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.

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.

Still have another 50% to fall imo.

You could be right Mitzy, in this climate no news is very rarely good news and they have been pretty quiet in that department

Certainly have dean and 30p would probably be fair value given the uncertainty re toxic debts.

mitzy/deanphillips - so what's yr take on BARC being D4E by the Arabs that lent only recently? - I bought a few at 1.05 and already I've lost a leg!
Certainkly they claim to have some interesting technology ( cash-less society?) - but will the public go for it? . . . will it be a hacker's dream ( Nigerian Bank deposits anyone?) -
- These Bankers have fallen down massivly

Still a sell not sure about D4E at the moment but no buy signal on the horizon stay clear.

At the end of the day it boils down to belief and trust. Barclays are a major bank, they have some very good people, they have looked to grow stronger in the current turmoil - Lehmans and more recently activity in US. I dont know if the share will open down or up today, who does in the curent climate of fear. What i do know is that barclays will be around in 10 years and longer and that stuffing a few shares around at these prices seems like a no brainer.

tf. To my way of thinking,and I expect many others,the turn around has everything to do with the same thing happening in the U.S. market .Let,s hope that it is soon!
The confidence in bankers( I was tempted to start that word with a "W") is still at the bottom of the cliff from which it has fallen.
Barclays still are free from state control,but the fear that a few skeletons might still be found in the closet still exists.

the dead cat is moving a little today

Every share has its moments.

With BARC preferring Arab interest-rates which I believe are a very uninviting 12%anyone know how they are making their money?cant be lendingI am with Mitzythe company are as transparent as a Golliwog in a paper bagthe Government are now stating if Barclays turn up their accounts will be scrutinised with a Forensic treasury evaluationOdds1/5 they fail the test!

you don't mean that the audit would be fixed to ensure the required result surely!

hangon, I think they are still holding secrets back, and if my spider senses and cynical mind are correct, they are trying to hide whatever they can to avoid what other financial institutions have endured having disclosed almost fully their shocking practices. I would not be surprised if they got found out sooner or later.