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Barclays PLC-News & Media Reports (BARC)     

banjomick - 29 Oct 2015 07:47 - 22 of 111

Performance Highlights

Chairman's Review

"Today's results show another quarter of progress in our Core businesses alongside the early effects of some of the changes that we are making.

We are pleased that Jes Staley will join us on 1 December as Group Chief Executive Officer, earlier than expected, and we are in the final stage of appointing a Senior Independent Director and Deputy Chairman to replace Sir Mike Rake on his retirement from the Board in the near future.

As we align Barclays around our three priorities - focus on core (segments and markets), generating shareholder value, and instilling a high performance culture with strong ethical values - we now have a forward agenda that has been discussed and agreed with Mr. Staley.

We will update the market on our plans for structural reform after we have agreed them with the regulator.

Now that we have a new CEO in place, we will provide further updates on future direction at the full year results."

John McFarlane, Chairman

****************************************************

4% growth in Group adjusted profit before tax to £5,156m was achieved in the nine months to 30 September 2015, reflecting improvements in all Core operating businesses. Group adjusted return on average shareholders' equity increased to 7.1% (2014: 6.3%)

A 5% reduction in Group total adjusted operating expenses to £12,465m and a 4% reduction in operating expenses excluding costs to achieve to £11,926m were driven by savings from strategic cost programmes

Profit before tax in the Core business improved 7% to £6,005m with higher income and lower costs. Combined with the increase in average allocated equity of £6bn to £47bn, this resulted in a return on average equity for the Core business of 10.5% (2014: 10.5%) 

Rundown of the Non-Core business continued, with risk weighted assets (RWAs) decreasing to £55bn (30 June 2015: £57bn). The announced sale of the Portuguese retail business in Q315, due to be completed in Q116, is expected to result in a further £1.7bn reduction in Non-Core RWAs. Period end allocated equity reduced to £9bn

Group capital and leverage metrics remained above the 2016 targets, with the fully loaded common equity tier 1 (CET1) ratio at 11.1% (30 June 2015: 11.1%) and the leverage ratio increasing to 4.2% (30 June 2015: 4.1%)

Net tangible asset value per share increased to 289p (30 June 2015: 279p) driven by profit generated for the period and favourable reserve movements

Statutory profit before tax increased 7% to £3,975m, which reflected net losses on adjusting items of £1,181m (2014: £1,217m)


Significant Q315 adjusting items:

Additional provisions of £270m were made in Q315 relating to the settlement of two residential mortgage backed securities claims with the National Credit Union Administration and the settlement of certain legacy benchmark litigation, taking the total additional provisions for ongoing investigations and litigation including Foreign Exchange in 2015 to £1,070m (2014: £500m) 

Additional UK customer redress provisions of £290m were made in Q315 as a result of an internal review relating to rates provided to certain customers on foreign exchange transactions between 2005 and 2012, taking the total provisions for UK customer redress in 2015 to £1,322m (2014: £910m). No additional Performance Highlightsprovisions for PPI redress were made in Q315

A loss on sale of £201m was recognised in Q315 relating to the announced sale of the Portuguese retail business within Non-Core, which is due to complete in Q116. This is in addition to the loss of £118m recognised in H115 relating to the sale of the Spanish business

http://www.moneyam.com/action/news/showArticle?id=5141422

Also:

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banjomick - 29 Oct 2015 07:59 - 23 of 111

Barclays adj. pretax profits rise


Barclays reports 4% growth in group adjusted profit before tax to £5,156m in the nine months to 30 September, reflecting improvements in all core operating businesses.

Group adjusted return on average shareholders' equity increased to 7.1% (2014: 6.3%).

The group saw a 5% reduction in total adjusted operating expenses to £12,465m and a 4% reduction in operating expenses excluding costs to achieve to £11,926m were driven by savings from strategic cost programmes.

Profit before tax in the Core business improved 7% to £6,005m with higher income and lower costs. Combined with the increase in average allocated equity of £6bn to £47bn, this resulted in a return on average equity for the Core business of 10.5% (2014: 10.5%).

