Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. Company operates in over 60 countries and employs over 78,000 people.

            Red = 25 day moving average.           Green = 200 day moving average.

Oil price likely to fall next week following general condemnation of politically motivated sabre rattling by an Israeli minister see todays RNS.

Dvu

Barclays in advanced talks with overseas funds for capital injection - report
AFX

LONDON (Thomson Financial) - Barclays Plc. executives are in advanced talks with overseas government-backed funds regarding a capital injection of more than 3 billion pounds, The Sunday Telegraph reported.

The newspaper said Britain's third largest bank has stepped up talks with investors from China, Abu Dhabi and elsewhere in the Middle East and Asia as it seeks to boost its balance sheet.

Advisers to Barclays said this weekend that it wants to tie up the new capital within the next few weeks, with the bank preferring to raise capital from sovereign wealth funds rather than through a rights issue.

The Sunday Telegraph said China Development Bank, which already owns a small stake in Barclays, is among those with which the bank is in talks.

The group wants to increase its core tier-one capital ratio to at least 5.25 percent from its current level of 5.1 percent, with analysts believing Barclays needs to raise 3 to 4 billion pounds.

The newspaper said Barclays is also debating whether to pursue takeover opportunities to take advantage of its rivals distressed share prices. Deals being considered range from investment banks to retail lenders in fast-growing economies in parts of Europe and Asia.

It said the bank has looked at both Lehman Brothers Inc. and UBS AG., though both deals would present massive integration risks due to the complexity and scale of the integration.

Barclays in advanced talks with overseas funds for capital injection - report
AFX

LONDON (Thomson Financial) - Barclays Plc. executives are in advanced talks with overseas government-backed funds regarding a capital injection of more than 3 billion pounds, The Sunday Telegraph reported.

The newspaper said Britain's third largest bank has stepped up talks with investors from China, Abu Dhabi and elsewhere in the Middle East and Asia as it seeks to boost its balance sheet.

Advisers to Barclays said this weekend that it wants to tie up the new capital within the next few weeks, with the bank preferring to raise capital from sovereign wealth funds rather than through a rights issue.

The Sunday Telegraph said China Development Bank, which already owns a small stake in Barclays, is among those with which the bank is in talks.

The group wants to increase its core tier-one capital ratio to at least 5.25 percent from its current level of 5.1 percent, with analysts believing Barclays needs to raise 3 to 4 billion pounds.

The newspaper said Barclays is also debating whether to pursue takeover opportunities to take advantage of its rivals distressed share prices. Deals being considered range from investment banks to retail lenders in fast-growing economies in parts of Europe and Asia.

It said the bank has looked at both Lehman Brothers Inc. and UBS AG., though both deals would present massive integration risks due to the complexity and scale of the integration.

Barclays is going begging on the foreign streets.

Wait for the bounce EK has closed hls short.

I'm sure that the turnaround will be spectacular - when it happens!!

Bought in @ 308 looks cheap as chips.

Maybe that 2003 low will provide some support, bought a few too

I doubt the 2003 support will hold at all.

Support has just been broken right now.

It seems to be testing it again, not breaking through it yet though yo have to admit it bounced almost 10% off it from yesterday so not a bad day trade!

Broken through 2003 low - Let's hope there is some good news soon about capital raising from China, Abu Dhabi, Middle East & Asia. I think the turnaround will be spectacular then.

F'ing needs to be!

looking at the above chart it looks more similar in shape so far to the 1998 spike down than the more drawn out 2003 one and it was back up to 500 on the former fairly rapidly though history never repeats itself...

looking at the above chart it looks more similar in shape so far to the 1998 spike down than the more drawn out 2003 one and it was back up to 500 on the former fairly rapidly though history never repeats itself...

Bought a few more ,cheap as chips!!

WEe thought that when they were 4!

It is not cheap with the article below today...



Barclays looks to Asia to raise 4bn - John Waples


BRITISH banking giant Barclays is close to raising 4 billion in a placing with some of the worlds biggest sovereign wealth funds.

The move is the latest in a series of capital raisings around the world by banks that have been hit hard by the credit crisis. Marcus Agius, the banks chairman, and his chief executive John Varley are expected to come under pressure tomorrow to clarify the fundraising in a stock-exchange statement.

The confirmation will put an end to the uncertainty surrounding the bank while the City has waited for details of how it will raise new capital.

The placing, to be completed within a fortnight, will involve issuing new shares to investors at a premium to Fridays closing price of 318p. This valued the bank at 20.9 billion.