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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

161.78GBp
4:35pm IST
Change (% chg)

-4.60 (-2.76%)
Prev Close
166.38
Open
165.50
Day's High
165.50
Day's Low
161.58
Volume
7,047,918
Avg. Vol
41,006,692
52-wk High
217.65
52-wk Low
144.99

Latest Key Developments (Source: Significant Developments)

Barclays Q1 profit falls 10 pct
11:31am IST 

April 25 (Reuters) - Barclays PLC ::BARCLAYS Q1 PROFIT BEFORE TAX FALLS 10 PERCENT TO 1544 MILLION STG.BARCLAYS Q1 CET1 RATIO 13.0 PERCENT.BARCLAYS Q1 GROUP ROTE AT 9.6 PERCENT.BARCLAYS Q1 TOTAL INCOME DOWN 2 PERCENT TO 5252 MILLION STG.BARCLAYS Q1 COST-INCOME RATIO 62 PERCENT.BARCLAYS SAYS IT MAINTAINS CURRENT CAPITAL RETURN POLICY.BARCLAYS INTERNATIONAL UNIT Q1 ROTE AT 10.6 PERCENT.BARCLAYS UK UNIT Q1 ROTE AT 16.4 PERCENT.  Full Article

UK's Unite Issues Statement On 460 Job Losses At Barclays
Tuesday, 9 Apr 2019 

April 9 (Reuters) - UK'S UNITE: :UK'S UNITE SAYS BARCLAYS PLC HAS INFORMED STAFF IN COVENTRY WESTWOOD PARK AND BIRMINGHAM SNOWHILL THAT THEIR JOBS ARE AT RISK.UK'S UNITE SAYS "ALARMED" THAT 350 JOBS WILL BE LOST FROM TWO LARGE BARCLAYS PLC SITES IN THE WEST MIDLANDS.UK'S UNITE SAYS ANTICIPATED THAT AROUND 100 JOBS WILL BE CREATED IN OTHER LOCATIONS IN THE UK AT BARCLAYS PLC.UK'S UNITE ISSUES STATEMENT ON 460 JOB LOSSES AT BARCLAYS.  Full Article

Sherborne Investors Asks Barclays Shareholders to Support Resolution To Elect Edward Bramson To Serve As Non-Executive Director
Monday, 8 Apr 2019 

April 8 (Reuters) - SHERBORNE INVESTORS MANAGEMENT::SHERBORNE INVESTORS MANAGEMENT LP - LETTER TO SHAREHOLDERS OF BARCLAYS PLC TO ASK FOR SUPPORT OF RESOLUTION 24.SHERBORNE INVESTORS - RESOLUTION PROPOSES ELECTION OF ONE OF ITS PARTNERS, EDWARD BRAMSON, TO SERVE AS A NON-EXECUTIVE DIRECTOR ON BARCLAYS.SHERBORNE INVESTORS MANAGEMENT - "ALSO CONCERNED THAT THE CORPORATE AND INVESTMENT BANK'S LONG-TERM COMPETITIVE POSITION REMAINS STRATEGICALLY WEAK".  Full Article

Tim Throsby Steps Down As CEO Of Barclays International & Barclays Bank Plc
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Barclays PLC ::LEADERSHIP CHANGES.ASHOK VASWANI, CEO OF BARCLAYS UK (BUK), WILL TAKE ON A NEWLY CREATED ROLE WITHIN GROUP AS GLOBAL HEAD OF CONSUMER BANKING & PAYMENTS.ANNOUNCED LEADERSHIP CHANGES INTENDED TO "HELP BUSINESS CAPITALISE ON ITS STRENGTHS AS A DIVERSIFIED CONSUMER AND WHOLESALE BANK".STEPHEN DAINTON, CURRENTLY GLOBAL HEAD OF EQUITIES, WILL ACT AS INTERIM GLOBAL HEAD OF MARKETS.ALISTAIR CURRIE WILL LEAD BARCLAYS' CORPORATE BANK AS HEAD OF CORPORATE BANKING.SUBJECT TO REGULATORY APPROVAL, MATT HAMMERSTEIN, CURRENTLY HEAD OF RETAIL LENDING, WILL BE APPOINTED AS NEW CEO OF BUK.BARCLAYS' GLOBAL WHOLESALE BUSINESS - CORPORATE & INVESTMENT BANK - WILL ALSO SEE LEADERSHIP CHANGES.GLOBAL BANKING WILL COMPRISE BARCLAYS' ADVISORY, DCM, AND ECM BUSINESSES.TIM THROSBY, CEO OF BARCLAYS INTERNATIONAL & BBPLC, HAS DECIDED TO LEAVE COMPANY.GLOBAL BANKING WILL BE LED BY JOE MCGRATH, GLOBAL HEAD OF BANKING.JES STALEY WILL ALSO NOW ASSUME ROLE OF INTERIM CEO OF BARCLAYS BANK PLC.PAUL COMPTON, GROUP CHIEF OPERATING OFFICER, WILL ASSUME AN ADDITIONAL POST AS PRESIDENT OF BARCLAYS BANK PLC.  Full Article

Barclays Says Gerry Grimstone To Step Down As Chairman Of Co's Unit Barclays Bank
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Barclays Plc ::DIRECTORATE CHANGE.GERRY GRIMSTONE HAS INFORMED COMPANY THAT HE HAS DECIDED TO STEP DOWN FROM HIS ROLES AS A NON-EXECUTIVE DIRECTOR.GERRY GRIMSTONE TO ALSO STEP DOWN FROM HIS ROLE AS CHAIRMAN OF CO'S UNIT BARCLAYS BANK PLC.NIGEL HIGGINS, INCOMING CHAIRMAN-ELECT OF BARCLAYS, WILL ASSUME CHAIR OF BARCLAYS BANK PLC FROM 1 MARCH 2019.  Full Article

