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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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Caixabank considers offer for Barclays Spanish business - report

Thu, 12th Jun 2014 16:24

MADRID, June 12 (Reuters) - Caixabank isconsidering making an offer for Barclays' retailbusiness in Spain, which analysts value at up to 2.2 billioneuros ($3 billion), the Spanish lender's chief executive officertold the Wall Street Journal.

Caixabank has been among the most acquisitive banks duringthe financial crisis, snapping up bailed-out peers to increaseits market share across Spain.

"We have a lot of interest," said Caixabank CEO Juan MariaNin in an interview posted on the newspaper's website onThursday, adding the Barcelona-based lender was in talks withBarclays but had not yet begun an analysis of its mortgages andother loans.

Caixabank is also interested in fellow Catalan bankCatalunya Caixa, nationalised in 2012, said Nin. The state putthe bank up for auction earlier this month and bidders haveuntil July 14 to submit binding offers.

Barclays in May outlined a major restructuring and as manyas 19,000 job cuts as it refocuses on its British and Africanbusinesses, investment banking in the UK and United States, andcredit cards.

It will park its retail banking operations in Spain, Italy,France and Portugal in a "bad bank", and these will be sold,separated or listed on the stock market.

Banking sources told Reuters last month that Barclays wascontacting potential bidders with preliminary information aboutthe Spanish unit and confidentiality agreements.

Private investment firms and Spain's top banks Santander, BBVA and Caixabank would be among thoseapproached, people familiar with the matter said. Theacquisition of Barclays' offices would bolster Caixabank'smarket share in Madrid, Nin told the Wall Street Journal.

Barclays expanded rapidly in Spain, including the 1.1billion euro purchase of Banco Zaragozano in 2003, but hitproblems from big losses on corporate loans and the recession.The bank's European retail business has lost almost 2 billionpounds ($3.4 billion) over the last four years.

Barclays shut or sold 161 branches in Spain last year,reducing the network by more than a third to 270. Aboutone-third of staff were cut, leaving roughly 2,100 in thebusiness.($1 = 0.7345 Euros) (Reporting By Sonya Dowsett; Editing by Elaine Hardcastle)

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OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

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UK shareholder meetings calendar - next 7 days

Friday 3 May 
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HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
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Monday 6 May 
no events scheduled 
Tuesday 7 May 
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Just Group PLCAGM
Macfarlane Group PLC AGM
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Wednesday 8 May 
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Aston Martin Lagonda Global Holdings PLCAGM
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Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
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Thursday 9 May 
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BAE Systems PLCAGM
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Catenai PLCGM re convertible loan note
Clarkson PLCAGM
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Genel Energy plcAGM
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Hiscox LtdAGM
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Indivior PLCAGM
John Wood Group PLCAGM
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Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-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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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

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GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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European bank stocks at highest since 2015 after earnings boost

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NatWest profit falls less than feared ahead of state escape

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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