The rundown of the Non-Core business continued, with risk weighted assets (RWAs) decreasing to £55bn (30 June 2015: £57bn). The announced sale of the Portuguese retail business in Q315, due to be completed in Q116, is expected to result in a further £1.7bn reduction in Non-Core RWAs. Period end allocated equity reduced to £9bn.

Group capital and leverage metrics remained above the 2016 targets, with the fully loaded common equity tier 1 (CET1) ratio at 11.1% (30 June 2015: 11.1%) and the leverage ratio increasing to 4.2% (30 June 2015: 4.1%).

Net tangible asset value per share increased to 289p (30 June 2015: 279p) driven by profit generated for the period and favourable reserve movements. Statutory profit before tax increased 7% to £3,975m, which reflected net losses on adjusting items of £1,181m (2014: £1,217m).

Chairman John McFarlane said: "Today's results show another quarter of progress in our Core businesses alongside the early effects of some of the changes that we are making.

"We are pleased that Jes Staley will join us on 1 December as Group Chief Executive Officer, earlier than expected, and we are in the final stage of appointing a Senior Independent Director and Deputy Chairman to replace Sir Mike Rake on his retirement from the Board in the near future.

"As we align Barclays around our three priorities - focus on core (segments and markets), generating shareholder value, and instilling a high performance culture with strong ethical values - we now have a forward agenda that has been discussed and agreed with Mr. Staley.

"We will update the market on our plans for structural reform after we have agreed them with the regulator.

"Now that we have a new CEO in place, we will provide further updates on future direction at the full year results."


http://www.moneyam.com/action/news/showArticle?id=5141543

banjomick - 29 Oct 2015 17:05 - 24 of 111

Thursday, 5 November 2015 Ex-dividend date
Friday, 6 November 2015 Record date

https://www.home.barclays/barclays-investor-relations/shareholder-information/dividends.html

banjomick - 29 Oct 2015 22:35 - 25 of 111

Visa Nears $22 Billion Deal to Buy European Counterpart -- Update
By Dow Jones Business News, October 29, 2015, 05:45:00 PM EDT

Visa Inc. is close to clinching the biggest deal in its history--by buying a company named Visa.

The Foster City, Calif.-based payments network is in advanced negotiations to buy its European counterpart--Visa Europe--for about $22 billion in a deal that would unite Visa's global operations under one roof, according to people familiar with the matter.

Visa Inc., which has held sporadic talks over the years with Visa Europe, confirmed in recent months that it was moving ahead with negotiations and would try to finish the deal by the end of October. Analysts say that they expect a deal could be announced as soon as Monday when Visa releases its quarterly results.

Visa Inc., which usually reports its fiscal fourth-quarter earnings in late October, won't report results until Nov. 2, prompting some speculation that it will announce a deal then. In addition, the company usually announces its earnings after the close of the market, but is now planning to issue them in the morning, during Europe's afternoon.

Analysts are betting that both sides are motivated enough to close the transaction.

"This deal has come and gone many times, but it is hard to imagine, when they have come this far, what could happen to make either side walk away, " said Lisa Ellis, a payments analyst at Sanford C. Bernstein & Co.

Large deals valued at $10 billion or more have been rare for financial companies since the 2008 crisis and basically unheard of among the big credit-card networks, Visa, MasterCard Inc., American Express Co. and Discover Financial Services.

Visa's largest acquisition was its $2 billion deal to buy Cybersource, a provider of security services to online merchants, in 2010.

The purchase could have widespread implications for both Visa and MasterCard in Europe, where payments systems remain relatively fragmented.

Visa Inc.'s acquisition of Visa Europe is expected to serve as a trigger for both Visa and MasterCard to push European consumers and businesses toward electronic payments.

It would also likely invigorate the longtime rivalry between the two companies as they court the business of thousands of European financial firms that now own a majority stake of Visa Europe, according to analysts.

