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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: 200.20
Bid: 200.15
Ask: 200.25
Change: -4.95 (-2.41%)
Spread: 0.10 (0.05%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

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Tuesday preview: Barclays reveals annual results amid scandals

Mon, 11th Feb 2013 15:54

All eyes will be on Barclays Tuesday as the bank unveils its full-year results for 2012 in the wake of a string of scandals.The company has been undergoing a massive shake-up under new Chief Executive Officer, Antony Jenkins, who is reportedly slashing about 3,500 jobs from its 23,300-strong workforce. Jenkins will unveil his so-called 'Project Transform' business strategy alongside the company's results. Since taking over as boss from Bob Diamond in August, Jenkins has been working to rebuild the bank's image following its alleged LIBOR rigging and mis-selling of payment protection insurance for which it agreed to pay a £290m fine to UK and US regulators.He was recently said to have issued a memo to employees outlining the bank's new ethical code of conduct - which would be used to assess their performance. Staff who did not support the core values were advised to find another job, according to reports.Among those who have since decided to leave is Finance Director, Chris Lucas.Analysts at Investec noted the 3.0% fall in shares following last week's announcement of his retirement but said it "merely offers a fresh window of opportunity for investors to top up ahead of February 12th".The broker reiterated its 'buy' recommendation and a target price of 320p.Shares in Barclays recovered Monday, up 0.45% to 299.95p at 15:45.On the same day reports said Barclays misled shareholders over a £3.0bn investment by the owner of Manchester City F.C. Sheikh Mansour.The bank announced in 2008 Mansour had agreed to invest the money, which helped it avoid a taxpayer bailout - but the funds actually came from Abu Dhabi's government, according to a BBC Panorama investigation. Despite the latest hit to the bank's reputation, analysts predict a 39% growth in earnings per share of 35.00p and a dividend of 6.49p in its annual results. Revenues are pegged at £27.8bn while pre-tax profits are anticipated to reach £7.07bn. INTERIMS Albemarle & Bond Holdings, Avanti Communications Group, Sabien Technology Group, Sinclair Is Pharma INTERNATIONAL ECONOMIC ANNOUNCEMENTS Treasury Budget Statement (US) (19:00) Q4 Norsk Hydro ASA GMS Ferrex FINALS Barclays, Dragon Oil, Heavitree Brewery, Lo-Q, Norsk Hydro ASA, Telekomunikacja Polska S.A GDR (Reg S) IMSS United Drug, Volex AGMS CareTech Holding, Pressure Technologies UK ECONOMIC ANNOUNCEMENTS Consumer Price Index (09:30) Producer Price Index (09:30) Retail Price Index (09:30) FINAL DIVIDEND PAYMENT DATE Unicorn AIM VCT RD
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12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

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3 Nov 2023 08:43

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27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

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25 Oct 2023 09:38

LONDON BROKER RATINGS: Barclays cuts Mondi; Jefferies ups AB Dynamics

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

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25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

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25 Oct 2023 08:39

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

(Alliance News) - Lloyds Banking Group PLC on Wednesday maintained its annual net interest margin guidance and reported consensus-topping third-quarter profit, though top-line growth fell just shy of loftier expectations.

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24 Oct 2023 17:08

LONDON MARKET CLOSE: FTSE 100 shakes off midday losses after US data

(Alliance News) - The FTSE 100 closed in the green on Tuesday following positive private sector data out of the US, despite figures closer to home showing a weaker UK private sector and rising unemployment.

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24 Oct 2023 12:00

LONDON MARKET MIDDAY: Stocks in red amid cooling UK economy

(Alliance News) - Stock prices in London were lower at midday Tuesday, though European peers were in the green, with the banking sector weighing on the FTSE 100 after less-than-stellar results from Barclays.

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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

(Sharecast News) - Third-quarter headline profits at Barclays may have comfortably beaten analysts' forecasts, but the bank disappointed the market on Tuesday with a cut to its guidance for UK net interest margin (NIM), a key measure of profitability in retail banking.

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18 Oct 2023 10:44

Manolete Partners hails boost on removal of UK insolvency protections

(Alliance News) - Manolete Partners PLC on Wednesday said it is emerging soundly from the UK government's alleged "suppression of the insolvency sector" during the Covid-19 pandemic.

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