Barclays needs some big ideas while share price languishes

Discussion in 'Market News' started by Lily, Feb 7, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Does Jes Staley have a radical reinvention plan? Or is he going to offer another uninspiring round of cost-cutting?

    ‘Our stock price is broadly where it was immediately after the global financial crisis, six years ago,” said Barclays chairman John McFarlane last July, sympathising with the bank’s “incredibly patient” investors and vowing to “accelerate the delivery of shareholder value”.

    His observation about the share price is now out of date. Barclays has plunged from 280p to 173p – back to where it was in the dark days of 2012 when Bob Diamond was forced to resign as chief executive.

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