Barclays Is On Track In Execution Of Its Strategy And Continues To Target A Rote(1) Of Greater Than 9% For 2019 And Greater Than 10% For 2020 And Operating Expenses(1) Guidance In Range Of £13.6
Thursday, 21 Feb 2019 

Barclays PLC ::NET INTEREST MARGIN DECREASED 21BPS TO 3.53% PRIMARILY REFLECTING FULL YEAR IMPACT OF INTEGRATION OF ESHLA PORTFOLIO ON 1 JULY 2017.CREDIT IMPAIRMENT CHARGES DECREASED 37% TO £1,468M.OPERATING EXPENSES OF £13,896M (2017: £14,249M) REDUCED 2%.WE WILL USE STRONG CAPITAL GENERATION OF BANK TO RETURN A GREATER PROPORTION OF THOSE EARNINGS TO SHAREHOLDERS BY WAY OF DIVIDENDS AND TO SUPPLEMENT THOSE DIVIDENDS WITH ADDITIONAL RETURNS, INCLUDING SHARE BUYBACKS.RWAS INCREASED TO £75.2BN (DECEMBER 2017: £70.9BN) PRIMARILY DUE TO GROWTH IN MORTGAGES AND UK CARDS, AND REGULATORY METHODOLOGY CHANGES FOR ESHLA PORTFOLIO.MANAGEMENT VIEWS ITS CURRENT PPI PROVISION AS APPROPRIATE,.INTERNATIONAL AND CORPORATE BANK FICC INCOME FLAT AT 2,863 MILLION FOR 2018, EQUITIES UP 25 PERCENT TO 2,037 MILLION, MARKETS UP 9 PERCENT TO 4,900 MILLION, CORPORATE LENDING DOWN 20 PERCENT TO 878 MILLION.BARCLAYS IS ON TRACK IN EXECUTION OF ITS STRATEGY AND CONTINUES TO TARGET A ROTE(1) OF GREATER THAN 9% FOR 2019 AND GREATER THAN 10% FOR 2020 AND OPERATING EXPENSES(1) GUIDANCE IN RANGE OF £13.6-13.9BN FOR 2019.  Full Article

Barclays International Rote 8.7 Percent
Thursday, 21 Feb 2019 

Barclays PLC ::BARCLAYS 2018 PROFIT BEFORE TAX 5.7 BILLION STG.BARCLAYS ATTRIBUTABLE PROFIT 3.530 BILLION STG EXCLUDING CONDUCT AND LITIGATION.BARCLAYS 2018 DIVIDEND 6.5 PENCE PER SHARE.BARCLAYS RETURN ON TANGIBLE EQUITY 8.5 PERCENT.BARCLAYS COST INCOME RATIO 66 PERCENT.BARCLAYS ANNOUNCES INTENTION TO USE EXCESS CAPITAL TO PROGRESSIVELY GROW DIVIDEND.BARCLAYS SAYS TO CONSIDER ADDITIONAL RETURNS INCLUDING BUYBACKS AS SOON AS PRACTICAL TO DO SO.BARCLAYS TAKES BREXIT PROVISION OF 150 MILLION STG.BARCLAYS INTERNATIONAL DIVISION PROFIT BEFORE TAX 3.902 BILLION STG.BARCLAYS UK ROTE OF 16.7 PERCENT.BARCLAYS INTERNATIONAL ROTE 8.7 PERCENT.BARCLAYS CORPORATE AND INVESTMENT BANK PROFIT BEFORE TAX 2.661 BILLION STG.  Full Article

UK's Unite Says Barclays To Cut 300 Jobs At Millshaw Site In Leeds
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - UK's Unite::UK'S UNITE- BARCLAYS INFORMED SOME 300 STAFF AT MILLSHAW SITE IN LEEDS THAT THEY WILL LOSE THEIR JOBS; UNITE TO OPPOSE JOB CUTS.  Full Article

Marketinvoice Says Barclays And Santander Invest 56 Mln Stg In Equity, Debt Funding
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Marketinvoice::MARKETINVOICE - BARCLAYS AND SANTANDER INVEST IN UK FINTECH FIRM MARKETINVOICE.MARKETINVOICE - SECURES £56M IN EQUITY AND DEBT FUNDING.MARKETINVOICE - TECHNOLOGY CREDIT FUND VIOLA CREDIT WILL PROVIDE DEBT FACILITY OF UP TO £30M TO CO.MARKETINVOICE- FUNDING TO EXPAND UK MARKET PRESENCE AND LAUNCH FINTECH-BANK PARTNERSHIPS.  Full Article

New York DFS Fines Barclays $15 Mln In Whistleblowing Probe
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Barclays PLC ::CONSENT ORDER RE BARCLAYS WHISTLEBLOWING PROGRAMME.NEW YORK STATE DFS PUBLISHED FINAL CONSENT ORDER AFTER INVESTIGATION INTO MATTERS INVOLVING CO'S "WHISTLEBLOWING PROGRAMME".NYDFS IMPOSING CIVIL MONETARY PENALTY OF $15 MILLION ON CO.CO AGREED TO UNDERTAKE ADDITIONAL REPORTING & REMEDIATION UNDERTAKINGS IN RESPECT OF ITS "WHISTLEBLOWING PROGRAMME".  Full Article

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Britain's Barclays hit by struggling investment bank, flags cost cuts

LONDON Profit at Barclays fell 10 percent in the first quarter as its under-pressure investment bank struggled with tough markets, prompting it to signal further cost cuts if these conditions persist.