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Barclays PLC (BCS)

NYSE - NYSE Delayed price. Currency in USD
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8.83-0.14 (-1.56%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous close8.97
Bid8.80 x 38500
Ask9.50 x 45100
Day's range8.76 - 8.93
52-week range3.41 - 9.34
Avg. volume4,548,819
Market cap38.808B
Beta (5Y monthly)1.37
PE ratio (TTM)78.84
EPS (TTM)0.11
Earnings dateN/A
Forward dividend & yield0.06 (0.63%)
Ex-dividend date25 Feb 2021
1y target est11.08
  • Argentina Considers Using New IMF Reserves for Loan Payment

    Argentina Considers Using New IMF Reserves for Loan Payment

    (Bloomberg) -- Argentina is considering using new reserves to be issued by the International Monetary Fund to make a payment due to the lender in September, according to a person with direct knowledge, a move that would allow more time to overhaul an outstanding $45 billion loan.The new IMF reserve assets, called special drawing rights, or SDRs, would give cash-strapped Argentina fresh funding to pay the $1.9 billion principal maturity, avoiding a default with the Washington organization if the country can’t reach a deal on the program by September, said the person. The decision to use the reserves for that payment is still being discussed within the government’s leftist coalition, the person added, asking not to be named because discussions are private.Spokespersons for the Argentine Economy Ministry and the IMF declined to comment.The South American nation has been in talks with IMF officials on a revamped program since last September after the $45 billion loan agreed in 2018 collapsed, failing to lift the crisis-prone economy. While both parties said a deal could be reached by May, little progress beyond technical talks has been made so far and key midterm elections in October complicate the outlook for the government agreeing to fiscal austerity.“A new IMF allocation of SDRs would boost reserves further and so could encourage the government to delay an IMF program,” said Pilar Tavella, economist at Barclays Capital Inc. “It would make a delay scenario less harsh on reserves and the macro environment in general.”The government has already indicated that it will prioritize the content of the deal over the speed of a resolution.“We want to find a deal, but it has to be a deal that’s convenient for Argentina,” President Alberto Fernandez said at a press conference on Tuesday. “I want a deal that doesn’t cost the Argentines more than what they have tolerated already.”Read More: Opposition to an IMF Deal Could Prolong Argentina’s CrisisBoosting ReservesThe Group of 20 largest economies, which includes Argentina, on Friday moved closer to a separate deal on boosting the IMF’s reserves to help nations devastated by the global pandemic, according to other officials familiar with the discussions.Talks focused on a proposal for a $500 billion allocation of the SDRs, but the final decision likely will come closer to the lender’s spring meetings in April, the officials said, asking not to be identified before a public statement. Argentina would receive about $3.35 billion from such a move.Read More: G-20 Moves Toward Consensus on IMF Reserve Firepower BoostFernandez’s administration has previously used existing SDRs for a $305 million interest payment due with the Fund this month. The SDRs are units of account used by the IMF and act as reserves for member countries. They are awarded to all the Fund’s members in proportion to their quota at the organization.On top of September’s obligation, the country faces this year another $1.9 billion principal payment with the IMF in December and three interest maturities in May, August and November for a total of about $1 billion, according to the Economy Ministry. The nation currently has 940 million SDR, equivalent to $1.36 billion, as part of its international reserves.Argentina “fully supports” an allocation of SDRs as they are “urgently needed” for low- and middle-income countries, Economy Minister Martin Guzman said during a G-20 finance ministers and central bank governors meeting on Friday. “If we don’t take the necessary measures at the global level, the recovery will certainly be asymmetric,” he said.(Updates to add analyst comment and table with upcoming payments.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Business Wire

    Barclays Bank PLC Announces Extension of Cash Tender Offer and Consent Solicitation

    Barclays Bank PLC (the "Issuer") announced today that it has extended the expiration date of its previously announced cash tender offer (the "Offer") to purchase any and all of its iPath® Bloomberg Natural Gas Subindex Total ReturnSM ETNs due October 22, 2037(Ticker: GAZZF / CUSIP: 06739H644 /ISIN: US06739H6449) (the "Notes" or "ETNs") and solicitation of consents (the "Consent Solicitation") from holders of the Notes (the "Noteholders") to amend certain provision of the Notes (the "Proposed Amendment"), subject to applicable offer and distribution restrictions set out in the Amended and Restated Offer to Purchase and Consent Solicitation Statement dated February 26, 2021 (which may be further amended or supplemented from time to time, the "Statement"). Noteholders who validly tender (and do not validly withdraw) their Notes will be deemed to have consented to the Proposed Amendment under the Consent Solicitation.

  • Financial Times

    Amanda Staveley loses High Court battle against Barclays

    Amanda Staveley has lost her High Court case against Barclays, despite the judge ruling that the bank was “guilty of serious deceit” towards her investment firm, PCP Capital Partners, over a 2008 fundraising. PCP had brought a civil lawsuit against Barclays, alleging deceit over its capital raising with Qatar, which was heard last year. In the 2008 banking crisis, PCP had been involved in abortive efforts to put together a consortium to invest in Barclays with Abu Dhabi royal Sheikh Mansour.