Company
Barclays (ADR)
LON:BARC
Barclays is a global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It operates through branches, offices and subsidiaries in the United Kingdom and overseas.
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FIVE at FIVE: FTSE 100 milestone; Barclays woes backlash; Mike Ashley Frasers demotion; Bidstack's new chief financial officer; Reddit revamps IPO plans
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Investing in Barclays, HSBC, Lloyds and other financial institutions? Here are the ratios you need to know
Cutting through the jargon: Know your CET1s from your CCLBs
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FTSE 100 hits closing peak just short of 8,000 level breached for first time ever in the afternoon
At the finish, the UK blue chip index was up 43.98 points, or 0.6%, at 7,997.82, easily surpassing the previous closing peak of 7,948 set on Monday
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Fuller Treacy Comment of the Day - China's CATL Is Said to Pick Banks for $5 Billion Swiss GDR Sale, and more...
Comment of the Day1st February 2023Eoin TreacyFeb 2Video commentary for February 1st 2023A link to today's video commentary is posted in the Subscriber's Area.Some of the topics discussed include: Fed raises rates and calls peak inflation,
Barclays, HSBC, Citi, JP Morgan, ‘pouring billions’ into fossil fuels despite net zero pledges - report
Banks continued to finance fossil fuel projects between April 2021 and August 2022, despite being part of the Glasgow Financial Alliance for Net Zero
Barclays to hand up to £2,000 to mortgage customers who make green improvements to their homes
The bank wants to encourage homeowners to commit to larger energy-saving projects
Bank greenwashing warning: decarbonisation targets are full of holes
The Net Zero Banking Alliance boasted that most of its members have set climate targets, but new research finds they are falling short
Barclays and HSBC's bumper profits leads to growing chances of bank windfall tax
Three of the FTSE 100's banks have already delivered forecast-beating results this week as they benefit from rises in interest rates
Barclays Q3 profits top forecasts driven by strong UK performance
The banking giant reported third-quarter pre-tax profits of £2bn but increased bad debt provisions to £0.4bn to reflect the deteriorating economic outlook
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FTSE 100 finishes in positive territory as dovish Bank of Canada hike kicks off risk rally
A stronger than expected start by US markets and a bellow forecast rise to interest rates by the Bank of Canada brought London's blue chip index to life late in the day with the lead index now up 26 points at 7,039.
Barclays investment bank under scrutiny again in choppy markets
Can Barclay's investment bank arm (Lehman Bros in effect) continue its recent good performance
Barclays hit with £50mln fine from FCA over failure to disclose arrangements in its 2008 funding deal
In 2020, three of its former bankers were cleared of fraud over their role in the investment
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FIVE at FIVE: Lloyds and Barclays buys says Shore, Amazon commits to £1bn EV investment, gilt yields jump, Evgen surges over 100%
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Barclays could face sizeable losses from Musk's Twitter deal
The shifting tides of the financial markets in recent weeks could lead to hundreds of millions of dollars of losses for the banks backing the deal
Lloyds Banking, Barclays, Natwest in favour at Credit Suisse despite market turmoil
But weaker-than-expected economic conditions remains an investment risk
Barclays agrees to nine-figure fine for 'staggering' structured products blunder
British bank will pay US$361mln to the US Securities and Exchange Commission
FTSE 100 closes a shade ahead as UK second quarter GDP soothes nerves, for now
Britain's blue-chip benchmark finished up 0.18% at 6,894, in Friday
Barclays and other banks hit with fines for using WhatsApp and not keeping records
Between 2018 and 2021, employees at the banks communicated about business matters using applications such as WhatsApp on their personal devices
Cap on City bankers' bonuses to be scrapped
Bankers' pay being deregulated at a time when households are struggling due to rising costs of living will provoke outrage in many quarters
Barclays not planning special divi after banking £538mln from South African sale
It banked a total of £538mln from placing the shares with institutional investors
Barclays offers most upside and Lloyds the least but broker sees value in banks
"We are more upbeat and believe banks are much better positioned to cope with the economic storm than the market is giving credit for," said analyst Gary Greenwood
£1bn fintech fund starts to recruit heavy-weight backers
The fund is the result of a government report aimed at tapping into £6trn of pension capital that could help fledgling fintech companies thrive
Barclays shares drop 4% after it guides for higher costs in 2022
An accounting error means Barclays will be forced to rescind billions of dollars of securities in the US market
Barclays shares are “grossly undervalued” says stockbroker
“There is currently 90% upside to our last published fair value of 300p," says ShoreCap, which yesterday also called Lloyd's 'mispriced'.
