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Share Price Information for Barclays (BARC)
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Share Price:
216.75
Bid:
216.10
Ask:
216.15
Change:
1.85 (0.86%)
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0.05 (0.023%)
Open:
214.55
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216.75
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Don't have an account? Click here to register.Non-core activities still dragging the chain at Barclays
Wed, 27th Apr 2016 07:09
(ShareCast News) - Barclays reported a dip in profit in its first quarter on Wednesday, with group profit before tax at £793m in the three months to 31 March, down from £1.06bn a year earlier.The FTSE 100 banking group said this reflected an 18% increase in core profit before tax to £1.6bn, though that was more than offset by an increased non-core loss before tax of £815m.Adjusted PBT, which adds back £109m of negative fair value movements on own credit, fell 44% to £902m compared to the prior year, but was 7% ahead of consensus forecasts.This was due to total income down 11% but 3% above consensus estimates at £5.04bn, while impairments were 11% lower than expectations, only partly offset by higher than anticipated costs."We promised to accelerate the pace of progress in reducing non-core so that our group performance converges with our core performance within a reasonable timeframe," said chief executive James Staley."Since 1 January, we have made progress in exiting from Investment Banking in nine countries, completed the sale of our Portuguese retail, wealth and SME banking businesses, and are progressing other announced sales, including the Italian branch network, the Index business and our Asian wealth business, towards completion in 2016."The group's return on average tangible shareholder equity was 3.8%, shrinking from 4%, though core return on tangible equity was up to 9.9% from 7.1%.Group attributable profit decreased 7% to £433m, resulting in a basic earnings per share of 2.7p, down from 2.9p. Core attributable profit increased 53% to £950m, resulting in a basic earnings per share contribution of 5.8p.In the UK division, Barclays delivered a return on tangible equity of 20.5%, down from24% last year. Underlying profit before tax fell 2% to £704m as lower income was partially offset by improved impairment, with underlying total operating expenses remaining broadly in line.Net interest margins in the UK were relatively stable, rising to 3.62% from 3.6%."Core RoTE is 9.9%, within which Barclays UK posted an impressive 20.5% return on tangible equity. We can see clear growth opportunities, such as in our Consumer, Cards and Payments business, in which we want to continue to invest," Staley explained."The performance of our Corporate and Investment Bank was relatively resilient in a tough quarter, but there is more we must do to improve returns, and we are focused on management actions to do so."Staley said the group was continuing to target cost reductions and is on track to meet 2016 guidance for the Core business of £12.8bn, with a longer-term target of a group cost to income ratio under 60%.Barclays' common equity tier 1 ratio declined to 11.3% during the quarter, from 11.4%, with the board blaming increased regulatory deductions and the acquisition of intangibles in relation to the US JetBlue credit card portfolio.The leveraged ratio decreased marginally to 4.3%, from 4.5%, which was put down to seasonality. Group risk-weighted assets increased £5bn in the quarter to £363bn, and leverage exposure increased £54bn to £1.08bn."The performance of the Core today shows the potential power of the group once it is freed from the drag of Non-Core," Staley explained.Barclays' net tangible asset value per share increased during the period to 286p, from 275p, driven by profit generation and favourable reserve movements.
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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.
Read more27 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.
Read more27 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.
