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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: 201.00
Bid: 201.60
Ask: 201.65
Change: -2.45 (-1.20%)
Spread: 0.05 (0.025%)
Open: 204.85
High: 205.35
Low: 200.80
Prev. Close: 201.00
BARC Live PriceLast checked at -

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Barclays sells Barclays Africa stake down to 50.1 percent

Thu, 05th May 2016 07:17

(ShareCast News) - Barclays has sold down its stake in its African subsidiary to 50.1% after a placing in South Africa with institutional investors at a price of 126 rand (584p) that valued the shares at 13.05bn rand (£603m).Confirming an announcement from late on Wednesday, Barclays' investment bank coordinated a placing of 12.2% of Barclays Africa Group Limited (BAGL) shares with and the group has agreed a 90-day lockup over the remaining majority stake.In March, new chief executive Jes Staley announced a set of strategic initiatives that included plans to divest part of the group's 62% shareholding in Barclays Africa over the next two to three years to allow it to de-consolidate the subsidiary from an accounting perspective and, eventually, a regulatory perspective.Analyst Gary Greenwood at Shore Capital said he understood Barclays was likely to need to cut its ownership to below 20% as part of this regulatory de-consolidation strategy."Only then will Barclays be able to reap the capital benefit of this process."Combined with the proposed dividend cut to 3p per share in 2016 and 2017 from 6.5p in 2015, Greenwood said this was expected to add at least 100 basis points to the CET1 ratio, which stood at 11.3% at the end of March versus a management target of around 13%.Shares in Barclays, which earlier this year sunk to their lowest point since 2009, were down 0.22% on the day at 161.9p.
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LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

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9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

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TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

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9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

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Sunday newspaper round-up: Asda, Barclays, McLaren

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26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

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26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

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BoE says 'ring fencing' capital rules for retail banks need no big overhaul

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Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

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