"It's pretty clear that the opportunities for MasterCard should outweigh any concerns" about enhanced competition from a unified Visa, said Darrin Peller, an analyst at Barclays Capital Inc.

A spokeswoman for Visa Inc. declined to comment on the timing of a deal.

"At this stage, there is no certainty about the outcome of those discussions, and Visa Europe remains focused on continuing to develop its business," said a spokeswoman for Visa Europe.

MasterCard already operates as a unified company around the world, and sees opportunity in a Visa change. MasterCard Chief Executive Officer Ajay Banga said Thursday morning on an earnings call that a unified Visa "will change the competitive landscape," but that the integration "will take some energy, effort and dedication."

The proceeds from any sale would come in handy for some European banks, many of which are dealing with financial struggles or varying levels of restructuring. Barclays PLC, the largest stakeholder in Visa Europe, stands to make more than GBP1 billion ($1.5 billion) in the deal, according to a person familiar with the planned transaction.

For years, Visa Inc. and Visa Europe operated under the same umbrella company called Visa International Service Association. That changed in 2007 when Visa's U.S. operations began moving from a bank-owned cooperative to a publicly traded company.

Visa's other operations around the world united under the name Visa Inc., but the European entity remained separate.

The companies however remained intertwined, sharing research and development, the Visa brand name, and other operations that let consumers use their cards without interruption around the world.

As part of its transition to a public company, Visa Inc. granted Visa Europe a put option that would force the U.S. entity to buy the European one in certain circumstances.

Analysts say Visa is well-positioned to buy its counterpart, helped by the strong U.S. dollar and the availability of cheap debt financing for any deal.

Analysts speculate that European financial firms ultimately will see higher rates once they no longer own the European Visa network. The financial firms pay the card networks for transactions.

Margot Patrick contributed to this article.

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banjomick - 02 Nov 2015 12:57 - 26 of 111

2 November 2015
Barclays PLC

Proposed acquisition of Visa Europe Limited by Visa Inc.

Barclays notes today's announcement by Visa Inc. regarding its proposed acquisition of Visa Europe Limited, subject to regulatory approvals. Barclays Bank PLC is a shareholder and member of Visa Europe.

As set out in the announcement by Visa Inc., upfront consideration receivable on completion will comprise cash and preferred stock convertible into Visa Inc. class A common stock. Additional deferred cash consideration may also be payable following the fourth anniversary of closing subject to an earn-out mechanism. The preferred stock and earn-out elements of the consideration are contingent upon certain factors. We currently expect to report a post-tax profit of approximately £0.4bn on completion of the transaction (expected to be in 2016).

http://www.moneyam.com/action/news/showArticle?id=5143983

banjomick - 05 Nov 2015 12:29 - 27 of 111

5 November 2015 (10:00)

Barclays PLC

Barclays PLC ("the Company") announces that on 4 November 2015 Jes Staley, CEO designate, notified Barclays that on 4 November 2015 he purchased 2,790,000 ordinary shares in the Company with a nominal value of 25 pence each ("the Shares"). The average market price of the Shares was £2.3300 per share and the place of trading was the London Stock Exchange.

Following this transaction, Jes Staley holds 2,790,000 Shares.

http://www.moneyam.com/action/news/showArticle?id=5147009

banjomick - 05 Nov 2015 16:27 - 28 of 111

Barclays Incoming CEO Staley Buys $10 Million of Bank's Shares
by Stephen Morris
November 5, 2015

.Staley buys 2,790,000 ordinary shares at 233 pence apiece


.CEO has requirement to hold four-times basic salary in stock


Barclays Plc’s incoming Chief Executive Officer Jes Staley bought 6.5 million pounds ($10 million) of shares to fulfill a requirement that top executives hold a sizable long-term stake in the company.

The CEO purchased 2,790,000 shares at Wednesday’s average price of 233 pence in his first acquisition of the bank’s stock before he takes over on Dec. 1, the London-based lender said in a statement Thursday. The CEO and Finance Director Tushar Morzaria have to hold at least four times their basic salary in stock to ensure their interests are aligned with investors, according to Joanne Walia, a company spokeswoman.

