Barclays Stock Price, News & Analysis

BBPLC is set to launch a rescission offer for eligible investors regarding $17.6 billion in securities issued beyond registered limits. The offer, commencing on August 1, 2022, will remain open for 30 U.S. business days, concluding on September 12, 2022. This action follows prior announcements on March 28 and May 23, 2022. The offer includes structured notes worth $14.8 billion and exchange-traded notes of $2.8 billion. Detailed terms will be outlined in a prospectus supplement filed with the SEC.

Barclays Bank announces the resumption of issuances and sales for several iPath^® ETNs effective August 1, 2022. This follows a previous suspension of these ETNs starting April 28, 2022. The resumption is part of a broader strategy to manage supply and demand fluctuations, potentially impacting trading values. Investors should be aware of the risks including market value fluctuations and potential losses if ETNs are redeemed at unfavorable times.

Barclays Research released the 67th edition of its Equity Gilt Study, which analyzes the impact of geopolitical events, particularly the Russia-Ukraine war, on macroeconomic dynamics. The study highlights increased cooperation among European monetary union members in response to crises, including common policies on defense and energy. Analysts also note a potential shift from globalization towards 'reshoring' supply chains. The report suggests that the previous era of stable growth may be ending, outlining implications for markets worldwide.

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A new study from Barclays Research highlights the effectiveness of Portfolio Trading in the corporate bond market. This strategy reduces transaction costs by over 40% compared to the traditional request-for-quote (RFQ) method. Portfolio Trading now accounts for 8% of market-wide TRACE volume, significantly up from virtually zero in 2018, with inquiries on Barclays' trading desk reaching approximately $175 billion in 2021. The study showcases the benefits stemming from the ETF ecosystem that enhance liquidity and reduce costs for investors.

Barclays has identified an over-issuance of securities beyond the registered amount under its US shelf registration statement. Consequently, Barclays PLC is amending its Annual Report on Form 20-F for 2021 to revise management's assessment of internal controls, including KPMG’s auditor attestation. Until these amendments are filed, the audit report cannot be relied upon. As a precautionary measure, Barclays has suspended its market-making activities for BPLC and BBPLC debt securities and will assess the possibility of resuming these activities in the future.

Barclays Bank announced the suspension of sales of several iPath ETNs effective April 28, 2022, due to the need to restate financial statements from its 2021 Annual Report. This suspension will remain in place until an amended Form 20-F is filed with the SEC. Existing daily redemptions for ETN holders will not be affected. The suspension may lead to fluctuations in market value due to changes in supply and demand dynamics. Investors are cautioned that the ETNs carry significant risks, including potential losses of principal and no guarantees of payment.

Barclays Bank PLC has announced the suspension of sales for its iPath^® Series B Bloomberg Natural Gas Subindex Total Return^SM ETNs (Ticker: GAZ) effective April 25, 2022, due to insufficient capacity under its shelf registration. This suspension may affect the market value of the ETNs, potentially causing fluctuations between indicative value and trading prices. Daily redemptions by holders remain unaffected. Barclays plans to reopen sales once additional capacity is established under a new registration statement filed with the SEC.

Barclays has announced an increase in its minimum hourly pay rate in the United States to $20.50, up from $17.00, effective March 2022. This change will benefit over 900 employees, primarily at Barclays US Consumer Bank. The move reflects the bank's commitment to competitive pay and retaining top talent as it aims to expand its US operations. CEO Richard Haworth emphasized this investment in people as crucial for delivering quality service to clients. Additionally, Barclays has enhanced employee health and well-being benefits, reinforcing its Fair Pay Agenda.