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.

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.

I all bank are down not only because they need fund but also because lot of it short sales

In freefall now ..thechart is not good.

I was unlucky on this one I bought in at 1.6860p per share, decided to go shopping and left a stop loss and got closed out at the lowest price of the day. My stop loss was 1.60 for the day. Do you think they will be back down again on monday they are currently trading at 1.78 per share. its a sickner. good luck all holding this.

I suspect it will not be a good L-T purchase, so you may be better "out" than you realise. Today, News is they've taken a big chunk of Saudi-Eastern money which has the Co tied up in knots. However, Directors are free to reward themselves for performance to date...I suspect the new owners (in effect) will tighten their grip and these Dirs will be "out" soon after the ink is dry and business explained to Saudi-Dirs. Maybe a Shira future,,,who knows?
BARC should have taken the UK-Government money - or better still, not been so darn silly for the last four ( or ten, anyone?) years.
"Reward for failure" lives on.....for now.... All IMHO . . . .DYOR.

EDIT Halifax, I hear what you say, but I don't think the Arabs need to be that generous.

If you were a director of BARC would you rather be sitting round a table with Darling in Whitehall or in the Gulf with guys with loads of money. I know which I would choose.

this share has closed on american market at 1.6323p. May be able to buy back cheaper on monday. keep an eye on the weekend newspapers. do not forget the saudis bought rights issue shares at approx. 2.85 a share if I remember right so if they can buy at the present price they will be doing well. what a discount

The lengths people will go to, to avoid sitting in a room with big Gord...
http://www.telegraph.co.uk/finance/newsbysector/epic/barc/3332533/Barclays-shareholders-angry-at-generous-terms-of-7bn-Middle-Eastern-fund-raising.html

Nothing comes cheap...


The deal will mean Barclays is the only major British bank which will not have to take money from the taxpayer, keeping it free of the constraints the Government has said it will impose on dividends, bonuses and lending levels.

But that freedom has come at a high price. Analysts yesterday estimated the financing will cost Barclays at least 1bn more than if it had used the Governments bail-out package, which is being taken up by Royal Bank of Scotland, Lloyds TSB and HBOS.

Sandy Chen, an analyst at Panmure Gordon, said: The terms of this capital raising are expensive, especially compared to the financing terms that had been on offer from the UK Government. Alex Potter at Collins Stewart said: Government intervention is being avoided at a very high cost.

Barclays shares fell 13pc to 178.9p after it unveiled details of its fund raising, which will see Sheikh Mansour Bin Zayed Al Nahyan, a member of the Abu Dhabi royal family and owner of Manchester City football club, buy up to 16pc of Barclays. The Qatar Investment Authority and Challenger, the vehicle owned by Qatars royal family, will also invest in the capital raising. Together the three will own almost one third of Barclays.

??????????? .... since when were HSBC lining up for a bailout?

Now it's official...Gordon is out there with his begging bowl in the Middle East. So hilarious.

Shaking hands with Al Quelda you could not make it up.

disgusting........and thats from a religious leader......he's destined for hell fire when he dies as that what he believes in as god wont tolerate such evil acts

Gordon Brown is handing UK into the hands of the sheikhs. Maybe one day UK will be a Muslim country.

During their banquet, Mr Brown was treated to scenes of a "James Bond villain-style splendour" according to one of the diners present. The meal was served beside King Abdullah's private aquarium, complete with sharks and other exotic fish.


Maybe Brown will be food for the sharks....

shaken but not stirred...........

er justyi, i'm new here but uk has lot of muslims already and i agree in about 20 or so years it will be a muslim country