Barclays ups 2022 cost projections after pre-tax profits slide
Barclays' pre-tax profit fell 32% in the first half of the year, despite growth in income across its businesses
Barclays adds to crypto portfolio with stake in Copper
Digital asset investment platform counts former Chancellor Phillip Hammond as an advisor
Barclays set to make further provision after SEC breach
Barclays Bank Group PLC is expected to report a further charge in its H1 results following the recent disclosure of an SEC breach. The control failure forced the bank to restate its FY21 numbers by £200m and make provisions for Q122 of £320
Barclays hands customer-facing and junior workers £1,200 pay rise
It came just a couple of weeks after Lloyds handed a £1,000 bonus to most of its staff in August
Barclays agrees to buy Kensington Mortgage for £2.3bn
Barclays said it will pay £2.3bn for the lender, conditional on whether its mortgage portfolio reaches a certain valuation by the time it closes the deal
Barclays shares perk up as the bank commences buyback programme
The maximum number of shares that may be repurchased under the scheme is 1,676mln, which implies an average purchase price of 167.6p; Barclays shares currently trade at 163.6p, up 3.7% on the day.
Barclays avoids nearly £2bn in taxes with Luxembourg scheme, claims report
Over the past 12 years, the bank has earned billions of pounds nearly tax-free says the report
Barclays, Rio Tinto and Ocado carry on regardless in face of shareholder concerns
Barclays argued that there was no point restricting finance for oil and gas projects, as companies could finance exploration from their own cash flows
Barclays climate vote opposed by almost a fifth of shareholders
Shareholder groups have called for the bank to "play fair" and formally respond to shareholder concerns within six months, making improvements to its plans
Investments and investor services
Rolls-Royce, Barclays and Tesla among most popular shares to buy for UK investors in April
The top 10 lists contain miners, banks, travel stocks and oil producers
Barclays PLC has target price hiked by Credit Suisse
Target price has now been set at 240p, a 17% increase from 205p
Lloyds Banking and the other banks given the "snog, marry, avoid" treatment
Banking results season is over and with it the usual mass of hard to decode numbers and metrics ... just right then for a simplistic "snog, marry or avoid" analysis
Barclays says most European firms beat profit forecasts with trend to continue
European companies have seen an average growth of 7.7% in their earnings per share, while their US counterparts have grown by 4.3%, compared to last year
Barclays shares rise despite second postponement of share buyback
Barclays has already delayed the buyback once, after dropping a clanger with the sale of structured loan products. Now the SEC is sniffing around.
Barclays' structured finance gaff puts serious dent in first-quarter profits
Despite paying up around £0.5bn to buy back phantom structured and exchange-traded notes that it had mistakenly sold to customers
FTSE 100 closes up as positive earnings surprises offset weak US GDP data and rising risks
The UK blue chip index closed in the green despite mixed news from major companies and an unexpected setback for the US economy
Barclays making hay in forex and credit-default swaps markets after Russian invasion of Ukraine
The cost of insuring Russia’s debt against default for five years increased elevenfold in the first quarter of 2022
Barclays' structured product gaff continues to reverberate
Sky News reports investors want to claw back some of the departing finance director's bonus
Things aren't so bad for Barclays, reckon Credit Suisse analysts
"Despite the fact we prefer retail banking over capital markets trends we see the shares as oversold," the Swiss bank's analysts said
FIVE at FIVE: Scottish Mortgage makes ISA millionaires, Lloyds backed as Barclays bashed, AMC and GameStop bounce back, FTSE 100 climbs and 88 Energy disappoints
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Lloyds Banking 'top pick' but Barclays downgraded as analyst sees worrying signs
Some of the drivers for interest income are expected to "start to turn" in the second half of the year
Barclays bashed as big line of stock is dumped on the market
The banking giant admitted yesterday its share buyback programme would be delayed after it had made a costly error in the structured notes market
Barclays to take £450mln charge, delays buyback
The charge comes after the bank issued more structured and exchange traded notes than it had registered for sale
Barclays freezes ex-CEO Jes Staley's bonus amid probe into links with Epstein
Based on Wednesday’s share price, Staley's share awards are worth nearly £22mln
Barclays profits soar as investment bank sees record results
Pre-tax profits almost trebled to £8.4bn in 2021 from £3bn the previous year
Britain’s big four banks set to pay out over £4bn in banker bonuses
“These sky-high banker bonuses are a kick in the teeth for everyone suffering with the cost of living crisis,” Gary Smith, general secretary of the GMB union, told the Guardian
UK banks can hand out more than a quarter of market value, JPM suggests
Improving UK employment and spending trends are likely to support interest rate hikes
Barclays is the top pick in “cheap” UK banking sector says UBS
UBS rates Barclays as a 'buy' with a 250p price target.
