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.

Sensible shorters will be thinking of taking their profits before foreign investors start increasing their shareholdings.

Bought@294p wait for the upturn !!

My mate Scotty I dont want to wind up CynicI do enough of that as you know..but BARC down to 2 by Xmas punt or no punt.

barc will be down by end july or maybe august....certainly to 2.50, not sure about 2 quid

oh dear.....just when u think it cant get any worse!!

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/27/bcnbarc127.xml

9th worst tier 1 in whole of europe.......and they need many more billions

Oh dear.. oh dear Im shocked lets split the difference Scotty 2-25

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".

"We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."

Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond markets will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.

Mr Bond said the emerging world is now on the cusp of a serious crisis. "Inflation is out of control in Asia. Vietnam has already blown up. The policy response is to shoot the messenger, like the developed central banks in the late 1960s and 1970s," he said.

"They will have to slam on the brakes. There is going to be a deep global recession over the next three years as policy-makers try to get inflation back in the box."

Barclays Capital recommends outright "short" positions on Asian bonds, warning that yields could jump 200 to 300 basis points. The currencies of trade-deficit states like India should be sold. The US yield curve is likely to "steepen" with a vengeance, causing a bloodbath for bond holders.

David Woo, the bank's currency chief, said the Fed's policy of benign neglect towards the dollar had been stymied by oil, which is now eating deep into the country's standard of living. "The world has changed all of a sudden. The market is going to push the Fed into a tightening stance," he said.

Barclays' shares under pressure as Citi says it may need 9bn more


Barclays' 4.5bn fundraising falls about 9bn short of what is necessary to absorb credit-related writedowns and bring the bank's capital in line with European peers, Citigroup said.

The British bank's shares came in for more heavy selling after the note, dropping 2.4pc in early trading after yesterday's 8.5pc tumble.

Barclays Capital President Bob Diamond says the bank is in a strong position
Citigroup analysts said that simply moving Barclays' core tier one capital in line with its closest peer, Royal Bank of Scotland, would require an extra 2.5bn. If Barclays was to writedown its credit-related positions to the same degree as RBS the figure "increases to circa 9bn".

Barclays has taken just 1.7bn of writedowns this year, compared with 5.9bn at RBS, leading some to believe that it has not been sufficiently prudent in its assumptions.

prudent eh.....they should have got mr.brown as he says he has been prudent for last 10 years, lol

Barclays Bank is linked to Mugabe...LOL!


Barclays is flouting European Union sanctions on Zimbabwe by providing two of President Robert Mugabes most senior henchmen with bank accounts.

Both men are named on an EU blacklist that compels European-based financial institutions to freeze their bank accounts and have no dealings with them.

Barclays has been able to get around the sanctions by persuading the UK Treasury that the rules do not apply to its 67%-owned Zimbabwean subsidiary because it was incorporated outside the EU.

The two henchmen have been heavily involved in the regimes crackdown, which in effect fixed Fridays presidential election in favour of Mugabe. They are Elliot Manyika, minister without portfolio, who is a key figure in the recent violence, and Nicholas Goche, minister of public service, who is said to have masterminded attacks on white farmers.

well i did say about a week ago that barclays has been linked for many years to corruption! old cynic tried to ignore this as journo hogwash but i bet i'm proved right if authorities look into it.
as i say again, barclays is pish.

if above is true, then this shows the sickening low depths that barclays will go to

bad news like this will get this to 2 quicker

corruption? ....... oh, you mean like BAE and a stack of other international businesses? ....... how do you think Iraq got arms or Libya its various supplies when it too was banned from international trade? ..... South Africa too, in the days of apartheid ...... answer to all = very easily for there are always gaping loopholes to be exploited

whats that to do with barclays financial mess, corruption and links supporting mugabe?

corruption, as you choose to call it ..... or do you have a strange interpretation of same to suit your rant?

i saw a whistleblowers programme on bbc about 2 or 3 years ago on barclays and the various stories of corruption from within. it aint a rant as i couldnt care about barclays even it went bankrupt.....although that would mean massive bailout again by gov using our money

so your point is?
haven't bothered to follow story about barclays allowing mugabe's henchmen a bank account or whatever, though it brings a wry smile knowing the probs i have in setting up a perfectly straightforward a/c in BVI
however, the song and dance about BAE, which i guess is much more straightforward in so-called corruption terms, is farcical.
to my mind, that is just US sour grapes for missing out.
there is no question that if you want to do serious biz in M/E or F/E or a wide spectrum of other countries (sometimes even UK) the "extra" commission is mandatory.
you don't want to pay or it offends your moral sensibilities?
fine, but don't expect to close the deal.
personally, i find it totally acceptable .... but then of course, in your jaundiced and bigotted eyes, i am just a scum emigree with no morals whatsoever

This seems to be getting a bit vicious lads!
It will soon be handbags at 20 paces!

Think Ive overpriced at 2.25

only cynic has a handbag!

sorry taby u may be right......i'll buy when it hits 2 quid