BARC.L - Barclays PLC
| Previous close | 176.74 |
| Open | 177.48 |
| Bid | 181.32 x 0 |
| Ask | 181.38 x 0 |
| Day's range | 176.76 - 184.00 |
| 52-week range | 131.04 - 192.99 |
| Volume | 55,806,123 |
| Avg. volume | 38,474,589 |
| Market cap | 31.414B |
| Beta (5Y monthly) | 0.81 |
| PE ratio (TTM) | 12.86 |
| EPS (TTM) | 14.10 |
| Earnings date | 29 Apr 2020 |
| Forward dividend & yield | 0.09 (5.06%) |
| Ex-dividend date | 27 Feb 2020 |
| 1y target est | 221.84 |
- Reuters
Barclays backtracks on staff surveillance system after criticism
Barclays is changing a system it was piloting that tracks how employees spend their time at work, after critical media reports on Thursday accused the bank of spying on its staff. A Barclays spokeswoman said it was changing how it used the Sapience software so it would now track only anonymised data, in response to staff feedback that the system was intrusive. Sapience gives companies "insights into work patterns" and tracks employee productivity by monitoring their computer usage, according to its website.
- Business Wire
Form 8.3 - ALLERGAN PLC - Amendment
- Business Wire
FORM 8.3 - ABBVIE INC - Amendment
- Bloomberg
UBS Bankers Have a New Reason to Look Busy
(Bloomberg Opinion) -- If you’re a banker sitting somewhat idle at UBS Group AG, you may be feeling vulnerable today. The Swiss giant has picked Ralph Hamers — an outsider credited with making ING Groep NV one of Europe’s most digitally savvy and cost-efficient banks — as its new chief executive officer. That sets a clear strategic direction for UBS.The lender is turning to an experienced hand in trimming costs and using machines instead of humans. Still, beyond the obvious signals about how UBS intends to defend its bottom line in the future, it’s hard to portray the recruitment of the 53-year-old Dutchman, a lifer in banking, as a truly radical choice at a time when the robots are taking over finance. As Morgan Stanley’s $13 billion acquisition of E*Trade Financial Corp. shows, managing wealth in the future will involve a considerable degree of technology nous and automation. Hamers did well by introducing popular banking apps for ING’s retail customers, but servicing the rich is a different game.Plus, with the boardrooms of some of Europe’s biggest banks mired in controversy, the arrival of the former ING CEO will raise a few eyebrows: The Dutch lender had to pay $900 million to settle an investigation into alleged money-laundering.After successfully turning around UBS by shrinking its trading business and expanding in private banking, outgoing CEO Sergio Ermotti has taken his foot off the pedal somewhat recently. The $2.6 trillion wealth manager hasn’t adapted as swiftly as competitors to negative interest rates and the firm’s bloated costs have hit its profitability.So hiring someone from outside Swiss financial circles will at least bring some kind of break. A focus on operational costs has helped another Swiss bank, Credit Suisse Group AG, and Italy’s UniCredit SpA.While it’s not entirely obvious that Hamers can replicate at UBS what he did in Dutch consumer banking, his laser focus on expenses will be positive. The appointment also ends uncertainty about the leadership of the Swiss bank, where half the executive management team has changed in the past two years.Hamers is certainly experienced, having spent almost three decades at ING, including six as CEO, but he’s never cut his teeth running an investment bank. That unit soaks up 30% of UBS’s risk-weighted assets and is generating returns that even Ermotti deems unacceptable. Nor has the new man run a wealth management business, which makes up about 60% of UBS’s profit. Barclays analysts noted that none of the investors they’d spoken to had named Hamers as a potential Ermotti successor.Then there’s ING’s patchy record of oversight and controls. In 2018, the Dutch lender agreed to pay that $900 million to settle an investigation into corrupt practices by former clients. The bank was also reprimanded by its regulators over the money-laundering scandal. Its chief finance officer had to leave.In fairness, it’s hard to find a senior banker with a question-free past right now: Nordic banks have been embroiled in money-laundering scandals too; Credit Suisse ousted CEO Tidjane Thiam amid a spying scandal; and Barclays Plc’s CEO is being probed by British regulators over his ties to the deceased financier Jeffrey Epstein.Hamers arrives with many of the right attributes for the job, and UBS investors pushed up the share price on Thursday. UBS Chairman Axel Weber says his new CEO will have learnt from the money-laundering debacle. But this is a very big beast to get right. To contact the author of this story: Elisa Martinuzzi at emartinuzzi@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Elisa Martinuzzi is a Bloomberg Opinion columnist covering finance. She is a former managing editor for European finance at Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Form 8.3 - Abbvie Plc
- Business Wire
Form 8.3 - Allergan plc
- Business Wire
Form 8.3 - AMIGO HOLDINGS PLC
- Business Wire
Form 8.3 - Sirius Minerals plc
- Business Wire
Form 8.3 - Sophos Group plc
- Business Wire
Form 8.5 (EPT/NON-RI) - REDDE PLC
- Business Wire
Form 8.5 (EPT/NON-RI) - EI GROUP PLC
- Business Wire
Form 8.5 (EPT/NON-RI) - NORTHGATE PLC
- Business Wire
Form 8.5 (EPT/NON-RI) - NMC Health plc
- Yahoo Finance UK
UBS names Dutchman Ralph Hamers as new chief executive
Hamers, currently ING chief executive, will replace Sergio Ermotti as CEO of UBS in November.
- Yahoo Finance UK
Lloyds chief executive's pay cut by 28% to £4.7m after criticism
Antonio Horta-Osorio was criticised by MPs, investors, and staff after earning £6.5m in 2018, making him Britain's best paid banker.
- Yahoo Finance UK
Lloyds Bank profit dives 26% as PPI costs bite
Lloyds's PPI costs jumped from £750m in 2018 to £2.4bn in 2019, after a surge of claims around the August deadline.
- Business Wire
Barclays Announces Reductions and Extensions of Minimum Early Redemption Size of Certain ETNs
Barclays Bank PLC ("Barclays" or the "Issuer") announced a reduction of the minimum early redemption size of certain series of equity ETNs as specified in the table below. Currently holders of these ETNs are required to redeem a minimum number of ETNs, as specified below, at one time in order to exercise the right to redeem the ETNs directly with the Issuer.
- Business Wire
Form 8.3 - ABBVIE INC - AMENDMENT
- Business Wire
Form 8.3 - ALLERGAN PLC - AMENDMENT
- Business Wire
Form 8.5 (EPT/NON-RI) - NMC HEALTH PLC - Amendment
- Business Wire
FORM 8.3 - SOPHOS GROUP PLC
- Business Wire
FORM 8.3 - SIRIUS MINERALS PLC
