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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 221.35
Bid: 221.30
Ask: 221.35
Change: 1.35 (0.61%)
Spread: 0.05 (0.023%)
Open: 222.05
High: 224.25
Low: 221.35
Prev. Close: 220.00
BARC Live PriceLast checked at -

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Barclays hit by claims it misled shareholders over Abu Dhabi government investment

Mon, 11th Feb 2013 14:57

Barclays came under fire again Monday for reportedly misleading shareholders over a three billion-dollar investment by the owner of Manchester City F.C. The news comes in the wake of the bank's £290m fine to UK and US regulators over LIBOR rigging and mis-selling of payment protection insurance.The bank announced in 2008 that Manchester City owner Sheikh Mansour had agreed to invest funds to help avoid a government bailout - but the money actually came from Abu Dhabi's government, according to a BBC Panorama investigation. Barclays was rescued in 2008 by £7.0bn worth of new investment, most of which came from Qatar and Abu Dhabi. Half of the amount was supposed to have come from Mansour but Barclays has confessed it was told the investor might change shortly before shareholders backed the deal. The bank allegedly kept quiet until the change was confirmed a few hours later.It claimed to have later provided "appropriate disclosure" in three prospectuses that were issued the following day. However, the disclosure was apparently hidden in the fine print saying that Mansour had arranged for his investment to be funded by an Abu Dhabi government vehicle which would become the indirect shareholder. The bank continued to identify Mansour as the investor in its annual reports of 2008 and 2009.Barclays said the mistake in its accounts was "a drafting error" and the information in the prospectuses was "entirely appropriate in all the circumstances"."The shareholders meeting had already taken place and there was therefore no need to issue press releases or additional formal communications to shareholders/other market participants," the bank added.The revelations are the latest in a string of scandals including the bank's rate fixing and reports it would be slashing about 3,500 jobs from its 23,300-strong workforce. The bank will reveal its full-year 2012 results Tuesday when new Chief Executive Officer Antony Jenkins unveils his so-called 'Project Transform' business strategy.Shares rose 0.40% to 299.95p at 15:27 Monday.RD
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25 Oct 2023 09:38

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25 Oct 2023 09:10

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25 Oct 2023 08:39

TOP NEWS: Lloyds Banking profit up and sticks with margin outlook

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24 Oct 2023 17:08

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24 Oct 2023 12:00

LONDON MARKET MIDDAY: Stocks in red amid cooling UK economy

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24 Oct 2023 09:22

LONDON MARKET OPEN: Banks weigh on FTSE 100 after Barclays disappoints

(Alliance News) - Stock prices in London opened lower on Tuesday, amid some disappointing UK company updates and the continuing uncertainty caused by the conflict in the Middle East

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24 Oct 2023 09:11

TOP NEWS: Barclays cuts UK outlook, third-quarter revenue falls short

(Alliance News) - Barclays PLC's third-quarter revenue fell short of estimates, though its profit topped consensus, despite a rise in provisions, numbers on Tuesday showed.

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24 Oct 2023 07:55

LONDON BRIEFING: Barclays quarterly income rises, but profit falls

(Alliance News) - Stocks in London are expected to edge into the red on Tuesday, as investors look ahead to the latest series of flash PMI prints from major economies.

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24 Oct 2023 07:28

Barclays beats Q3 profit forecasts but cuts NIM guidance

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18 Oct 2023 10:44

Manolete Partners hails boost on removal of UK insolvency protections

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17 Oct 2023 15:43

UK earnings, trading statements calendar - next 7 days

Wednesday 18 October 
888 Holdings PLCTrading Statement
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
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Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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13 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Revolution Bars Group PLCFull Year Results
Rio Tinto PLCTrading Statement
Seraphim Space Investment Trust PLCFull Year Results
Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
Wednesday 18 October 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
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Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

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12 Oct 2023 12:00

Barclays nixes ex-CEO Staley's bonuses after FCA's Epstein judgement

(Alliance News) - Barclays PLC on Thursday said that Jes Staley, the bank's disgraced ex-boss, will no longer be able to claim historic bonuses after "recklessly" misleading regulators about his relationship with Jeffrey Epstein.

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