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Barclays PLC-News & Media Reports (BARC)     

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

banjomick - 29 Feb 2016 08:10 - 42 of 111

28 February 2016

Barclays PLC


Barclays PLC notes the recent press speculation regarding a potential sale of its shareholding in Barclays Africa Group Limited ("BAGL").


The Board continues to evaluate its strategic options in relation to its BAGL shareholding and expects to update the market at the time of its 2015 Full Year Results Announcement on 1 March 2016.

http://www.moneyam.com/action/news/showArticle?id=5222028

banjomick - 01 Mar 2016 08:36 - 43 of 111

Barclays PLC
01 March 2016

Annual Financial Report

http://www.moneyam.com/action/news/showArticle?id=5223358



Final Results


http://www.moneyam.com/action/news/showArticle?id=5223228

banjomick - 01 Mar 2016 09:04 - 44 of 111

Barclays chief executive: We must regain trust

Kamal Ahmed
Economics editor
1st March 2016

The chief executive of Barclays has told me that the bank needs to regain the trust of the public as he announced that profits had more than than halved in the final three months of 2015.

In his first interview since taking over at the bank in December, Mr Staley said that the core bank was performing well, but there was a lot of work to do "simplifying" the structure of the bank and improving conduct.

That restructuring will cost money, he said, and will lead to the dividend being cut for investors by more than half this year and in 2017.

The bonus pool will also be cut for senior executives, he said.

"We are working at Barclays to change conduct," Mr Staley told me. "I am truly dedicated that Barclays rests itself on the foundations of integrity and engenders trust from our clients, so the conduct issues will be a thing of the past.

"I do believe that trust is returning to our institution. But we will never rest, we are never done. We have to focus on building that trust every day."

He refused to repeat the pledge made by the bank's chairman, John McFarlane, last year that the bank's share price would double in three years.

The bank's share price has fallen 40% since the middle of last year. Mr Staley said he believed the market would respond positively to the simplification plans announced today.

On pay, Mr Staley said he wanted to pay "competitively" but he understood the public's concerns.

"In the last four years, Barclays' bonus pool has been cut in half," he said.

"But remember, we need to pay competitively, whether it's the branch manager in Manchester or the banker in New York."

He said that Barclays would look to sell the majority of its Africa business, largely ending a historic relationship that goes back over 100 years.

"In the last three months we've had to make some very difficult decisions. We've pulled the investment bank back from nine emerging economies," Mr Staley said.

"On top of that we have made a very challenging decision to sell our position in Barclays Africa.

"The reality is, in this new regulatory environment, we carry 100% of the liabilities but we only own 62% of Barclays Africa.

"It truncated possible returns from investing in Africa.

"We have to take difficult decisions if we're going to get Barclays into a focused, clear business model that generates returns for our shareholders."

Turning to Europe, Mr Staley said that it was better for Britain to remain in, rather than leave, the European Union.

"We believe staying in the EU is best for our consumers and corporate clients," he said.

"Having unfettered access to the great economies of Europe anchors some significant benefits for the UK."

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banjomick - 08 Mar 2016 13:42 - 45 of 111

From yesterday:

Barclays announces the appointment in London of Carlo Calabria as a Chairman, M&A EMEA within its Investment Bank
07 Mar 2016 11:00

LONDON, 07 March 2016 – Carlo Calabria joins Barclays from CMC Capital where he was a Founding Partner having established this business in 2012. In addition, eight other professionals from his team at CMC Capital, based in both London and Milan, will also be joining Barclays to work within the firm’s EMEA Banking team, including his partners Enrico Chiapparoli who will be joining the Industrials team to lead the coverage effort for the Automotive sector, and Stefano Soldi who will be joining the Power & Utilities team.

Carlo will work closely with Pier Luigi Colizzi, Head of M&A EMEA at Barclays, to further accelerate the strong momentum of the M&A team, focusing on the firm’s client relationships and leveraging Barclays’ strong position in both M&A and financing.

Commenting on the appointment, Crispin Osborne, Co-Head of Banking EMEA at Barclays said: “We are delighted that Carlo has joined Barclays, his senior client experience and proven track record will further help to drive the momentum of our EMEA Banking business. These appointments show the strength of our platform and our commitment to better help our clients achieve their goals.”

