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.

near enough .... i don't think the ink is dry yet, but it seems to be pretty much a done deal, with the only detail (if you don't work there!) being what BARC will do about UK side, which was patently and grossly unfairly or even unethically hung out to dry by US Lehman

Nomura bought Lehman UK & Europe.

Lehman's administrators, PriceWaterhouseCoopers, confirmed today they have agreed to sell the investment banking and equities businesses of Lehman Brothers in the UK and Europe to Nomura, the Asian-based investment bank, saving 2,500 jobs in the process.

'The last week has seen a period of intense activity and with the support of PwCs recovery and corporate finance teams, as well as the staff at Lehman Brothers, we are absolutely delighted to be able to confirm that we have secured a sale of the investment banking and equities businesses of Lehman Brothers in the UK and Europe,'

Commenting on the sale, Dan Schwarzmann, joint administrator and partner at PriceWaterhouseCoopers, said: 'This sale, which is conditional on a number of issues, means the continuing employment of around 2,500 Lehmans staff, a vast number of whom have been working with us to get this unprecedented deal done,' he said.

The deal includes the investment banking and equities businesses of the Lehman Brothers offices in: The Netherlands, Qatar, Dubai, Kuwait, the UK, Spain, Italy, Germany and Sweden.

Nomura released a statement saying the acquisition - for which no price-tag was given - will provide the group with a market-leading equities and investment banking platform in the region and further enhance Nomura's strategy of connecting Asia and Europe.

The deal follows Nomura's agreement yesterday to acquire Lehman Brothers' entire franchise in the Asia Pacific region including Japan and Australia.

The deal does not include any trading assets or trading liabilities.

'In the past 24 hours Nomura has executed two transformational deals. This transaction will significantly extend our European footprint and international reach, enabling us to realize our strategy of delivering Asia to the world,' said Kenichi Watanabe, Nomura's CEO.

The deal is likely to come as a blow to Barclays. The UK banking group said it was hoping to recruit key Lehman personnel in the UK and in Europe during an analyst conference call after it announced it had bought Lehman's North American business.

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BLOODBATH TODAY!!!!!

I reckon they could fall to 200p is that possible.

BLOODBATH ALL OVER THE WORLD!!! BARC touched 187 this morning. Looking for a great improvement between now and end of the month. Fingers crossed.

Britain will launch its biggest retail bank rescue on Monday when the four largest, HBOS, Royal Bank of Scotland, Lloyds TSB and Barclays, ask for a combined 35 billion pound lifeline, the Sunday Times reported.

there is a much more in the report on Reuters and it does not make comfortable reading

Barclays to TRY and raise 6.5bln, good luck to them after they have already tapped investors once this year. I think they'll need a gov bailout sooner or later so will watch for a possible short play.

Barclays may have different longterm plans having avoided the RBS/ABN/AMRO disaster. It is possible they may split the business into two .... Barclays Retail and Barclays Capital.

Looks as though barclays and hsbc are the safest bets at the moment in the banking sector,cant see a rally on the others until the clarification on hbos and lloyds deal.

BARC only good if they can actually raise their requirement without gov't help, though that will still dilute .... HSBC the safest of the lot + Standard Chartered, though I have not looked at that

Looks as if Barclays is going to get some Qatar funds.
http://uk.reuters.com/article/UK_COMKTNEWS_MORE/idUKLF61412920081015

scotinvestor - 01 Jul 2008 14:20 - 223 of 301
will be nearer 2 quid......another crap share that ***** just bought and is falling lots

How very true Scotty!

another rout I would not be surprised if they fall to 70p.

It appears that the Arabs are taking a large stake in BARC. Doesn't look appealing.

hlyeo98 pretty racist remark isn't their money any good?

They have kept our Horse Racing industry going for yearsand Channel 4 Racing that I applaud!Mitzy I agree with your SP.

Hahaaha, thinking Barclays becoming a muslim bank, imagine that, hyleo.

Hi tabasco I may be over pessimistic with 70p its going to fall to 120p I 'm sure.

Just a few weeks ago, BARC said it need not raise any funds, the directors are just misleading the public creating a false sense of confidence, now it's 170p, I'm sure they have dumped their shares via their family names before announcing now that they needed funds from the middle east.