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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 183.20
Bid: 183.48
Ask: 183.52
Change: 1.68 (0.93%)
Spread: 0.04 (0.022%)
Open: 183.32
High: 185.68
Low: 182.82
Prev. Close: 181.52
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Barclays To Contest GBP50 Million UK Fine Over Qatari Capital

Mon, 16th Sep 2013 14:08

LONDON (Alliance News) - Barclays PLC Monday said it would contest a GBP50 million fine given to it by UK regulators over capital raising agreements it made with Qatar in 2008.

The agreements were not disclosed in announcements or public documents relating to the capital raisings in June and November 2008, and the UK Financial Conduct Authority has described Barclays as having acted "recklessly" for not disclosing the deal.

Barclays revealed the fine in its prospectus for a GBP5.8 billion rights issue Monday. It also revealed that the FCA had sent it a warning notice September 13.

Barclays said the same agreements are under investigation by US authorities and the Serious Fraud Office.

In the prospectus, Barclays also revised the date it thinks its return on equity will exceed the cost of equity to some point in 2016, from its previous target of the end of 2015.

However, it improved its outlook for its tier 1 capital ratio, and now expects a fully loaded ratio greater than 10.5% in early 2015 as opposed to a weaker transitional ratio in excess of 10.5% by the end of 2015.

It also plans on increasing its planned dividend payout ratio to 40-50% from 2014, as opposed to the original target of 30% by the end of 2015.

Barclays announced the rights issue after another UK regulator, the Prudential Regulation Authority, found that Barclays had a GBP12.8 billion gap in its balance sheet.

Barclays shares were Monday quoted at 306.4 pence, up 4.8 pence, or 1.6%.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2013 Alliance News Limited. All Rights Reserved.

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27 Mar 2024 20:59

Barclays executive denies discrimination in employee case

LONDON, March 27 (Reuters) - Barclays' former Global Head of Race at Work has defended her decision not to investigate further an employee complaint alleging racial, religious and sex discrimination at the British bank, an employment tribunal in London heard on Wednesday.

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27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

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27 Mar 2024 13:44

Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader in the world to be jailed for interest rate rigging, lost his appeal against his conviction on Wednesday, a decision he said he would seek to challenge at the UK's Supreme Court.

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27 Mar 2024 13:17

UK dividends calendar - next 7 days

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A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Mar 2024 11:45

UK Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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21 Mar 2024 11:45

Citi, Barclays set to trim investment banking headcounts

(Sharecast News) - Banking giants Barclays and Citigroup were reportedly gearing up to trim their investment banking workforce, it emerged on Thursday, amid a slowdown in dealmaking activity within the sector.

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14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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

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12 Mar 2024 08:42

UPDATE: York consortium sells call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC on Tuesday confirms that BCP York Holdings LP sold call options over around 10 million voting shares in LSEG, having announced plans to do so after the London market close on Monday. The call options were sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters didn't participate in the call option transaction.

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11 Mar 2024 19:21

IN BRIEF: Consortium to sell call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC says BCP York Holdings LP intends to sell call options over around 10 million voting shares in LSEG. Shares to be sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters will not participate in the call option transaction.

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London close: Stocks start the month with positive close

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IN BRIEF: AB Foods appoints Barclays to run GBP250 million buyback

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

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27 Feb 2024 16:08

Barclays to sell $1.1bn of card debt to Blackstone - report

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27 Feb 2024 11:33

IN BRIEF: Faruqui of Barclays named new Takeover Panel head

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