Senin, 16 September 2013

Beranda » » Barclays reports £500m income fall

Barclays reports £500m income fall

The size of Barclays rights issue is much larger than analysts had expected.Barclays new shares will start trading in early October

Barclays Bank reported a fall in income of £500m in July and August from a year ago and says it "remains cautious" about the current environment.

The drop was thanks to "significantly" lower revenues in its investment banking division.

The bank also gave more details of the £5.95bn it wants to raise by issuing new shares to plug a £12.8bn capital shortfall.

Shareholders are being offered one new share at 185p for every four they own.

The new shares are expected to begin trading on October 4th.



Source: BBC News - Business http://www.bbc.co.uk/news/business-24112400#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa