NEWS
27th Oct 2016 Q3 2016 Results Announcement
27th Apr 2016 1st Quarter Results
01st Mar 2016 Barclays plc 2015 Full Year Results (PDF 2.1MB)
29th Oct 2015 Q3 2015 Results Presentation (PDF, 500KB)
29th Oct 2015 Q3 2015 Results Announcement (PDF, 1.1MB)
28th Oct 2015 Barclays appoints James E. Staley as Group Chief Executive
29th Jul 2015 2015 Interim Results
08th Jul 2015 BARCLAYS PLC - Change of Leadership


VIDEO/AUDIO

24th May 2016 Barclays CEO Staley on Performance, Economy, Markets

EVENTS

23rd Feb 2017 Full Year 2016 Results

LINKS

Regulatory News
Investor News
Press Releases
Social Media Channels

Barclays announces further Non-Core disposals: Sale of Wealth and Investment Management business in Singapore and Hong Kong to Bank of Singapore completes
28 Nov 2016 09:15

Barclays PLC today announces that it has completed the sale of its Wealth and Investment Management (WIM) business in Singapore and Hong Kong to Bank of Singapore Limited, the wholly-owned private banking subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC).

Barclays WIM in Singapore and Hong Kong, serving high net worth and ultra high net worth clients in those locations, was confirmed as no longer central to Barclays’ strategy in March 2016, and became part of Barclays Non-Core. The sale was announced in April 2016.

Barclays continues to operate Corporate and Investment Banking businesses in Singapore and Hong Kong.

Jes Staley, Barclays Group CEO said: “This is another example of the great progress we have made this year in Barclays Non-Core, as we aim to reduce risk weighted assets to £23 billion in 2017 and reintegrate the remainder of the unit back into the Group.

“I would like to thank those skilled and dedicated colleagues in Hong Kong and Singapore, who have moved to become part of Bank of Singapore, for their hard work for both Barclays and our Wealth clients in the region. I wish them great success in the future. Asia remains a crucial component of the Barclays business plan, and we continue to actively serve our clients across the region from our offices in Singapore, Hong Kong, China, India, and Japan.”

The purchase price, representing 1.75% of Barclays WIM Singapore and Hong Kong’s assets under management (AUM) on completion, was US$225 million. The transaction will result in a pro forma decrease in risk weighted assets of approximately £0.8 billion.

The majority of Barclays WIM clients in Singapore and Hong Kong transferred to Bank of Singapore on completion of the transaction. They will benefit from Bank of Singapore’s full product range which includes property and insurance financing, wealth planning, robust platform and advisory services, as well as OCBC Bank’s extensive commercial banking capabilities in the region.

Broker Forecast - Credit Suisse issues a broker note on Barclays PLC

BFN

Credit Suisse today initiates coverage of Barclays PLC (LON:BARC) with a outperform investment rating and price target of 260p.

Story provided by StockMarketWire.com

Barclays early Christmas gift to homebuyers and homemovers
30 Nov 2016 09:00

Key Highlights

•2 Year Fixed 75 per cent LTV reduced by 0.50bps to 1.89 per cent on a maximum loan £250,000

•5 Year Fixed 75 per cent LTV reduced by 0.50bps to 2.49 per cent on a maximum loan £250,000

•2 Year Fixed 80 per cent LTV new rate of 1.95 per cent on a maximum loan of £250,000

•5 Year Fixed 80 per cent LTV new rate of 2.69 per cent on a maximum loan of £250,000

•5 Year Fixed 60 per cent LTV reduced by 0.10bps to 1.89 per cent on a maximum loan £1m

•5 Year Fixed 80 per cent LTV reduced by 0.41bps to 1.83 per cent on a maximum loan £1.5m (Rate Switch & Further Advances only)

With Christmas just weeks away, Barclays has today announced some significant mortgage rate cuts along with the launch of some highly competitive new products designed to save customers money on their monthly mortgage payments.

