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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: 214.55
Bid: 214.55
Ask: 214.65
Change: -2.20 (-1.01%)
Spread: 0.10 (0.047%)
Open: 215.35
High: 215.35
Low: 213.60
Prev. Close: 216.75
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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16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

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

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16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

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15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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