Previously Mr Calabria was Vice Chairman of Bank of America Merrill Lynch’s Global Corporate and Investment Banking Division, having also held other senior responsibilities including Chairman M&A, Head of International M&A and Financial Sponsors and Head of European M&A.

Enrico Chiapparoli was previously at CMC Capital and Bank of America Merrill Lynch with over 20 years of experience in investment banking in European Industrials, most recently as Chairman of EMEA Automotive and Head of Investment Banking Italy at Bank of America Merrill Lynch, prior to joining CMC Capital.

Stefano Soldi was previously at CMC Capital and Bank of America Merrill Lynch with over 15 years of experience in investment banking in the European Energy & Power industries.

Mr Calabria founded CMC Capital in 2012 to provide advice to European corporates on mergers, acquisitions; optimising capital structure; capital raising and bank debt restructuring.

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banjomick - 10 Mar 2016 13:09 - 46 of 111

Barclays CEO Jess Staley on Bank's Strategy(Video)
12:51 PM GMT
March 10, 2016

Barclays CEO Jess Staley discusses the bank's business strategy. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)

http://www.bloomberg.com/news/videos/2016-03-10/barclays-ceo-jess-staley-on-bank-s-strategy

Hodnett: A “Lot of Interest” For Barclays Africa (Video)
10:46 AM GMT
March 10, 2016

Barclays Africa Group Ltd. said there’s no lack of interest from buyers seeking a stake in South Africa’s third-largest lender as Barclays Plc prepares to reduce its 62.3 percent holding to less than 20 percent. The London-based bank’s shares won’t be “sold in the short term and a number of players will have a say in the process,” Barclays Africa Deputy Chief Executive Officer David Hodnett said in an interview in Johannesburg on Wednesday, without elaborating on who the buyers might be.

http://www.bloomberg.com/news/videos/2016-03-10/hodnett-a-lot-of-interest-from-buyers-for-barclays-africa

banjomick - 10 Mar 2016 13:30 - 47 of 111

ECB reveals surprise stimulus moves

The European Central Bank has cut its benchmark interest rate to 0% from 0.05% as part of a package of measures intended to boost the flagging eurozone economy.

The ECB will also expand its quantitative easing programme from €60bn to €80bn a month.

The scheme will now include the purchase of corporate bonds as well as government debt.

The bank has also decided to further cut the bank deposit rate.

It now stands at minus 0.4%, down from minus 0.3%, meaning that banks must pay more to deposit funds with the ECB.

The package of measures, including the decision to cut the benchmark interest rate, was more radical than investors had expected.

Stock markets rallied in response, with Frankfurt rising 2.2% and Paris jumping 2.5%.

Shares in European banks rose sharply, with Deutsche Bank rising 4.5%, Societe Generale adding 5.3%, Santander up 4.4% and Italy's UniCredit adding 6.8%.

Bigger bazooka

The euro fell 1% against the US dollar to $1.0863 and shed 0.5% against sterling, the yen and the Swiss franc.

John Hardy, head of currency strategy at Saxo Bank, said: "This was a much bigger bazooka than the market was expecting and shows the ECB trying to get ahead of the confidence curve after learning its lesson in December."

ECB president Mario Draghi will give a press conference in Frankfurt at 1330 GMT.

http://www.bbc.co.uk/news/business-35774629

Reuters

The Guardian

banjomick - 15 Mar 2016 23:24 - 48 of 111

Barclays CEO Staley Says He's Cut 6,000 Jobs in First 100 Days
Stephen Morris
March 15, 2016 — 1:14 PM GMT

Jes Staley said he’s eliminated more than 6,000 positions in his first 100 days in charge of Barclays Plc, after the new chief executive officer shrank the investment bank and exited countries from Brazil to the Philippines.

“We’ve now reduced the headcount by well-north of 6,000 people, so double what was done in the last four years in the first four months,” Staley, 59, said Tuesday at the Morgan Stanley Financials Conference in London. “On the day that I arrived at Barclays, we imposed a headcount freeze.”

Staley has moved to simplify Barclays after inheriting a bank that’s seen about 20 billion pounds ($28 billion) of profit in the past five years wiped out by misconduct charges. The CEO announced plans to step back from a century of operations in Africa, closed offices in seven countries in Asia, and pledged to sell-down the bank’s non-core assets faster.


