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On Barclays web cast today they stated that they had relatively low submission of complaints and as such until the outcome of the FCA enquiry they had not thought it n necessary to put provisions aside, maybe Lloyds will take the same approach but they are more effected
Works for me , try this https://archive.is/20240220102233/https://www.ft.com/content/474f5c90-b336-4576-bf12-0f88d0ccde6f
Worth a read, may not turn out as bad as the market has priced in
https://www.ft.com/content/474f5c90-b336-4576-bf12-0f88d0ccde6f
I knew Barclays would not be great, the share has been rock bottom for a couple of years but Barclays said it would return a total of £3 billion to shareholders for 2023 - up 37% on the previous year - including a fresh share buyback of £1 billion and a 5.3 pence per share final dividend. No provisions for the FCA investigation that I can tell
A new report has revealed that the UK taxpayer has forked out almost £24billion on jobless legal migrants who contribute nothing to the economy since 2020.
The number does not include international students who are discounted from the “economically inactive” category but if they were added the total cost would be an eye-watering £36billion.
The findings will fuel concerns that the UK's porous legal migration is being used for so-called benefits tourism with millions arriving and claiming housing benefit, Universal Credit, child benefit and other handouts including the use of the NHS and schools without contributing to the country.
The shocking figures have raised into question claims from the Treasury and some economists that mass migration is needed to grow the British economy.
The findings have come in a report by the Centre for Migration Control based on the latest data published last week by the Office for National Statistics (ONS).
Barclays well up today and results in the morning, last year they were poor and sent the whole banking stock down. Hope there OK this time as I have a small holding which like Lloyds has been a poor investment
What a horrid share this has turned out to be after the initial takeover offers were turned down this has just been downhill, cant believe I am down 73% and not any short term hope of recovery. Bust or riches for me now as I will never add to my holding
We are sorry to note your disappointment with the share price.
The Group continues to operate in what is an uncertain economic environment, and certain external events (in particular the EU referendum, Covid and the recent, sharp rise in inflation) have impacted the entire UK banking sector, reflected in our share price. Having said that, we are working to deliver for our shareholders. In 2022 our total yield, that included a progressive dividend and a share buyback, was more than 10%. In addition, despite the volatile external factors, we delivered a robust performance at Q3 with a year-to-date return on tangible equity of 16.6%, significantly ahead of our full year guidance of >14%. Alongside, we are investing in and progressing against our strategic aims (including cost savings as mentioned, but also additional sources of revenues), and continue to aspire to higher, more sustainable returns that will ultimately benefit all our stakeholders.
LTI surely the FCA would of known the DCA was happening, surely they was not asleep for 20 years, mind you I wouldn't put it past them having several complaints outstanding after 3 years regarding P2P companies in administration