Craig Calder, Director of Barclays Mortgages said: “Christmas is almost upon us and we want to help households and landlords save money during this typically expensive time of the year with the launch of some of Barclays lowest residential remortgage rates.

“Homebuyers seeking a short to medium fixed rate term can choose a 2 or 5 year fixed rate available with either a 75 per cent or 80 per cent LTV with no product fee, £250 cashback and free valuations on properties up to £2m. Landlords will also be able to reduce their monthly outgoings too with reductions to our Buy-To-Let range.

“In addition to these rate reductions, customers will achieve further savings by benefitting from free standard legal work for those choosing to remortgage.”

A summary of the full changes is detailed below.
****See Link Below***

Barclays announces changes to Canary Wharf property
06 Dec 2016 08:29

Barclays has agreed to assign its lease interests in its 10 South Colonnade (10SC) site in London to the Cabinet Office as part of its continued strategy to reduce costs

The 540,000 square foot site is located in Canary Wharf, where Barclays currently occupies two additional buildings – the bank’s global headquarters at 1 Churchill Place and 5 North Colonnade. Barclays occupies two leases on the 10SC site, both of which are due to expire in 2032. It is anticipated that the handover of the building will be completed by the end of 2017. No employees will lose their job as a result of this announcement.

Barclays will exit the 10SC site on a phased basis, with all colleagues moving to Barclays’ existing sites in Canary Wharf. The exit of the site will result in an annual cost saving of £35m once complete.

Barclays Non-Core: Barclays announces agreement to sell French retail, and wealth and investment management business
12 Dec 2016 07:55


Barclays has today announced that it has signed an agreement with AnaCap Financial Partners for the sale of its French Retail Banking business.

The sale includes the network of 74 retail branches, a life insurance business, wealth and investment management, and brokerage operations. This follows the completion of a mandatory consultation period with our employees’ representatives which began in May. All employees of the French retail, and wealth and investment management business will become part of AnaCap’s portfolio of companies following completion.

This agreement does not include Barclays’ corporate and investment banking businesses in France. Barclays will continue to operate corporate and investment banking in France.

On completion, the transaction is expected to result in a reduction in risk weighted assets of approximately £0.5bn and annualised Non-core costs by £130m. Completion is subject to regulatory approvals, and is currently expected to occur by Q2 2017.

Commenting on the agreement, Jes Staley, Barclays Group Chief Executive, said: “I am pleased that we have reached today’s agreement with AnaCap Financial Partners for the sale of our French retail and wealth and investment management operations. This is another positive step in reducing our Non-Core unit, creating a more focused, simpler Barclays, and thereby releasing the strong performance of our core business. The agreement to sell our French business completes Barclays’ exit from retail banking in continental Europe.

“The business in France is an attractive one, with a strong customer base and proposition, but it is no longer central to our strategy.  I wish the business well under new ownership and success for our dedicated colleagues who will become part of AnaCap’s portfolio of companies following completion.”

AnaCap is a specialist European financial services private equity firm. Its banking investments comprise Aldermore in the UK, MeDirect in Belgium; Mediterranean Bank in Malta; Equa bank in the Czech Republic; and FM Bank in Poland – recently rebranded as Nest Bank. In addition, the acquisition would mark the firm’s second French investment, following the buyout of AssurOne Group, a leading digital insurance broker, in 2014.

In the coming months, Barclays Retail Banking and Wealth in France will keep its customers updated about the transaction, supported by Barclays Bank PLC which is fully committed to servicing customers as normal until completion of the transaction. Barclays Bank PLC will also work to ensure an orderly transition of services and colleagues to AnaCap.

New mobile business lending service to help unlock £34bn economic opportunity for the UK
05 Jan 2017 00:01

•Opportunity to unlock £34.25bn of growth from UK Small and Medium Enterprises (SMEs) by 2021

•This equates to 194,000 jobs, with opportunities concentrated in retail, professional services and manufacturing

•Successful credit applications by small businesses reach highest proportion since records began, but still 30 per cent of SMEs choose not to apply for a loan

•New service on Barclays Mobile Banking app reduces time to secure a loan to under an hour 

As new research uncovers a £34bn economic opportunity waiting to be unlocked from Britain’s SMEs by 2021, Barclays has launched a mobile business lending service capable of providing instant loans to businesses. 
 
