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

UBS broker note today:
"Post Q3, we have modestly upgraded our full year estimates (+2%) but subsequent years are broadly unchanged. While we exclude the pension fund deficit and value of own credit from Barclays reported tangible book value as our basis for valuation, a higher start point here has led to a modestly higher price target (215p from 208p) but the more modest upside leads us to reduce our rating to Neutral.
We expect 2012 to be a similar year to 2011 for BarCap. A consequence of this is that we expect a more balanced source of earnings with BarCap c.44% of group PBT in 2012. Moreover, we note that the trends within the Retail/Commercial business were positive in Q3 in that income increased by c.100m in both the UK Retail Bank and Barclaycard but impairment in both divisions was below Q2 levels.
The near 3bn gain on own credit has lifted the gross gains on own credit on the balance sheet to c.3.8bn equivalent to near 30p per share. This is included in NAV but excluded from CT1. The BlackRock stake has been marked to the September end valuation of $148 per share versus the current price of $162 ahead of the lock-up expiry on Dec 1st. Gains will be a positive AFS and enhance book but not CT1. We also estimate that the pension fund deficit is c.3bn or 25p/share.
Our Barclays price target of 215p is derived from Dec-11E TBV, adjusted for the own credit gain and pension fund deficit with a haircut applied for regulatory risk.

good news continues - bouncing - breaking news boot the fool out - get yer barc b4 the bounce yeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaa................................

1 November 2011 Last updated at 13:14 Share this pageEmail Print Share this page

.Greek PM Papandreou faces party revolt over bailout Continue reading the main story
Global EconomyEuro deal at a glance
Six leading members of Greece's governing Pasok party have called on Prime Minister George Papandreou to resign, the day after he called a referendum on the proposed EU bailout.

One MP has defected from Pasok, cutting Mr Papandreou's parliamentary majority to two seats - 152 out of 300 - ahead of a confidence vote on Friday.

The opposition has called for early elections, saying the referendum jeopardises Greece's EU membership.

European markets have fallen sharply.

Last week, eurozone leaders agreed on a 100bn-euro loan (86bn; $140bn) to Athens and a 50% debt write-off.

http://www.bbc.co.uk/news/world-europe-15538809

yeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

bouncing...........................

& roll on tomorrow!! blue is the colour!!!

auction

panic over for the day LOL!!

very good volumes - heavy on the buys - no reason at the moment for there not to be a blue finish!! see how it goes LOL

certainly 180 +

lol.

double lol - 180 breached!! what a great day - thanks barcs and to all the nervous investors - fantastic!!

greeks or no greeks why sell one of the best banks available? let the greeks swim in their own turds! lol! they made there own mess again - goes back centuries!!!

looking fwd to the last hour - i would not wanna be outta barc tonight!!!

Did Tanker make you his deputy while he is away ? :-)

not sure how to take that skinny lol :-)))

however not long to last hour and going strong

btw - you are not greek are you - no offence meant btw?! lol :-))))

No, but I do like some of their cheeses and beaches.

More posts off gibby today than Tanker in the last two weeks...yarn

agreed skinny

apologies markymar - had a good day and got a bit carried away

see what tomorrow brings

gibby..............Am glad someone had a good day my feet are killing me in my clogs

cheers marky - sorry to hear about the clogs - i know what that is like!! lol

have a good one

In auction.

RNS Number : 9114R

Barclays PLC

11 November 2011

11 November 2011

Barclays announces sale of Barclays Private Equity to its management team

Barclays Bank PLC ("Barclays") has agreed to sell the management company and associated companies forming Barclays Capital's management buy-out business, Barclays Private Equity, to its management team who are re-launching the business as Equistone Partners Europe ("Equistone").

Equistone will continue to manage its existing three funds on behalf of its existing investors in those funds. Barclays remains an investor alongside those funds and the largest single investor in Equistone's investments to date.

The value of the gross assets disposed of is expected to be approximately GBP45 million. The transaction is not expected to have a material impact on Barclays earnings per share or capital ratios.

ENDS