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.

sold out at 98p..buy back in the morning

How about todays explosion mitzy?

Hmmm trying hard to stay above a quid.

Royal Bank of Scotland +44%, HSBC +9.7% and Barclays +19%. Lloyds Banking Group +50% after Citigroup raises the bank's rating to buy. Standard Life +7.8%, as investors welcome the group's upbeat trading statement.

Sure it's good to hear something positive (for a change), but even if BARC is 100% correct what we are being told (long after the event) that in 2008 they made a lot of money.

Well, so what?

If they hadn't, it could only be due to uninsured Bank Robberies, as this was a time of unwinding booming deals and provided they didn't do it too quickly, there was an Accountant's profit somewhere.

But with BARC taking on Arab interest-rates and few spending on Barclaycard - just where is the next years profit comming from...( Psst, what a Mortgagfe - er, not just now, mate),
Er, so where will their profits come from?

So I expect this furry for Bank-Shares to end soon enough.......and as many UK-Banks are in hoc to the UK Government, there won't be a big Dividend....Oh deary.

hangon your credibility (if you had any) reaches an all time low.

Profit 5,287 final dividend 11.5p

Final results part 1
Final results part 2

rubbish divi will commence second half of 09........get some glasses skinny!

Broken resistance at 110

120 looks more than possible (to-day)

Results going down well, even pulled lloy past 110 against a flat market.

40 million traded by 9 am

I see Varley's back on camera, this time talking about this morning's results in detail and he's bought the FD to back up the numbers. Interestingly they have also interviewed the Financial Risk Director. Now there's a sign of the times!

www.cantos.com

MMs are at it - many more buys than sells - but down 4%

Barclays Not Planing To Sell Barclays Global Investors-Source





LONDON -(Dow Jones)- Barclays PLC (BCS) isn't planning on selling its Barclays Global Investors business, a person familiar with the situation told Dow Jones Newswires Thursday.

Earlier Thursday, the FT Alphaville blog on the Financial Times Web site quoted sources as saying that Barclays is in "detailed conversations with a consortium buyer to offload Barclays Global Investors," for around GBP5 billion.

The person told Dow Jones that this is just another in a long line of reports that Barclays plans to sell BGI and that it is pure speculation.

Barclays declined to comment on the story.

Earlier in February, Barclays said BGI's 2008 profit before tax fell 19% to GBP595 million while assets under management were flat at GBP1.04 billion.

Evil knievil is going long on this....you wouldn't think that this was his thing really....going long instead of shorting !.

What does EK know.

He's just a terrific investor, shorter, one of the best !.

The shit certainly seems to have hit the fan again!
What's the story this tine?
Same old crap I expect.
It's a good job they made 6 billion profit.
Look on the bright side.Think of what might have happened if it was only a couple of billion?

The Barclays bank is probably in one of the worst positions in its history will it survive I dont know I read that caught a cold buying Lehmans.