Staley, 58, was named the successor to Antony Jenkins on Oct. 28 with a mandate to continue cutting costs and shrink the investment bank at the U.K.’s second-biggest lender. Barclays has been struggling to boost investor returns as low economic growth, new regulations and misconduct fines eat into its profit.

Staley could earn as much as 8.25 million pounds a year at Barclays in total compensation, about 14 percent more than his predecessor Jenkins. He will receive fixed pay of 2.75 million pounds with a 1.2 million-pound basic salary. That means the CEO would have to hold at least 4.8 million pounds in bank stock within five years of taking the job, to comply by Barclays’s rules.

On top of fixed compensation, Staley could earn incentive pay of up to 5.5 million pounds, including a 2.2 million-pound bonus in cash and shares, and a long-term incentive plan that could reach 3.3 million pounds in shares paid three years later. Staley will also get 1.93 million pounds of Barclays stock to buy him out of his unvested share award at JPMorgan Chase & Co.

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banjomick - 06 Nov 2015 15:59 - 29 of 111

Barclays Christmas Survey 2015 reveals retailers all set for Christmas trading period to begin
05 Nov 2015 12:00

A record 77% of UK retailers are more confident about Christmas trading this year compared to last year, and 79% expect revenue to increase
•77% of UK retailers also say they will hold a Black Friday promotion, with 69% predicting sales will rise compared to Black Friday 2014; only 4% predict a fall
•The majority of retailers expect mobile to be the channel experiencing the biggest sales growth (56%)
•Click and collect expected to be the delivery channel with the biggest growth, experiencing a predicted 25% increase compared to 2014

New research from Barclays has revealed confidence is high in the retail sector as the Christmas period approaches. More than three quarters of retailers reported that they are more confident about Christmas trading this year (77%), and an even higher proportion (79%) expect revenue to increase, with 14% predicting their revenue will rise by more than 10%.

The Barclays Christmas Survey also examined the growing significance of Black Friday, the initiative imported from the USA, which sees significant discounts from many retailers on the fourth Friday in November. Black Friday has rapidly established itself as an annual fixture on the UK retail calendar and the survey reveals the extent to which it has made its mark in the UK. 77% of UK retailers plan to hold a Black Friday promotion this year, up from 73% last year, with 69% expecting sales to rise compared to Black Friday 2014, and only 4% of those surveyed anticipating a fall.


Link to full News Release:

http://www.newsroom.barclays.com/r/3258/barclays_christmas_survey_2015_reveals_retailers_all_set

banjomick - 09 Nov 2015 12:12 - 30 of 111

9 November 2015
Barclays PLC

Sir Gerry Grimstone appointed as a Director to succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman

Barclays PLC and Barclays Bank PLC ("Barclays") announce that Sir Gerry Grimstone has been appointed as a non-executive Director of Barclays with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman with effect from 1 January 2016.

Sir Michael Rake will step down as a Director at Barclays with effect from 31 December 2015.

Sir Gerry Grimstone has been Chairman of Standard Life plc since May 2007, having previously been appointed Deputy Chairman in March 2006. Sir Gerry is also an Independent Non-Executive Board Member of Deloitte LLP and the Lead Non‑Executive at the Ministry of Defence.

Previously, Sir Gerry spent 13 years with Schroders in London, Hong Kong and New York, and was Vice Chairman of Schroders' worldwide investment banking activities. Since then he has served on the boards of Bridgewell Group Limited, F&C Global Smaller Companies plc and more recently of Wilmington Capital Limited, Candover Investments plc and TheCityUK. He is also an Advisor to the Abu Dhabi Commercial Bank, which is one of the largest commercial banks in Abu Dhabi.

In addition he has held various positions in the public sector, including at the Department of Health and HM Treasury, and has served on the boards of commercial companies such as Aggregate Industries plc and Dairy Crest plc. He is also a member of the governing bodies of the Financial Services Trade and Investment Board and the Shareholder Executive.