Barclays under pressure over Staley departure package - report
Lobby group The Investor Forum is said to have received complaints from some of its members
Barclays and Lloyds are top picks as Bank of England rate hikes still expected by analysts
During the last hiking cycle of 2017 to 2018, UK banks outperformed the sector by 8% from 90 days prior to the first hike to the second and final hike
Barclays chief Staley to step down following Jeffrey Epstein probe by UK regulators
The bank has appointed CS Venkatakrishnan as CEO to replace Staley
Barclays the cheapest banking stock in Europe, says well-respected City financials team
UBS told clients: “Barclays trades on the lowest PE [price-to-earnings ratio] in European banks, offering attractive gearing to rates, over-provisioning, unsecured spend, CIB and buybacks.”
Barclays profits soar to £6.9bn as investment bank booms
Third quarter performance was the best in the bank's history
Budget: Bank surcharge to be tweaked and coronavirus loan support extended according to latest reports
Budget speculation is now in full swing and here are some of the suggestions/guesses for what it might include
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Barclays in focus on Thursday as UK banks reporting season gets underway
Barclays, Unilever and AJ Bell are among the notable names in the diary for Thursday.
UK government to cut bank surcharge to keep City competitive – report
The surcharge will be slashed from 8% to 3%, the Financial Times reported
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Tesla, Barclays and Netflix set to be key releases on corporate calendar in coming week
Miners BHP, Anglo American and Antofagasta, consumer goods giant Unilever and hotelier IHG are also on the big-cap schedule
Activist investors find more success in the UK than US or Europe
Activist funds that pushed a company to make a strategic or operational change saw an average outperformance, while a focus on governance demands saw an average underperformance, research by Alvarez & Marsal found
Barclays upgraded on back of strong investment bank tailwind
Data on the lender's deals is pointing to further market share gains
Lloyds Banking Group: What's the outlook for the shares under the new CEO? This leading investment bank is upbeat
JP Morgan believes the transition between Charlie Nunn (who took up the role of CEO last month) and António Horta-Osório should be a smooth one
Barclays buys US$3.8bn Gap-branded credit card portfolio
Gap and Barclays have agreed to issue co-branded and private label credit cards in the US to Gap customers from next year
How newbie investors can sort out their ESG, according to Barclays Bank expert
Sorting out the ESG early on in the portfolio building process will pay off in the long term
Barclays has ‘greatest scope’ for rerating says Jefferies
A Jefferies ‘buy’ recommendation comes with a 300p price target
Barclays resumes dividends as lower bad debts lift half-year profits to £5bn
Jes Staley, chief executive, said it was a strong first half with record investment banking fees
Archive
FTSE 100 ends in the red as traders mull Fed chair's familiar message
The UK premier share index closed down around 33 points, or 0.47%, at 7,091, below the session peak of 7,124 and above the low of 7,073
Former Barclays boss plans US listing for crypto firm Circle
The company, which is behind the stablecoin USD Coin, will go public via a merger with Bob Diamond's NYSE-listed Concord Acquisition Corp that will value it at around US$4.5bn
Binance payments blocked by Barclays
The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week
Barclays’ revenue recovery not reflected in consensus, says Credit Suisse
Analysts said they expected the FTSE 100 bank's half-year results later this month to show “improving asset quality as six months’ worth of economic upgrades are reflected in provisioning needs”
Lloyds Banking and Barclays tipped to cash in on mortgage boom
A possibility of an interest rate rise at the end of 2022 adds to the appeal
Barclays named again as backer of polluting projects in damning report on single-use plastic waste
Single-use plastics account for over a third of plastics produced every year, with 98% manufactured from fossil fuels
Barclays free of troublesome shareholder as Sherborne Investors dumps stake
Funds managed by Sherborne Investors have disposed of their entire 6.01% stake in Barclays having achieved nothing except perhaps a trading loss
Barclays' coal lending has risen since Paris agreement says new report
Demand for it to curb lending to the coal industry have been tabled at its AGM tomorrow
Barclays boss's UK bullishness can't lift share price
"We estimate the UK economy will grow at its fastest rate since 1948"