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 sale of Italian Non-Core assets (Font "5" in blue)
12 Oct 2016 10:30

Barclays Bank PLC (“Barclays”) has today agreed the sale of a portfolio of salary secured loans in Italy to IBL Banca S.p.A.
 
The portfolio forms part of Barclays Non-Core and comprises c. £260m of gross receivables. The sale will reduce Non-Core Risk Weighted Assets by a further c. £170m and will be broadly neutral to Barclays’ CET1 ratio on completion. 
 
Harry Harrison, Head of Barclays Non-Core, commented: “Last week we announced agreements to sell our Egyptian bank and our UK Trust business. Today’s announcement further highlights the momentum we have in Barclays Non-Core and the progress we’re making.”
 
Completion, which is subject to regulatory approvals, is expected to occur in the first quarter of 2017.
 
Barclays completed the sale of its Italian retail banking network in August 2016, and continues to operate investment banking and corporate banking in Italy. Barclays’ residual mortgage portfolio and other Non-Core retail, wealth and corporate loans in Italy will remain part of Barclays Non-Core, with the intention to exit or rundown over time.

Broker Forecast - Investec issues a broker note on Barclays PLC
BFN
Investec today upgrades its investment rating on Barclays PLC (LON:BARC) to buy (from hold).

http://www.moneyam.com/action/news/showArticle?id=5434495

Q3 2016 Results
Thursday, 27 October 2016

Announcement Q3 2016 Results Announcement (PDF, 1.4MB)

Management Speech Q3 2016 Results Management Speech (PDF, 216KB)

Presentation Q3 2016 Presentation (PDF, 0.7MB)

Webcast Q3 2016 Results webcast replay
Replay dial in:
+44 (0)121-260-4861 (all locations)
1-844-230-8058 (US)
Access code: 4188123# (this facility will be available until 24 November 2016)

Barclays completes sale of life risk insurance book in Spain to Vidacaixa
01 Nov 2016 09:30

Barclays has completed the sale and transfer of its Spanish life risk insurance book to Vidacaixa, S.A.U. de Seguros y Reaseguros, a member of the Caixa Group.

As part of the agreement, 105,000 insurance policies and c.€70m of insurance liabilities (together with their related assets) will transfer to the purchaser. The sale represents further progress against Barclays' cost and Risk Weighted Asset reduction targets. Neither party will be disclosing further financial terms of the deal.

Up until the beginning of 2016, Barclays Vida y Pensiones Compañía de Seguros, S.A.U. (BVP) provided life insurance and pension products in Spain, Italy and Portugal. BVP sold its Spanish pensions assets and liabilities to Vidacaixa in June 2016. This year it has also sold its Portuguese insurance business to Bankinter Seguros de Vida, and its Italian life insurance business to CNP Assurances.

Barclays completed the sale of its Spanish retail bank to CaixaBank S.A. in January 2015, and announced the proposed sale of its Barclaycard consumer payments business in Spain and Portugal to Bancopopular-e in April 2016. Barclays continues to operate investment banking and corporate banking services for global companies in Spain.

Commenting on the sale, Harry Harrison, Head of Barclays Non-Core, said: “We continue to make good progress with the sale of non-core assets, reducing RWA within the unit and simplifying Barclays overall. In the last month, we have announced the sales of Barclays Bank Egypt, our UK Trusts business, and a loan portfolio in Italy.”

About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.home.barclays .

Barclays Non-Core: Sale of Irish insurance businesses
08 Nov 2016 09:55

Barclays Bank PLC today announces it has agreed to sell Barclays Insurance (Dublin) Designated Activity Company and Barclays Assurance (Dublin) Designated Activity Company to Monument Re Limited for an undisclosed sum.

The two businesses provide underwriting services for Payment Protection Insurance and Income Protection policies, which Barclays ceased to sell between 2010 and 2012. The sale includes the portfolio of c.500,000 remaining policies and related licences. Barclays will retain any PPI-related risks associated with the portfolio.

Barclays Bank Ireland operations, including Corporate Banking and Wealth and Investment Management, will continue to provide a full range of banking services as normal. All employees will transfer to Monument Re Limited upon completion, which is expected in Q1 2017, subject to regulatory approval.

Harry Harrison, Head of Barclays Non-Core commented: “This sale marks another step forward for Barclays Non-Core as we continue to manage down costs and risk-weighted assets, and simplify the activities of the Group more broadly. We are confident that our colleagues in these businesses will have a positive future with Monument and we thank them for their hard work and support over many years.”

About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

Sale of Barclaycard Southern European card business underlines Barclays Non-Core progress
11 Nov 2016 11:10

Barclays Bank PLC has completed the sale of its Barclaycard consumer payments business in Portugal and Spain to WiZink Bank S.A., a Spanish online bank formerly known as Bancopopular-e, which is 51% owned by Varde Partners and 49% owned by Banco Popular Español, S.A.

The business comprises approximately £1.2bn of assets and was sold at a small premium to gross receivables, with customers and employees transferring to WiZink. The sale will also result in a reduction in Risk Weighted Assets of £1.0bn and a reduction in Non-Core costs.

