focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 217.55
Bid: 217.40
Ask: 217.45
Change: 0.80 (0.37%)
Spread: 0.05 (0.023%)
Open: 215.35
High: 217.65
Low: 213.60
Prev. Close: 216.75
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
More News
9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

Read more
9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

Read more
9 Feb 2024 08:11

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

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

Read more
9 Feb 2024 07:59

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

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
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.

Read more
4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

Read more
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.

Read more
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.

Read more
25 Jan 2024 10:36

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

Read more
25 Jan 2024 10:05

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.

Read more
23 Jan 2024 12:37

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.

Read more
22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.