Barclays and Hays results in focus for Thursday
Barclays and recruitment firm Hays are among the notable names in Thursday's diary.
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LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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Barclays and recruitment firm Hays are among the notable names in Thursday's diary.
Ian Cheshire said he is unable to accommodate the increased time commitment and duration required to deliver the new goals
“Consumers should feel reassured that their lender will work with them to help resolve any financial difficulties, whereas Barclays’s poor treatment of its customers risked making these difficulties worse,” the FCA said
Barclays' boss Jes Staley said talks would be held with the Bank of England towards the end of 2020 about dividend payments
“Barclays UK also returned to profitability in the third quarter, with profit before tax of £196m, as economic activity recovered from the spring low point and impairment charges reduced,” said CEO Jes Staley
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UK retail sales data and flash PMIs are also due before the weekend starts
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The FTSE 100, no fan of a strong exchange rate because so many of its constituents rely heavily on sales in US dollars, dropped 34 points
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Other firms on the calendar for the week ahead are Dettol owner Reckitt Benckiser, price comparison site Moneysupermarket and the London Stock Exchange Group
Sherborne has a 5.9% stake in Barclays through its funds, making it the largest shareholder.
The investment bank was the main engine of growth, with income surging 31%
“We believe the claim is misconceived and without merit and Barclays will be vigorously defending it,” the bank says
Comments at today's AGM follows scrutiny over the bank's handling of 'Bounce Back' online loan applications yesterday.
“The notion of putting 7,000 people in a building may be a thing of the past,” says Jes Staley
Currently, more than 6mln customers and clients are paying no charges for personal overdrafts or business banking due to the government’s pandemic measures
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Britain's premier share index made a triple-digit gain to finish up over 156 points at 6,115
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The mid-point of the week will bring updates from Barclays, Lloyds, GSK, AstraZeneca and retailer Next
Ricci will be joined by Richard Morecombe, new president and executive director, after the acquisition of Whitman Howard
Ed Bramson, owner of Sherborne Investors which holds 5.51% of the bank, said Jes Staley should not be re-elected in May
The allegations were linked to funds the bank raised from Qatar during the financial crisis in 2008
A look back at the Barclays boss and his connection with disgraced financier Jeffrey Epstein