Commenting, John McFarlane said, "I am delighted that Sir Gerry Grimstone has accepted the Board's invitation to join Barclays and to become Deputy Chairman and Senior Independent Director. Sir Gerry commands great respect within the financial services industry and will bring immense experience, integrity and knowledge to the role.

I would like to thank Sir Michael Rake on behalf of the Boards of Barclays PLC and Barclays Bank PLC for his dedicated service and commitment over eight years as a director, including being Senior Independent Director since October 2011 and Deputy Chairman since July 2012. His wise counsel and advice have been invaluable in helping Barclays steer its way through a challenging period for the sector. I am particularly grateful to Mike for successfully overseeing the appointment of a new Chief Executive in Jes Staley."

Sir Gerry Grimstone commented, "I am immensely looking forward to joining the Barclays Boards and to playing my part in delivering Barclays' strategic priorities. I am particularly looking forward to supporting John McFarlane and Jes Staley as they seek to complete the cultural transformation of Barclays and accelerate the delivery of sustainable shareholder returns."

Sir Michael Rake stated, "The last eight years have been an eventful and difficult period for the banking industry. However, Barclays is emerging in a stronger position and I am very confident that it will succeed and prosper under its new leadership. I wish it well for the future."

There are no other details that are required to be disclosed in respect of Sir Gerry Grimstone's appointment under Paragraph 9.6.13 of the Listing Rules of the UK Listing Authority save as disclosed in this announcement.

http://www.moneyam.com/action/news/showArticle?id=5149077

banjomick - 17 Nov 2015 09:36 - 31 of 111

Barclays picks new chief operating officer for investment bank
By Steve Slater
Tue Nov 17, 2015 9:09am GMT


Barclays Plc (BARC.L) has promoted the head of its macro markets business to chief operating officer (COO) of its investment bank, tasked with accelerating the restructuring of the business.

The London-based bank has appointed Mike Bagguley as COO for the investment bank with immediate effect, reporting to investment bank chief executive Tom King, according to a memo sent to staff by King and seen by Reuters.

Barclays is slimming down its investment bank to try to cut costs and improve profitability, and King said Bagguley would aim to accelerate delivery of that strategy.

He will also seek to align infrastructure functions and help coordinate and deliver projects and join the investment bank's executive committee, King said.

"Our recent third-quarter results further validate the strategic choices we made last year but there is more to do," King told staff in the memo.

Bagguley has overseen the reduction and reshaping of the macro business, which includes interest rates, foreign exchange and commodities products, as trading revenues across the industry have fallen and tougher regulation hit profitability.

Barclays is one of several banks, including Deutsche Bank (DBKGn.DE) and UBS (UBSG.VX), to cut back trading activities and put more focus on areas that have been less hurt by regulation, such as equities and advisory.

Bagguley joined Barclays in 2001 on the fixed income trading desk in London and has held senior roles in Tokyo, London, New York and Johannesburg.

King said Rob Bogucki and Nat Tyce, co-heads of macro trading, and Kashif Zafar, head of macro distribution, would jointly lead the bank's macro products business.

The investment bank has not had a chief operating officer since Justin Bull left in April.

http://uk.reuters.com/article/2015/11/17/uk-barclays-investmentbank-coo-idUKKCN0T60SU20151117

banjomick - 01 Dec 2015 08:01 - 32 of 111

01 December 2015
Barclays PLC
Barclays Bank PLC

Barclays passes 2015 BoE stress test


Barclays PLC and Barclays Bank PLC ("Barclays") note the publication today of stress test outcomes for UK banks by the Bank of England ("BoE"). Under the BoE's assessment of the effects of the modelled adverse stress scenario, Barclays' minimum stressed Common Equity Tier 1 ("CET1") ratio over the period 2015-19 was 7.3% after the impact of strategic management actions.


The minimum stressed CET1 ratio before the impact of strategic management actions of 6.8% exceeded the 4.5% minimum threshold by a significant margin. Given the impact of strategic management actions, conversion of AT1 securities is not triggered in the stress scenario.