The efforts haven’t boosted the stock. The shares have fallen 30 percent since Dec. 1 and trade at about 50 percent less than its book value, driven in part by Staley’s decision to slash the dividend in half for the next two years.

“Any management of a bank that is trading below its book value can’t sleep at night,” Staley said. “You, our shareholders, are saying that with the stock price at the current level, we are destroying value. So what Barclays has to be dedicated to is to produce the financial results that generate the confidence from the shareholder base.”

Once Barclays’s 62 percent stake in its African banking division has been sold down to less than 20 percent -- deconsolidating the unit from the bank’s balance sheet and freeing it from punitive capital requirements -- headcount will be reduce by another 44,000, Staley said. The company had 129,400 full-time equivalent employees at the end of 2015, down from 139,600 in 2013. That figure may not include contractors or some other workers.

Although returns at the investment bank are “not acceptable,’’ Staley said the business is “lean” and to cut risk-weighted assets at the division further would “threaten its ability to play in the top tier.” The unit’s return on equity was 5.6 percent in 2015 and was negative in the fourth quarter.


Since joining, Staley has hired several executives from his former employer JPMorgan Chase & Co. for his management team, including C.S. “Venkat” Venkatakrishnan as chief risk officer and Paul Compton as chief operating officer.

“One of the reasons we announced and recruited Paul Compton is that we need to very much focus on the core operations and technology expense at Barclays in our investment bank,” the CEO said Tuesday. “That will be one of the key instruments of getting the returns at the investment bank closer to the cost of capital.”

http://www.bloomberg.com/news/articles/2016-03-15/barclays-ceo-staley-says-he-s-cut-6-000-jobs-in-first-100-days

Stan - 16 Mar 2016 15:42 - 49 of 111

Black Rock Inc. go above 5%: http://www.moneyam.com/action/news/showArticle?id=5239777

Stan - 17 Mar 2016 09:10 - 50 of 111

Barclays is being sued by the former boss of Tullett Prebon over accusations that the bank failed to transfer hundreds of thousands pounds of the financier's money into his investment fund so that he missed out on a more than doubling in its value. Terry Smith, founder and chief executive of Fundsmith, which manages more than £5bn on behalf of himself and other investors, is claiming nearly £220,000 from Barclays for negligence after it took nearly three years to transfer money from a company controlled by him to buy additional units in the fund. - The Times

banjomick - 18 Mar 2016 10:06 - 51 of 111

18 March 2016
Barclays PLC

Notice of Annual General Meeting

Barclays announces that its 2016 Annual General Meeting will be held on Thursday, 28 April 2016 at 11.00am at the Royal Festival Hall, Southbank Centre, Belvedere Road, London, SE1 8XX.

In connection with this, the following documents have been posted or made available to shareholders today:

1. Notice of the 2016 Annual General Meeting ('AGM Notice'); and

2. Proxy forms for the 2016 Annual General Meeting.

The AGM Notice is also available online at home.barclays/agm

In accordance with Listing Rule 9.6.1, copies of the above documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do

Frits van Paasschen will not be standing for re-election at the 2016 Annual General Meeting and will be retiring from the Boards of Barclays PLC and Barclays Bank PLC with effect from the close of the Annual General Meeting on 28 April 2016. Commenting, Barclays Chairman John McFarlane said, "I should like to thank Frits for his support and diligence on the Board over the last three years".


http://www.moneyam.com/action/news/showArticle?id=5245276

banjomick - 01 Apr 2016 22:36 - 52 of 111

Accelerated rundown of Barclays Non Core continues: sale of Portuguese retail and insurance businesses completes
01 Apr 2016 10:13

Barclays Bank PLC (“Barclays”) has today completed the sale of its Retail Banking, Wealth and Investment Management and part of its Corporate Banking business in Portugal which serves small and medium-sized enterprises (the “Portuguese Businesses”) to Bankinter S.A. (“Bankinter”). It has also completed the sale of its insurance business in Portugal to Bankinter Seguros de Vida S.A. Seguros y Reaseguros (“Bankinter Vida”), which operates an insurance joint-venture with Mapfre S.A.

Jes Staley, Barclays Group CEO, said: “As I set out on 1 March, accelerating the closure of Non-Core is the key to creating a simpler, more focused Barclays, centred around a core business which is already delivering a greater than 10 per cent return on tangible equity today. I’m very pleased to say that today’s announcement takes us a step closer to that.”

