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Barclays PLC (BARC.L)

BARC.L on London Stock Exchange

210.00GBp
11:36am EDT
Change (% chg)

-3.00 (-1.41%)
Prev Close
213.00
Open
208.50
Day's High
217.65
Day's Low
207.20
Volume
71,047,455
Avg. Vol
47,606,853
52-wk High
225.50
52-wk Low
177.30

Latest Key Developments (Source: Significant Developments)

Barclays CEO hails "significant quarter" for UK lender
2:06am EDT 

April 26 (Reuters) - Barclays PLC ::CEO SAYS THIS HAS BEEN A SIGNIFICANT QUARTER FOR BARCLAYS, ONE IN WHICH WE HAVE SHOWN THAT OUR NEW OPERATING MODEL AND OUR PORTFOLIO OF DIVERSIFIED, PROFITABLE BUSINESSES ARE CAPABLE OF PRODUCING IMPROVED RETURNS FOR SHAREHOLDERS.CEO SAYS DEMONSTRATING BENEFITS OF DIVERSIFICATION, LOWER REVENUES IN OUR UK BUSINESSES, DRIVEN BY ONE-OFFS, WERE OFFSET BY A STRONGER PERFORMANCE IN BARCLAYS INTERNATIONAL, PARTICULARLY IN CORPORATE AND INVESTMENT BANK.CEO SAYS Q1 IS TYPICALLY A STRONG ONE OF COURSE, BUT THIS PERFORMANCE DOES INCREASE CONFIDENCE IN OUR CAPACITY TO MEET OUR GROUP ROTE TARGETS.NET INTEREST MARGIN DECREASED 42BPS TO 3.27% REFLECTING INTEGRATION OF EDUCATION, SOCIAL HOUSING AND LOCAL AUTHORITY (ESHLA) PORTFOLIO.CREDIT IMPAIRMENT CHARGES INCREASED 13% TO £201M DRIVEN BY INCREASED IMPAIRMENT IN PERSONAL BANKING AND A SINGLE NAME CASE IN WEBB.CEO SAYS WE LOOK FORWARD TO RETURNING AN INCREASING AMOUNT OF CAPITAL TO SHAREHOLDERS, BOTH THROUGH ANNUAL DIVIDEND, AND VIA OTHER MEANS OF RETURN, SUCH AS BUYBACKS, GOING FORWARD.ADDITIONAL CHARGES OF £400M (Q117: £NIL) RELATING TO PPI WERE RECOGNISED MAINLY AS A RESULT OF CONTINUED HIGHER COMPLAINTS FLOW IN Q118.RWAS INCREASED TO £214.2BN (DECEMBER 2017: £210.3BN) DUE TO INCREASED TRADING ACTIVITY.  Full Article

Barclays Appoints Gerry Grimstone Chairman Of Ring-Fenced Bank
Monday, 19 Mar 2018 06:20am EDT 

March 19 (Reuters) - Barclays Plc ::BARCLAYS - GERRY GRIMSTONE, CURRENTLY DEPUTY CHAIRMAN OF BARCLAYS PLC AND BARCLAYS BANK PLC, WILL MOVE INSTEAD TO BECOME CHAIRMAN OF BARCLAYS BANK PLC.‍IAN CHESHIRE WILL BE CHAIRMAN OF BARCLAYS BANK UK PLC. HE WILL ALSO REMAIN A NON-EXECUTIVE DIRECTOR OF BARCLAYS PLC​.CRAWFORD GILLIES WILL BECOME SENIOR INDEPENDENT DIRECTOR OF BARCLAYS PLC AND WILL REMAIN CHAIR OF BARCLAYS PLC REMUNERATION COMMITTEE.MARY FRANCIS WILL BECOME CHAIR OF BARCLAYS PLC REPUTATION COMMITTEE, REPLACING SIR GERRY.  Full Article

Visteon Says Entered Deal With Barclays Bank Plc To Purchase $150 Million Of Co's Stock
Friday, 9 Mar 2018 05:18pm EST 