Barclays reported a 10.2% PRA Transitional CET1 ratio as at 31 December 2014, which was the starting point for the stress test modelling. This had increased to 11.1% as at 30 September 2015. Barclays continues to target an end state fully loaded CET1 ratio of greater than 12%.


The minimum stressed Tier 1 leverage ratio was calculated at 3.3% after management actions and 3.2% before management actions, both above the 3.0% minimum threshold. Barclays reported a 3.7% Tier 1 leverage ratio as at 31 December 2014, which was the starting point for the stress test modelling. This had increased to 4.2% as at 30 September 2015.



The full year results for 2015 and the Annual Report will be published on 1 March 2016.



The BoE stress test results for UK banks can be found on the BoE website at http://www.bankofengland.co.uk/financialstability/Pages/fpc/stresstest.aspx and Barclays' results are summarised below.


SEE LINK BELOW:

http://www.moneyam.com/action/news/showArticle?id=5164559



banjomick - 03 Dec 2015 07:47 - 33 of 111

3 December 2015

Barclays PLC

Barclays announces further Non-Core disposals


Barclays PLC ("Barclays") has today agreed to sell its Italian Retail Banking network of 89 branches, including a broadly balanced portfolio of assets and liabilities, to CheBanca!, a member of the Mediobanca Group.

Barclays will continue to operate investment banking and corporate banking in Italy. It will also continue to manage the remaining retail mortgage portfolio.

The financial impacts of this transaction on Barclays are dependent, among other things, on the balance sheet of the business at completion of the transaction and foreign exchange movements up to completion. The current estimate is that the transaction will result in a 30 September 2015 pro forma decrease in risk weighted assets of approximately £0.8bn on completion, along with a loss after tax of approximately £200m, which will be booked in Q4 2015. The total impact of the transaction once completed is expected to result in a small decrease in Barclays' CET1 ratio and tangible net asset value.

Completion is subject to, among other things, regulatory approvals, and is expected to occur in Q2 2016.


Jes Staley, Barclays Group Chief Executive Officer, said:
"This transaction is further evidence of the re-shaping of Barclays Group to focus on our Core businesses. We continue to make progress in the reduction of Barclays Non-Core as we target risk weighted assets of around £20bn at the end of 2017.

"I want to take this opportunity to thank our Italian colleagues in the businesses we are selling for their hard work and professionalism which has built strong customer and client relationships over many years and has made these businesses so attractive to CheBanca!. We are committed to making the transfer to CheBanca! a smooth one for our customers and colleagues."

Barclays Investment Bank and Lazard acted as financial advisers to Barclays on this transaction.

http://www.moneyam.com/action/news/showArticle?id=5166874

banjomick - 16 Dec 2015 22:01 - 34 of 111

16 December 2015
Barclays PLC

Barclays announces sale of Risk Analytics and Index Solutions business to Bloomberg

Barclays PLC ("Barclays") has today agreed to sell Barclays Risk Analytics and Index Solutions Ltd. ("BRAIS") to Bloomberg L.P. ("Bloomberg") for approximately £520m(1).


BRAIS incorporates Barclays' benchmark indices, including the Barclays Aggregate family of indices. The transaction includes the sale of relevant intellectual property in relation to the POINT portfolio analytics tool. Barclays has agreed to continue to operate POINT for 18 months post completion in order to help clients transition to other providers, including Bloomberg's PORT product. Barclays will retain its quantitative investment strategy index business, with calculation and maintenance of its strategy indices outsourced to Bloomberg.


The pre-tax gain to be recognised on completion of the transaction is expected to be approximately £480m and is estimated to result in a proforma increase of c.10 bps on the 30 September 2015 CET1 ratio. Given the nature of the BRAIS business, it will have a negligible impact on RWAs.


Completion is subject to various conditions, including anti-trust approval, and is expected to occur by mid-2016.


Jes Staley, Barclays Group CEO, said: "We are pleased to partner closely with Bloomberg upon completion of the transaction, including maintaining a co-branding arrangement on the benchmark indices for an initial term of five years.


