Tuesday preview: Barclays reports full-year results
Barclays will hog the spotlight on Tuesday as it reports its full-year results.
Banks
4,061.03
16:15 26/04/24
Barclays
204.55p
16:15 26/04/24
FTSE 100
8,141.91
16:15 26/04/24
FTSE 350
4,470.86
16:15 26/04/24
FTSE All-Share
4,424.23
16:15 26/04/24
Analysts forecast the lender will report a pre-tax profit of £5.3bn, compared to a restated £4.9bn in 2013.
The bank is expected to set aside more money for potential fines for foreign exchange fines and to add to its compensation tab for UK customer mis-selling, cutting into profits.
Chief executive Antony Jenkins has said the £500m the bank set aside last year would not be enough.
Numis said the focus will be on revenue in the Investment Bank, the lender’s worst performing division. Jenkins has endeavoured to shrink the division as part of the Transform restructuring programme.
UBS Group analyst John-Paul Crutchely said he’d be “surprised” if Barclays did not announce a resizing of the investment bank again this year.
Tuesday 2 March
INTERIMS
Clinigen Group, ISG
Q3
Ashtead Group
IMS
Stagecoach Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Vehicle sales (US)
FINALS
Barclays, Breedon Aggregates Ltd., Costain Group, Direct Line Insurance Group, Fisher (James) & Sons, Foresight Solar Fund Limited, Glencore, Hydro International, Jardine Lloyd Thompson Group, Johnson Service Group, JSC KazMunaiGaz Exploration Production GDR (Reg S), Laird, Martinco, Moneysupermarket.com Group, Pace, Paddy Power Partnership Assurance Group, Quartix Holdings, Regus, Taylor Wimpey, Total Produce, Travis Perkins, Tullett Prebon
AGMS
CareTech Holding, Sage Group, Sanderson Group, SSP Group
UK ECONOMIC ANNOUNCEMENTS
Construction PMI (09:30)