March 9 (Reuters) - Barclays Plc ::VISTEON - ON MARCH 6, CO ENTERED DEAL WITH BARCLAYS BANK PLC TO PURCHASE $150 MILLION OF CO'S STOCK VIA ACCELERATED STOCK REPURCHASE TRANSACTION.  Full Article

Barclays Gets Court's Approval For Ring-Fencing Transfer Scheme
Friday, 9 Mar 2018 11:21am EST 

March 9 (Reuters) - Barclays Plc ::BARCLAYS PLC - COURT APPROVAL GRANTED FOR BARCLAYS' RING-FENCING TRANSFER SCHEME.BARCLAYS PLC - BARCLAYS NOW EXPECTS TO IMPLEMENT RESTRUCTURING AND FULLY ESTABLISH RING-FENCED BANK IN APRIL 2018.  Full Article

Barclays takes 240 million pound provision for alleged FX manipluation
Thursday, 22 Feb 2018 02:58am EST 

Feb 22 (Reuters) - Barclays Plc ::BARCLAYS RECOGNISES 240 MILLION STG PROVISION IN Q4 2017 PENDING SETTLEMENT OF ALLEGED FOREIGN EXCHANGE MANIPULATION CASE.  Full Article

British regulator investigating Barclays over debt collections
Thursday, 22 Feb 2018 02:22am EST 

Feb 22 (Reuters) - Barclays ::SAYS FINANCIAL CONDUCT AUTHORITY INVESTIGATING BANK'S SYSTEMS AND CONTROLS WITH RESPECT TO COLLECTIONS AND RECOVERIES FROM DISTRESSED BORROWERS.SAYS CURRENTLY NOT POSSIBLE TO ESTIMATE THE FINANCIAL IMPACT OF FCA INVESTIGATION ON GROUP'S RESULTS.  Full Article

Barclays pre-tax profit rises 10 percent to 3.54 Billion pounds
Thursday, 22 Feb 2018 02:01am EST 

Feb 22 (Reuters) - Barclays Plc ::BARCLAYS 2017 GROUP PRETAX PROFIT RISES 10 PERCENT TO 3.54 BILLION STG.BARCLAYS 2017 CET 1 RATIO AT 13.3 PERCENT.BARCLAYS 2017 U.S. DEFERRED TAX ASSET IMPACT OF 901 MILLION STG.BARCLAYS SAYS NO UPDATE ON WATCHDOG'S INVESTIGATION INTO CEO JES STALEY'S ATTEMPTS TO UNMASK WHISTLEBLOWER.BARCLAYS SAYS TO PAY DIVIDEND OF 6.5 PENCE PER SHARE IN 2018.BARCLAYS 2017 FULL YEAR DIVIDEND OF 3 PENCE PER SHARE.BARCLAYS 2017 COSTS DOWN 5 PERCENT TO 15.5 BILLION STG, EXCLUDING CONDUCT AND LITIGATION.BARCLAYS 2017 RETURN ON TANGIBLE EQUITY AT 5.6 PERCENT , EXCLUDING MATERIAL ITEMS.BARCLAYS 2017 INCOME DOWN 2 PERCENT TO 21 BILLION STG.  Full Article

Barclays says been charged by SFO over loan
Monday, 12 Feb 2018 02:04am EST 

Feb 12 (Reuters) - Barclays Plc ::‍BARCLAYS SAYS UK SERIOUS FRAUD OFFICE HAS TODAY CHARGED BARCLAYS BANK PLC WITH SAME OFFENCE IN RESPECT OF LOAN AS CHARGED AGAINST BARCLAYS PLC ON 20 JUNE 2017​.‍BARCLAYS PLC AND BARCLAYS BANK PLC INTEND TO DEFEND RESPECTIVE CHARGES BROUGHT AGAINST THEM.​.‍BARCLAYS DOES NOT EXPECT THERE TO BE AN IMPACT ON ITS ABILITY TO SERVE ITS CUSTOMERS AND CLIENTS AS A CONSEQUENCE OF CHARGE HAVING BEEN BROUGHT.​.  Full Article

Barclays Says Expects 1 Bln Pound Charge On Pretax Profit From U.S. Tax Reform ​
Wednesday, 27 Dec 2017 04:00am EST 

