barclays will ge coming out with trading update on 07.05.2009 It is expected to report profits higher than market expectations.

A good Buy Medium to Long term

Barclays bank chief Antony Jenkins to waive bonus

1 February 2013 Last updated at 15:57

The chief executive of Barclays bank, Antony Jenkins, is to waive his bonus for last year.

He said it would be wrong for him to receive a bonus, given what had been a "difficult" year for Barclays.

It is thought Mr Jenkins was in line to receive about £1m of a potential maximum entitlement of £2.75m.

Mr Jenkins took over as chief executive last August, just as Barclays was being rocked over mis-selling scandals and other issues.

He said in a statement: "To avoid further unnecessary public debate on this matter, I wish to make clear that I concluded early this week that I do not wish to be considered for a bonus award for 2012 and I have communicated that decision to the board.

"The year just past was clearly a very difficult one for Barclays and its stakeholders, with multiple issues of our own making besetting the bank.

05-Feb-13 Barclays
BARC Morgan Stanley Overweight 295.10p 386.00p 386.00p Reiteration

07-Feb-13 Barclays
BARC Investec Securities Buy 295.65p 320.00p 320.00p Reiteration
07-Feb-13 Barclays
BARC Bank of America Buy 295.65p 375.00p 375.00p Reiteration


I would have guessed 400p. Worth a look.

Quite a scathing Panorama documentary on last night.


Barclays CEO set to cut jobs, costs in overhaul plan

LONDON | Tue Feb 12, 2013 1:44am GMT

(Reuters) - Barclays' new boss is expected to shrink his investment banking and European operations and stop activities that could damage the troubled British bank's reputation as part of a revival plan to be unveiled on Tuesday.

Chief Executive Antony Jenkins, a retail banker who was picked at the end of August to run the bank after a string of problems, is expected to tell investors he will cut some business lines and axe about 2,000 investment bank jobs to slash up to 2 billion pounds of annual costs.

He will also promise profound change in standards and culture, criticised as too lax after a $450 million (287.3 million pounds) fine for rigging Libor, the mis-selling of products to millions of customers and investigations into whether Barclays provided enough disclosure in fundraisings from Middle East investors.

Final Results

Outcome of Strategic Review & Commitments for 2015

Pretty good numbers, market seems to like them, share price up 12p

Obviously greed is still good!

up 4%

340 and 380 look to be long term resistance areas.

14-Feb-13 Barclays
BARC Deutsche Buy 322.30p 360.00p 380.00p Reiteration
14-Feb-13 Barclays
BARC Investec Securities Hold 322.30p 320.00p 340.00p DownGrade

Skinny - how did you add those circles to the chart ?

Joking apart -

1) I save the chart to my PC.

2) add the circle, lines or whatever in paint.

3) Then I upload the finished image to photobucket, and from there post the URL onto here.

Its very, very straight forward.

I thought there may have been a facility within Moneyam

Not that I know of, AFN have a method of doing it, but I find it much easier in the way that I've outlined above.

compass was a funny one tho lol

Broker Up/Downgrades
Date Broker Name Recommend Price Old Target New Target Broker Change
15-Feb-13 Barclays Overweight 428.00p 470.00p 490.00p Reiteration

"The magnitude of Barclays’ projected operational improvement […] exposes the group to significant execution risk," Goldman said.

"execution risk" Seriously, what does that mean, large share dumping?

Stan,

It means that they don't know.

It strikes me at the moment the Targets and Fundamental projections are as valuable as blowing in the wind.

Have a look at some targets and they vary from sell to buy.

I deserve a pint sometime!

BARC Numis Buy 296.60 297.00 351.00 400.00 Upgrades

Oriel Securities Buy 317.63 - 380.00 Upgrades