PRESS: Barclays Chairman Says Tough Calls Needed - Bloomberg

Tue, 08th Sep 2015 12:03

LONDON (Alliance News) - Barclays PLC Chairman John McFarlane has told staff that some "tough calls" will have to be made in the coming weeks in his effort to boost the bank's returns, Bloomberg reported on Tuesday.

The report cited a person with knowledge of the contents of a memo sent to staff by McFarlane.

Shares in Barclays were up 2.0% at 258.15 pence on Tuesday afternoon in London.

http://www.bloomberg.com/news/articles/2015-09-08/barclays-s-mcfarlane-says-tough-calls-needed-to-boost-returns

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Related Shares

More News

18 Jun 2024 08:36

IN BRIEF: Melrose Industries hires former British Land CEO as chair

Melrose Industries PLC - Birmingham, England-based aerospace firm with Engines and Structures divisions that were formerly part of GKN - Hires Chris G...

17 Jun 2024 22:30

UK's Labour pledges to plug gaps left by bank branch closures

LONDON, June 17 (Reuters) - Britain's Labour Party said on Monday it would give regulators new powers to significantly increase the number of 'banki...

17 Jun 2024 09:33

LONDON BROKER RATINGS: Goldman Sachs cuts SSP Group to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

13 Jun 2024 09:37

LONDON BROKER RATINGS: Jefferies raises Great Portland to 'hold'

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

13 Jun 2024 00:00

Revolut picks new Canary Wharf HQ as it expands headcount

LONDON, June 13 (Reuters) - Britain's Revolut is to become the first tenant in a newly refurbished building in London's Canary Wharf financial distr...