Dec 27 (Reuters) - Barclays Plc ::‍NOTES TAX CUTS AND JOBS ACT ENACTED ON 22 DECEMBER 2017, REDUCING STATUTORY RATE OF US FEDERAL CORPORATE INCOME TAX TO 21%​.‍EXPECTS MEASUREMENT OF ITS US DEFERRED TAX ASSETS TO REDUCE BY C.£1BN AS A RESULT OF REDUCED TAX RATE​.‍EXPECTS NET OF A C.£0.3BN INCREASE TO US DTAS, UNRELATED TO ACT, DUE TO A REVALUATION OF BARCLAYS BANK PLC'S US BRANCH DTAS​.‍AGGREGATE REDUCTION IN MEASUREMENT OF US DTAS IS EXPECTED TO RESULT IN AN ASSOCIATED ONE-OFF CHARGE OF C.£1BN TO GROUP PROFIT AFTER TAX​.BARCLAYS - REDUCTION IN MEASUREMENT OF US DTAS IS EXPECTED TO RESULT C.20 BASIS POINT REDUCTION TO GROUP CET1 RATIO, DECREASE OF C.6 PENCE TO TNAV/SHARE​.‍REDUCTION IN STATUTORY US FEDERAL RATE IS EXPECTED TO POSITIVELY IMPACT BARCLAYS' FUTURE US AFTER TAX EARNINGS​.BARCLAYS- ‍ULTIMATE IMPACT IS SUBJECT TO EFFECT OF OTHER COMPLEX PROVISIONS IN ACT WHICH BARCLAYS IS CURRENTLY REVIEWING​.‍CURRENTLY NOT POSSIBLE TO RELIABLY ESTIMATE WHETHER BEAT WILL APPLY AND IF SO, HOW IT WOULD IMPACT BARCLAYS​.  Full Article

Barclays Bank Updates on Proposed Structural Changes to Barclays Group Due To Ring-Fencing​‍
Friday, 8 Dec 2017 06:48am EST 

Dec 8 (Reuters) - Barclays Plc ::BARCLAYS BANK PLC [RIC:RIC:BARCR.UL] - ‍PROPOSED CHANGES TO STRUCTURE OF BARCLAYS GROUP DUE TO RING-FENCING​‍.TWO ENTITIES WILL OPERATE ALONGSIDE, BUT INDEPENDENTLY FROM, ONE ANOTHER AS PART OF BARCLAYS GROUP UNDER BARCLAYS PLC​.‍INTENDS TO SATISFY REQUIREMENT BY SETTING UP A RING-FENCED BANK, BARCLAYS BANK UK PLC, WHICH WILL BE SEPARATE FROM BARCLAYS BANK PLC.EXPECTS TO IMPLEMENT RESTRUCTURING, ESTABLISH RING-FENCED BANK IN APRIL, AHEAD OF JAN 1 LEGISLATIVE DEADLINE FOR IMPLEMENTATION OF RING-FENCING​.‍HEARING IS SCHEDULED IN NOVEMBER 2017 FOR COURT TO INITIATE PROCESS TO CONSIDER AND APPROVE SCHEME​.‍SECURED FUNDING PROGRAMMES ​OF BARCLAYS BANK WHICH RELATE TO ASSETS TRANSFERRING TO RING-FENCED BANK WILL TRANSFER TO BARCLAYS BANK UK.‍FINAL COMPOSITION OF ASSETS,LIABILITIES WHICH ARE TO REMAIN IN BARCLAYS BANK MAY DIFFER FROM BARCLAYS' CURRENT EXPECTATIONS​.‍FOLLOWING TRANSFERS OF ASSETS & LIABILITIES TO BARCLAYS BANK UK, BARCLAYS BANK WILL DISTRIBUTE TO BARCLAYS EQUITY OWNERSHIP OF BARCLAYS BANK UK​.  Full Article

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Barclays confident can restore capital levels depleted by U.S. fine

LONDON Barclays said rising profits from its investment bank will be enough to restore capital levels depleted by misconduct fines in Britain and the United States, as the British lender announced a characteristically mixed set of first-quarter earnings.