Jes Staley, Barclays Group CEO, commented: “During 2016 we have made significant headway in the reduction of our Non-Core unit, a key component of our Group strategy. We have completed the sale of our risk analytics and index business, Portuguese and Italian retail banks, offshore trusts business and our UK precious metals storage facilities. We have also entered into exclusive discussions for the potential sale of our French retail bank, and agreed to sell our Asian Wealth and Egyptian retail banking businesses. The sale of the Barclaycard consumer payments business in Spain and Portugal is further tangible progress towards our target of reducing Non-Core Risk Weighted Assets to c.£23 billion in 2017.”

“The Barclaycard consumer payments business in Portugal and Spain is a good business with a highly talented and dedicated workforce but no longer fits with our strategic ambitions. I am sure it will continue to thrive as part of WiZink.”

The sale was announced in April 2016 and the completion follows receipt of regulatory and other applicable approvals.

Barclays continues to operate its corporate and investment banking businesses in Spain and Portugal, which are important elements within the bank’s franchise.

barcs are going to rocket up and away .over the next 3 months

Barclays launch Contactless Cash
28 Nov 2016 09:00


•Barclays is launching the UK’s first contactless mobile cash service – offering customers a quicker, more secure way to withdraw their money

•Customers can withdraw up to £100 in-branch, with just a tap of their Android smartphone or contactless debit card

•The service will be piloted in the North before rolling-out across over 180 UK-wide Barclays branches

Barclays is launching the UK’s first contactless mobile cash service, offering customers a quicker, more secure way to withdraw their money.
 
The service is initially being piloted in the North before rolling out to over 180 Barclays branches in the New Year. It will be available on over 600 in-branch machines, allowing customers to withdraw cash with just a tap of their Android smartphone or contactless debit card.
 
There are three different ways customers will be able to use this service:
 
Android Smartphone – Insert amount and PIN on Barclays Mobile Banking and tap to withdraw

•Those in a hurry can save time by logging in to their Barclays Mobile Banking app to pre-select the amount of cash they want to withdraw and insert their PIN. They then have 30 seconds to tap their phone against the contactless reader on the in-branch machine, which will automatically dispense their cash.

Android Smartphone or Contactless Debit Card – Tap and complete on machine

•Barclays customers with an Android smartphone or contactless debit card only need to tap their phone/card against the contactless reader, before entering their PIN on the machine and withdrawing their cash as normal.
Whilst giving many customers access to cash using only their smartphone, Contactless Cash also boasts increased security. Whether using your smartphone or card, it removes the risk of magnetic card skimming and distraction fraud, as the device never needs to leave your hand.
 
Ashok Vaswani, CEO of Barclays UK said: “We are always looking for new ways to make our customers lives easier and their finances even more secure. Our customers now expect to be able to use their smartphone to make their everyday purchases. We want taking out cash to be just as easy. With Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone – a first for the UK.”

Barclays launches market-first, fully integrated online investing service
28 Nov 2016 09:00


•Customers’ online banking and investment accounts fully integrated for the first time through a single log-in

•The launch draws expertise from across the bank - combining Barclays’ digital expertise and Barclays Stockbrokers’ direct investing heritage

Barclays has today announced the launch of a new online direct investing service that puts people in control of their financial decisions and helps them achieve their goals. The service will provide Barclays customers1 with the first opportunity to view their investments, savings and current accounts in one place through a single log-in – making it easier for them to access more of their finances than ever before.

The new direct investing service has been developed drawing upon extensive customer feedback and expertise from across Barclays. Banks are in a particularly good position to develop solutions which help people understand investing; they have long-term relationships with customers who interact with them on a daily basis and at key stages in their lives, as they make important financial decisions.

A new simple fee structure, free from hidden charges, has been designed to make it easy for customers to understand exactly what they will pay. There is one fee and one transaction charge - common charges levied by other providers such as exit fees, reinvesting dividends and probate valuations are not charged. Independent research2 shows that for many it will be amongst the lowest-cost online investment services available. 

The pricing structure has been developed to encourage customers to take a long-term approach to saving and investing, choosing to buy and hold investments for a number of years. The new service is aimed at those who are comfortable making their own investment decisions, without advice.

Initially, the service will be available to Barclays customers, and existing Barclays Stockbrokers customers will be transferred across to the new service next year. The service will be made more widely available to non-Barclays customers in 2017.

Rupert Dickinson, Managing Director, Head of Direct Investing at Barclays, says: “This launch combines the direct investing services from one of the UK’s leading providers, with banking services from the UK’s second largest bank. We have over 30 years’ experience in direct investing through Barclays Stockbrokers and our new, integrated service draws expertise from across the whole business.”

Akshaya Bhargava, CEO, Wealth and Investments UK at Barclays, says: “This is the first step towards a suite of new services which will help address the savings and investing knowledge gap in the UK. The world of investing can often seem complex, and changes to the advice market in the UK have left many people without the help they need to navigate it. It is vital that the banking industry draws upon its experience to help customers by providing accessible, value-for-money services that build confidence.”

The new direct investing service follows the launch of Financial Wings, an online personal finance hub designed to give people the knowledge and confidence to take control of their money. Barclays has a history of delivering easy-to-use digital innovations3 that put customers in control of their finances - ultimately making banking, saving and investing simpler for all.

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.