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

No. Will try and have a look on-line.

barclay capital says uk banks need to raise more cash barcs 4.1b
diamond stated in the results and reconfirmed this in the last month
the bank does not need any more cash the bank is rock solid .
so who do we believe .and they are both from barcs

harry go to goggle news and look at UK BANKS NEED 20B

RNS . barcs makes a pre agm statement .
and about time too. they have listened at last
we should now get a orderly agm

we should now see buyers moving in to lift the sp.

But a week before what is expected to be a stormy AGM, it looks increasingly unlikely that this modest bone will be enough to make the bank's backers roll over and have their tummies tickled. According to Robert Peston between a third and a half of its largest shareholders - pension funds and institutional investors - will register a protest vote next week.

And really you can hardly blame them - Barclays' return on equity is running at around 6.6%, way below both its own stated target of 13% (to be achieved by next year), and its 11% cost of equity. What that means is that the bank is earning 4.3% less on the funds provided by its investors than it would cost to raise those same funds in current market conditions. It is effectively relying on investor goodwill in other words.

While it’s hardly the only bank in this position at the moment, it is very easy to see how accusations of rewards for failure can be aimed at its remuneration policy. Exactly how bad would things have to get before directors’ pay stopped rising? Or even, perish the thought, fall?

The argument is doubly interesting as it points to a deeper truth - that the pay row isn’t really about pay, but about how Barclay’s and other banks like it are structured and run. For while return on equity is an important indicator of bank performance, many investors are against its being used as a formal target because it is too easy to game. The quickest way to improve a bank’s equity returns is to lend more in proportion to that equity - the dreaded leverage, and we all know where that got us, right?




just found this so true it is

these top bankers are losing 4.3% on ever 11% invested.
well is terrible bankers i think not they are just crooks in bankers clothes .
and that man B DIAMOND IS a insult to investors ,

Barclays fails in bid to appease investors over bosses' bumper awards

Barclays is facing a backlash from shareholders despite a last ditch attempt to curb chief executive Bob Diamond’s £26.6million pay package.
The American boss and his high-ranking multi-millionaire colleagues will be forced to defend their bumper awards at the bank’s annual meeting on Friday.
Large City shareholders and individual private investors will lodge their votes on the lavish sums in what promises to be a fiery showdown.

package. Photograph: Stefan Wermuth/Reuters


Barclays is braced for a bruising encounter with shareholders at Friday's annual meeting when protests are expected to be lodged against the bank's pay policies after another major investment group recommended voting against the £17m handed to chief executive Bob Diamond.

The Local Authority Pension Fund Forum (Lapff), whose members combined own 1-2% of the bank' shares, has issued a voting alert highlighting Diamond's pay and the £5.7m tax bill the bank paid when he moved from the US to the UK to take the helm in January 2011.

It will also be a tense week for Alison Carnwath, the boardroom veteran who chairs the remuneration committee and who is under fire for agreeing the pay deals. It is being estimated that up to one in four investors who vote – between 15 and 20% – could fail to back the remuneration report and that Carnwath may face a significant protest vote.

Even the prospect of £2bn profit in the first quarter – which is expected to be announced by Barclays on Thursday – may not temper the anger of investors who have already been warned that the bank might need to increase its £1bn provision for payment protection. The bank said in a regulatory filing in March that it had been receiving an unexpectedly high volume of complaints.
has i said I would stir it up

Alison Carnwath is a yes woman and was only thinking of her own rewards .
it should be the exit for good . they have just milked the profits for years .
if the directors are not happy with a good salary then leave the company

STANDARD LIFE avoid any dealings with this company unless you want very poor returns if any. they think barcs directors should get the bonuses

A Pirc spokesman said: "We hold the remuneration committee chair responsible. Someone must be held accountable for the shambles."

Barclays tweaked the pay packages of Mr Diamond and finance chief Chris Lucas in a bid to head off a potential bloody nose at its annual meeting at the end of this week.

However, both the Association of British Insurers and Pirc said the changes, which could see the two losing part of their 2011 annual bonus if they fail to improve profitability, did nothing to address their concerns. The ABI has put an amber alert out on Barclays, which remains in place.

the bank that is only run for the DIRECTORS .they should all resign they are not that good.

i am expecting more in the up date on thursday from the directors before the AGM
becomes a complete shambles due to very poor CEO

Hardly an inspiring chart.

Lower MA now fallen through the 50 & 100.

diamond looking at new ways of milking the company

Interim Management Statement.

- Adjusted profit before tax(1) of GBP2,445m, up 22%, driven by strong performances in both Retail and Business Banking and Corporate and Investment Banking with the non-Investment Bank businesses showing significant growth in adjusted profits

- Statutory loss before tax of GBP475m (2011: GBP1,655m profit), reflecting GBP2,620m own credit reversal and an additional provision of GBP300m for Payment Protection Insurance (PPI) redress

- Adjusted return on average shareholders' equity increased to 12.2% (2011: 10.2%) and adjusted return on average tangible shareholders' equity increased to 14.3% (2011: 12.3%)

- Excluding own credit, total income increased 5% to GBP8,138m. Investment Bank income was GBP3,464m (2011: GBP3,366m), up 3% on Q1 2011, and 91% on Q4 2011

- Credit impairment charge of GBP778m improved 16%, with an annualised loan loss rate of 63bps (2011: 76bps)

- Excluding PPI provision, operating expenses increased 2% to GBP4,949m, reflecting an increase in non-performance costs, with performance costs remaining flat. Adjusted cost to income ratio improved to 61% (2011: 62%)

- Core Tier 1 ratio remained strong at 10.9% (31 December 2011: 11.0%), with Core Tier 1 capital broadly flat and risk weighted assets increasing 1% to GBP394bn

- Raised GBP12bn of term funding, with term funding maturities of GBP27bn for full year 2012

- Net asset value per share of 445p (31 December 2011: 456p) and net tangible asset value per share of 381p (31 December 2011: 391p) impacted by the own credit reversal

- First quarter dividend of 1.0p per share (2011: 1.0p)

1 Adjusted performance measures and profit before tax exclude the impact of GBP2,620m (2011: GBP351m) own credit reversal, GBP300m (2011: GBPnil) provision for PPI redress and GBPnil (2011: GBP2m) gains on acquisitions and disposals.

Maybe they might forgo some of their 'entitlement'.

I thought you would be at the meeting today, skinny? I bet Tanker is there giving The Board a hard time, unless the bouncers have been forewarned!

The last time I was at the RFH - Demis Roussos was on stage (I was working there I should add).

Apparently he is in London even as we speak!