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View the article online at http://citywire.co.uk/wealth-manager/article/a750143

Barclays resembles the Emirates stadium

by Dylan Lobo on May 08, 2014 at 12:23

‘While the updated financial targets are broadly consistent with our existing estimates, we think the shift in business mix from investment banking towards retail & commercial could potentially lead to a re-rating in Barclays’ shares.’

Comments like these suggest Barclays has every chance of hanging on to its Champions League status for the next few years.  

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3 comments so far. Why not have your say?

Pagan Rites

May 08, 2014 at 15:47

So nobody could foresee the drop in revenue from that division but as soon as it happens the knee jerk reaction is to cull. Never has the phrase Lions lead By Donkeys been so apt. Its not just this bank either they all seem capable of wielding the axe to achieve a shareholder outcome whilst creaming off as much personal benefit as possible and holding positions beyond their competence, The only real achievement being to increase the unemployment figures. Yet within 2/3 years or so they will be looking for mugs to join them when they realise there are $$$£££s profit to be made again, and without apology or any conscience whatsoever they will repeat the cycle over and over again. One day soon they will run out of real experienced workers but who cares when you can cripple corporations and get remunerated handsomely whilst in situ, and receive huge payments for leaving the mess behind only to begin it again with another. Even a year 6 child could acknowledge this as the definition of stupidity.

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Pagan Rites

May 08, 2014 at 16:01

Not to mention the corporate and market bull..... "a reset " "rightsizing" "bold simplification" fantastic but isnt it about the thousands of families about to be affected financially. But hey, just keep playing with words and trying to find new words to explain a corporate cock up that means thousands are made redundant I am sure that's well received by those it impacts I am sure they are having a party tonight as the markets have seen it as a positive move. These analysts like the met office more often wrong than right but never openly admit it the best carpet sweepers in the world....at least the first four letters of analyst adequately sums them up.

"Barclays is already low-risk profitable bank, but today’s “reset” is about rightsizing the bank to reflect a smaller addressable investment bank revenue pool and to deliver improved/sustainable return"......this guy must be a riot at a party - whatever happened to plain understandable English or is there an award for utter bo****** , if there is my money is on him. Dear God are we all so mentally dead we should find this as the norm and acceptable. Perhaps its because of people like this we have situations like this.

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S McGee

May 09, 2014 at 08:43

Investec analyst enjoys Barclays redundancies !

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