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.

Excellent news from BARC this morning. UP UP UP UP today. (I hope!!).

good start to the day .... +24

Very good.

could be some very singed and squeezed bears today/tomorrow, but keep an eye on that 25 dma at about 370 ..... may prove something of a resistance, though if the wind is in the sails, may prove to be no more so thatn it was a support on the way south.

At least we finished BLUE today. Let's hope we see more blue tomorrow. With details of funding out within a fortnight and Interim Results on 7th August I'm hoping to see BARC in the 400/500 range within 3 months.

A good start to the day.:)

apparently 355 should have been a support, but sp crashed throuight that without second thoughts ..... however, will it prove a resistance now that sp is heading north? ...... shall watch very carefully and may take a profit on that part of my holding that i bought at 327

Great to see another BLUE close.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cxmktrep118.xml

and so it proved (post 132), so glad i followed my own advice and sold some (at 349), but if sp continues to slip may look to buy these back again at say +/-325

so i did at 327.75

Brave call, especially if you aren't able to watch constantly.
Are you setting a limit sell on?

nope ..... BARC are not going belly up and i reckon whatever fundraising they need or decide to do is already discounted .... obvioulsy, if markets/finacials collapse anew, BARC will not be immune.

safer here than in mini minnow blue sky E&P companies

Bought at 315,bought yesterday at 322,cheap as chips.

This shows how desperate Barclays is getting...


Shariah Capital says Barclays, DMCC to offer first Shariah compliant hedge funds - AFX


LONDON (Thomson Financial) - Shariah Capital Inc. said Barclays Capital, the investment banking division of Barclays Bank Plc., and the Dubai Multi Commodities Centre Authority (DMCC), an agency of the Dubai government, will offer the first Shariah compliant hedge funds on the Al Safi Trust alternative investment platform.

The company said Al Safi has been created in response to market demand for Shariah compliant alternative investments.

DMCC has committed to seed five commodity hedge fund managers on Al Safi with $50 million each, to be offered under the Dubai Shariah Asset Management brand, Shariah Capital said.

TFN.newsdesk@thomson.com

Thanks for info hlyeo98

This does not relate to any capital raising BARC may or may not be contemplating. Try reading the RNS from HBOS to see how well the UK banks are performing compared to their US counterparts. All will be revealed in August when the banks announce half yearly results and declare interim dividends. Personally I am sticking with BARC and LLOY as they have already indicated they will maintain and pay cash dividends.

barc has much further to fall......2.50 before i think of buying in

Yes, I also think this will go to 200 to 250p.

By Ichiro Suzuki and Poppy Trowbridge

June 20 (Bloomberg) -- Barclays Plc, the fourth-biggest U.K. bank, may get about 100 billion yen ($927 million) from Japan's Sumitomo Mitsui Financial Group Inc. as part of a plan to restore depleted capital, a person with knowledge of the plan said.

Sumitomo Mitsui, Japan's second-largest bank by market value, will make the investment through its Sumitomo Mitsui Banking Corp. unit, the person said, declining to be identified because the deal hasn't been finalized. Chika Togawa, a spokeswoman for Sumitomo Mitsui in Tokyo, declined to comment, as did Alistair Smith, a spokesman for London-based Barclays.

``It makes sense for them to invest in the region,'' said Leigh Goodwin, a London-based analyst at Fox-Pitt Kelton Ltd. who has an ``in line'' rating on the stock. ``Japan is a big market for Barclays Capital, but what's really important is the total Barclays can raise and whether they're going to have further writedowns to match.''