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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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Barclays' chief Diamond talks of bonus 'restraint'

Tue, 11th Jan 2011 11:22

Barclays' new chief executive Bob Diamond has defended bankers' bonuses and refused to confirm whether he will forgo his payout this year, thought to be worth up to £8m.Diamond, the former head of investment banking arm Barclays Capital promoted on 1 January, also told a Treasury Select Committee the time for apologies from banks is over."I'm committed as chief executive to acting responsibly, to showing any restraint I can," said the 59-year-old American. "Bonuses are not taken lightly. We are sensitive. We're listening."It's still too early for banks to confirm exactly what staff will receive this year - they're still crunching the numbers - but Barclays is thought to be dishing out a little less than last time when it makes its decision, due in a couple of weeks.State-owned Royal Bank of Scotland is expected to share out nearer £1bn compared with last year's £1.3bn, but there's talk that CEO Stephen Hester will trouser £2.5m.The total bonus bill for City bankers is expected to be about £7bn, down from £7.3bn a year ago and much less than the £11.6bn paid out in 2007.Then, Chelsea fan Diamond made £21m, but he's waived his bonus for the past two years amid public anger at the banks who they blame for causing the recession.Coalition leaders had promised a clampdown on the huge rewards handed to the Square Mile's wheeler dealers, but it's looking increasingly likely their efforts have failed.A promise to lend more to small businesses is all ministers will get, according to reports.That will come as a huge embarrassment to David Cameron and Nick Clegg, just as their tough package of spending cuts, including thousands of public sector job losses, begin to bite.
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Sainsbury's to gradually withdraw from banking

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16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

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TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

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London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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UK finance watchdog probes possible motor finance misconduct

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TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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