Though almost a third of British SMEs are not planning on applying for a loan despite acknowledging it would boost their business, the research shows that 64% of SMEs’ turnover would increase if they successfully secured the right loan, which could generate nearly 200,000 new jobs for Britain over the next four years.
 
In response, Barclays has created mobile loans for businesses, making SME loans and overdrafts instantly available to its client base through the Barclays Mobile Banking app. Barclays is the first UK bank to offer the service, which radically reduces the time taken to get a loan from a matter of weeks to under an hour.
 
The research found that:

•30% of SMEs have decided not to apply for a loan despite thinking it would boost their business.  The figure rises to 39% for small businesses specifically. 
 
•SMEs who have applied for funding expect the lending process to take at least five weeks, whereas for many the funds are now available on their mobile, pre-assessed, so they can access funding within one hour.  

•Removing the myth that banks don’t want to lend by making loans and overdrafts available instantly on smartphones could deliver an economic boost of 106 new jobs per day (+194,000 jobs by 2021) and £34.25bn of economic growth by 2021.

•In terms of the impact of new loans, manufacturing and professional services sectors should expect to benefit from the biggest economic boost by 2021, achieving an additional £1.18 billion and £1.11 billion each year, respectively.

•Business owners in Yorkshire and Humberside are the most concerned, of any region, about getting their applications right when applying for funding in the future.
 
Ian Rand, CEO of Business Banking at Barclays, said: “We recognise that some businesses are cautious about applying for a loan, whilst many more simply do not have the time.
 
“Our new, pre-assessed lending gives customers the ability to see how much they could borrow on their mobile and we can get that money to them more quickly than ever so they can invest in and focus on running their businesses.”
 
Brexit presents new reasons to lend
 
The research also found that one in five SMEs believe Brexit is impacting their current or future funding requirements. Of those, the most common reasons cited were a need to start exporting to new, non-EU markets, Brexit economic uncertainty and a need to replace current employees who are EU citizens. A further one in ten (12 per cent) SMEs did not know whether they would be impacted by Brexit.
 
However, a quarter (24 per cent) of SMEs believe it will be harder to secure a loan in 2017, with Brexit causing economic/political uncertainty and global economic uncertainty cited as the main reasons.
 
Ian Rand continued: “Since the EU Referendum our appetite for lending has not diminished and we continue to lend to an SME in the UK every four minutes. We want to help SMEs be confident in their future business plans, including looking at new opportunities to export. We are particularly determined to reach out to those businesses who believe lending will be more difficult next year to see where we can help.”
 
Tyrone McAndrew is founder of Eco-Sparks Ltd http://ecosparks.co.uk/ a leading electrical and energy saving specialist contractor serving Hampshire and West Sussex. Last week he applied for an extended overdraft with Barclays:
 
“I needed an overdraft because we are looking to expand our business, buy additional advertising and take on a new person. In a trade like ours you sometimes don’t get paid for one or two months which means cash flow is really important, so having the overdraft facility is really helpful for buying materials.
 
“Having made the application I was sent a secure document in my Barclays Mobile Banking app, and confirmed the new overdraft with my e-signature. I then had access to the funds ten minutes later. I’ve always banked with Barclays and they’ve always been really good.”

I hold these, but there appears to me to be one or more flies in the ointment.

http://www.telegraph.co.uk/business/2016/12/23/barclays-chief-preparing-take-stand-against-us-regulators-unduly/

Don't know.

PS

Have a look at AZM and IRV which look promising, IRV fly is :

http://www.moneyam.com/action/news/showArticle?id=5449219

But this maybe already rolled into the price.

I hope so.