"This transaction is further evidence of the good work we are doing in managing down our Non-Core assets so that shareholders can feel the full benefit of ownership of Barclays' well-performing Core businesses."

(1) $790m at USD/GBP rate of 1.52


http://www.moneyam.com/action/news/showArticle?id=5176250

banjomick - 13 Jan 2016 10:15 - 35 of 111

General interest

Barclays announces new commitment to exports in industry leading UKTI partnership
13 Jan 2016

Bank pledges to help 15,000 businesses export in the next five years, to support HM Government’s export drive

Barclays has joined forces with UK Trade & Investment as a lead partner to broaden, deepen and sharpen efforts to help further develop international trade and inward investment for UK businesses.

The two organisations have agreed key priorities and targets across UK trade and investment which they will work together to deliver in seven focus areas.

John Winter, CEO of Barclays Corporate banking said: “Supporting UK enterprise and helping businesses of all sizes to expand and grow is something we are passionate about. We provide expert help to UK businesses in accessing new markets, expanding overseas, and achieving their growth objectives around the globe. Providing our clients with the tools, guidance and finance to encourage and stimulate their exporting ambitions in turn supports the wider UK economy.”


Lord Maude of Horsham, Minister for Trade & Investment, said: “Government and private sector co-operation is at the heart of our approach to increasing UK exports. Working together we can create a more vibrant export support marketplace to help small and medium sized businesses to flourish and grow.”


Dr Catherine Raines, Chief Executive of UK Trade & Investment, said:
“I am delighted we will be working together with Barclays, which will lead to 15,000 more companies working abroad in 2020. Pooling our professional advice for companies is a powerful offer and will increase the amount of support for exporters available.”

The seven key areas of focus for joint working between Barclays & UKTI are:

1.Development of Digital Products and capability – through digital transformation of systems, staff training and development of digital products to support businesses exporting.
2.Increase the number of first time exporters – a pledge to support 15,000 businesses exporting for the first time or those returning to exports by 2020.
3.Increase exports by Medium Sized and High Growth Businesses – through trade missions, export summits and at UKTI Export Week. A UKTI MSB adviser will be available to Barclays clients for support, while Barclays and UKTI also pledge to support high growth businesses by exploring propositions to help their specific trade ambitions.
4.Winning of overseas High Value Opportunities and sector development – Barclays and UKTI sector and project finance teams will exchange information and collaboratively support networking between UK Medium Sized Businesses (MSB) and Prime Contractors to aid the formation of UK supply chains for High Value Opportunities overseas, in addition to improvements in the response to HVOs, to increase UK export success.
5.Increase trade with Africa – identifying opportunities with targeted trade programmes. Barclays has identified a £3.6bn export opportunity for UK businesses by 2020, up from £1.2bn currently for the five African Sleeping Giant countries. Total consumer spending in Sub-Saharan African countries is expected to grow by 4- 5% over the next 5-10 years.
6.Encourage inward investment from priority overseas markets – Raise awareness of UK as an investment destination through Barclays global reach and UKTI networks
7.Drive exports through marketing, initiatives & events – UKTI and Barclays will work closely to promote the Exporting is Great campaign.

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black bird - 14 Jan 2016 09:10 - 36 of 111

dividend above 6.50 to move s/p up. i am unable to see it,through data to much of it,, results feb slim chance of divi rise, hold long reluctant to sell. @
195 14-1-16 BB

banjomick - 18 Jan 2016 12:36 - 37 of 111

General interest

Barclays launches new digital cash collection service for businesses
18 Jan 2016

•New ‘Barclays Collect’ service is driving innovation for business cash collection

•Customers can book their collection online from mobile or desktop

•Businesses can book cash collection straight from their door rather than travelling to a branch

Barclays is launching a new cash collection service ‘Barclays Collect’ for business customers and corporate clients which will save time for hard working businesses across the country, with the service collecting straight from their door.