Read more27 Mar 2024 13:17
UK dividends calendar - next 7 days
| Thursday 28 March | |
| Alliance Trust PLC | dividend payment date |
| Balanced Commercial Property Trust Ltd | dividend payment date |
| Berkeley Group Holdings PLC | dividend payment date |
| BHP Group Ltd | dividend payment date |
| BlackRock Energy & Resources Inc Trust PLC | ex-dividend payment date |
| BlackRock Sustainable American Income Trust PLC | ex-dividend payment date |
| BlackRock Throgmorton Trust PLC | dividend payment date |
| BP PLC | dividend payment date |
| City of London Investment Group PLC | dividend payment date |
| Crown Place VCT PLC | dividend payment date |
| CT UK Capital & Income Investment Trust PLC | dividend payment date |
| Develop North PLC | dividend payment date |
| Diversified Energy Co PLC | dividend payment date |
| Downing Renewables & Infrastructure Trust PLC | dividend payment date |
| Gateley Holdings PLC | dividend payment date |
| Genus PLC | dividend payment date |
| Hargreaves Lansdown PLC | dividend payment date |
| HICL Infrastructure PLC | dividend payment date |
| Idox PLC | ex-dividend payment date |
| Imperial Brands PLC | dividend payment date |
| Melrose Industries PLC | ex-dividend payment date |
| Mid Wynd International Investment Trust PLC | dividend payment date |
| Moneysupermarket.com Group PLC | ex-dividend payment date |
| NextEnergy Solar Fund Ltd | dividend payment date |
| North Atlantic Smaller Cos Investment Trust PLC | dividend payment date |
| Personal Group Holdings PLC | ex-dividend payment date |
| Premier Miton Global Renewables Trust PLC | dividend payment date |
| Quartix Technologies PLC | ex-dividend payment date |
| Renewables Infrastructure Group Ltd | dividend payment date |
| Schroder Real Estate Investment Trust Ltd | dividend payment date |
| SDCL Energy Efficiency Income Trust PLC | dividend payment date |
| Smith & Nephew PLC | ex-dividend payment date |
| Taylor Wimpey PLC | ex-dividend payment date |
| Thames Ventures VCT 2 DSO 1 D PLC | dividend payment date |
| Travis Perkins PLC | ex-dividend payment date |
| Utilico Emerging Markets Trust PLC | dividend payment date |
| Vaalco Energy Inc | dividend payment date |
| Value & Indexed Property Income Trust PLC | ex-dividend payment date |
| VH Global Sustainable Energy Opportunities PLC | dividend payment date |
| Volution Group PLC | ex-dividend payment date |
| Wynnstay Group PLC | ex-dividend payment date |
| Friday 29 March | |
| Energean PLC | dividend payment date |
| Fiske PLC | dividend payment date |
| Triple Point Social Housing REIT PLC | dividend payment date |
| Monday 1 April | |
| no events scheduled | |
| Tuesday 2 April | |
| Ashmore Group PLC | dividend payment date |
| Braemar PLC | dividend payment date |
| Fair Oaks Income Ltd | dividend payment date |
| Fonix Mobile PLC | dividend payment date |
| JPMorgan European Growth & Income PLC | dividend payment date |
| MJ Gleeson PLC | dividend payment date |
| RM Infrastructure Income PLC | dividend payment date |
| Shoe Zone PLC | special dividend payment date |
| Temple Bar Investment Trust PLC | dividend payment date |
| Tritax Big Box REIT PLC | dividend payment date |
| Warehouse REIT PLC | dividend payment date |
| Wheaton Precious Metals Corp | ex-dividend payment date |
| Wednesday 3 April | |
| Barclays PLC | dividend payment date |
| Tetragon Financial Group Ltd | dividend payment date |
| Comments and questions to newsroom@alliancenews.com | |
| 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. | |
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.
Read more26 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:
Read more21 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.
Read more14 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:
Read more12 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.
Read more11 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.
Read more1 Mar 2024 15:06
London close: Stocks start the month with positive close
(Sharecast News) - London's financial markets finished in positive territory on Friday, with investor sentiment buoyed by the recent easing of inflation in the United States, as market participants mulled the latest manufacturing data from the UK.
Read more1 Mar 2024 10:08
IN BRIEF: AB Foods appoints Barclays to run GBP250 million buyback
Associated British Foods PLC - London-based food and ingredient company and owner of fast-fashion retailer Primark - Enters agreement with Barclays Capital Securities Ltd to run the second tranche of AB Food's GBP500 million share buyback programme. The second tranche will be for up to GBP250 million and commence following the completion of the first tranche of the programme, expected before May 1. The first tranche, conducted by UBS Group AG, commenced on November 14. All shares repurchased will be cancelled.
Read more29 Feb 2024 16:05
London close: Stocks finish positive as US inflation moderates
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
Read more27 Feb 2024 16:08
Barclays to sell $1.1bn of card debt to Blackstone - report
(Sharecast News) - Barclays has agreed to sell around $1.1bn of credit-card receivables in the US to Blackstone as it looks to reduce its risk-weighted assets and create additional lending capacity.
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