Harry Harrison, Co-Head of Barclays Non-Core: “Completing the sale of Barclays’ retail, wealth, insurance and part of the corporate banking business in Portugal today demonstrates further progress towards our target of managing down Risk Weighted Assets in Barclays Non-Core to around £20bn by the end of 2017. The sale is also expected to reduce BNC annualised costs by £72m.”

Completion of this transaction is further progress towards completing the restructuring of Barclays. Between its creation in 2014 and the end of 2015, Barclays Non-Core RWAs were reduced from £110bn to £47bn. This transaction results in a further decrease in risk weighted assets of approximately £1.8bn.

The Portuguese businesses transferred to Bankinter and Bankinter Vida today comprise around 1,000 banking and insurance employees and 84 branches.

Barclays continues to operate Barclaycard, Investment Banking and multinational Corporate Banking in Portugal.

In 2015, Barclays sold its Spanish retail banking business and UK Secured Lending portfolio, and also signed agreements to sell both its Portuguese and Italian retail banks.

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CC - 05 Apr 2016 12:59 - 53 of 111

well surely 1.448 is a good price. Nothing makes sense to me any longer but I've taken a punt here

banjomick - 05 Apr 2016 19:32 - 54 of 111

5 April 2016
Barclays PLC

Publication of circular relating to the proposed sell down of shares in Barclays Africa Group Limited (“BAGL”)

https://www.home.barclays/content/dam/barclayspublic/docs/InvestorRelations/IRNewsPresentations/2016News/Important%20informationv2.pdf

banjomick - 08 Apr 2016 14:25 - 55 of 111

From yesterday:

Further Non-Core disposal
07 Apr 2016

Barclays has signed an agreement with Bank of Singapore Limited, the wholly-owned private banking subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC) to sell its Wealth and Investment Management business in Singapore and Hong Kong.

While an attractive business with strong growth potential, this Barclays WIM business, serving high net worth and ultra high net worth clients in Singapore and Hong Kong, was confirmed as no longer central to Barclays’ strategy and became part of Barclays Non-Core in March 2016.

Jes Staley, Barclays Group CEO, said: “On 1 March I announced we would accelerate the rundown of Barclays Non-Core, which is key to creating a simpler, more focused core bank. The sale of our Wealth and Investment Management business in Singapore and Hong Kong marks further progress in our aggressive pursuit of Non-Core cost and risk weighted asset reductions.”

The purchase price will be 1.75% of Barclays WIM Singapore and Hong Kong’s assets under management (AUM1) at the completion of the transaction. Based on Barclays WIM Singapore and Hong Kong’s AUM of US$18.3bn2 at 31 December 2015, the indicative purchase price will be US$320m3. The current estimate is that the transaction will result in a pro forma decrease in risk weighted assets of approximately US$1.3bn4 at completion.

Clients of Barclays WIM in Singapore and Hong Kong will become clients of Bank of Singapore upon completion of the transaction. Transferring clients will then benefit from Bank of Singapore’s full product range that 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. Barclays remains committed to providing its clients with a full level of service until the transfer occurs.

Akshaya Bhargava, CEO, Barclays Wealth, Entrepreneurs and Business Banking said: “We believe that in Bank of Singapore and its parent OCBC Bank we have found a buyer that satisfies our core criteria of maintaining a consistent service for our clients and that has the scope to integrate and enhance the careers of our colleagues. Our priority is supporting all our impacted colleagues and clients throughout this transition. I want to take this opportunity to thank our colleagues in the business we are selling for their hard work and professionalism, which has built strong client relationships over many years and has made this business so attractive to OCBC Bank.”

Samuel Tsien, Group CEO of OCBC Bank, said: “We see attractive value in Barclays’ strong and complementary private banking client base in Singapore and Hong Kong, as well as its experienced and service-oriented wealth management team. We look forward to welcoming the clients and colleagues from Barclays’ Wealth and Investment Management business in Singapore and Hong Kong into the OCBC family. We will ensure that the integration is smooth and that Bank of Singapore supports the needs of its new clients with a more expanded suite of products and network. And, equally importantly, the enlarged platform will support the continued career development of our new colleagues.”

The transaction is targeted to close by the end of the year subject to court approval of a Singapore statutory scheme of transfer.

The transaction has no impact on our existing Corporate and Investment Banking businesses in Asia.

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