The new service offers customers a security vehicle to transport their deposits for them and allows customers to book a collection time online from either their mobile or desktop, which is both convenient and saves time.

For each single cash collection of £5,000 and above the service will be free, while there will be a charge of £7.50 plus VAT for collections between £2,500-£4,999.99 and below £2,500 there will be a charge of £15 plus VAT per collection, in addition to cancellation charges and standard processing fees*.

The pilot is currently underway for Barclays business and corporate customers in Birmingham, Manchester, Enfield and Leeds Bradford, before the bank plans to roll it out to all UK regions in 2016 following the outcome of the pilot.

Customers can schedule a recurring time or schedule a one-off collection. An easy to follow security checklist guides customers through the collection requirements and gives them the confidence that their money will be delivered and processed safely.

Gavin Isle, Head of Business and Corporate Banking at Barclays commented: “Traditionally small businesses have had to take precious time out of their working day to travel to a branch and make their cash deposits. The new Barclays Collect service is a solution that will enable customers to book a collection quickly and securely, providing businesses with a simple and convenient service that works around them. This service will also support larger businesses with their cash management needs.

“We’re passionate about helping businesses and providing innovative solutions for our clients. In addition to time saved, this service provides security for business owners and their staff and with the peace of mind that takings will be in their account the next working day. We’re proud that our investment in digital banking means that we’re leaving no business behind.”

Business owner Ben Luk of New Harvest Wholesale LTD, commented: “The main benefit of Barclays Collect is the convenience factor. We used to visit the bank three times a week and it was a struggle finding the time with all the other demands of running a business. It is simple to arrange the collections using the online booking system, they have arrived on time and collection itself now takes under 30 seconds. It is very reassuring to know the cash is now being securely transferred into my account.”

The launch of Barclays Collect, supporting businesses and corporates with their cash deposit management, follows Barclays’ announcement to widen its mobile cheque payments to business customers after a successful pilot.

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banjomick - 21 Jan 2016 22:27 - 38 of 111

Barclays Announces Initiatives in the Investment Bank
21 Jan 2016 14:40

Barclays PLC ("Barclays") has today announced several initiatives within its Investment Bank which build on its existing strategy.


The Investment Bank will continue to focus on its two home markets in the UK and US and to develop its global franchise, building on areas of competitive advantage and the strength of its client relationships internationally, while exiting certain product lines. We will close offices in nine countries across Asia, the Americas and EMEA. In Asia, we will continue to provide expertise and resources to clients who have cross-border requirements from offices in China, Hong Kong SAR, Singapore, Japan and India.

Barclays will report its full year results for the year ended 31 December 2015 on 1 March 2016. For this period, Barclays expects to report Investment Bank income broadly flat on the prior year.

Jes Staley commented: "With these actions, we are accelerating the Investment Bank strategy outlined in 2014, focusing on its core strengths and running the business for returns. We continue to build on the business's dual home markets in the UK and US and remain committed to a strong presence in Asia and EMEA, consistent with operating a leading global investment bank within the Barclays Group".

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banjomick - 09 Feb 2016 10:26 - 39 of 111

1st March 2016

2015 Full Year Results and Audited Annual Report


Timetable

7:00am (UK time): Publication of 2015 Full Year Results

9:30am (UK time): Analyst and Investor Presentation hosted by Jes Staley, Group Chief Executive and Tushar Morzaria, Group Finance Director

3.00pm (UK time): Fixed Income conference call and webcast hosted by Tushar Morzaria, Group Finance Director and Dan Hodge, Treasurer

2015 Full Year Results webcast registration (via link at BOP)

2015 Full Year Results Fixed Income webcast registration (via link at BOP)

https://www.home.barclays/barclays-investor-relations/results-and-reports/financial-calendar.html

Stan - 17 Feb 2016 16:40 - 40 of 111

Another rewarding payout from short term trading on this one chaps.. assuming the market co-operates of course.

TANKER - 22 Feb 2016 14:24 - 41 of 111

next Tuesday will tell all we hope its good
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