UK 05:10 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This morning, Barclays (BARC) sacked its Chief Executive Antony Jenkins. In a ruthless move, spearheaded by Deputy Chairman Sir Michael Rake, it seems that Jenkins’ vision for the bank did not match the ambitions of the rest of the board. Jenkins wanted to scale back the company’s global investment banking arm, while the board wants to grow this arm aggressively in the pursuit of “profit improvement”. Barclays shares are up 3%, as of writing, at 259p. The market welcomes this move, but should investors follow suit?
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Comments
wildrides
Clearly Barclays have learned nothing from the mis selling debarcle and the corrupt behaviour of investment bankers . They will never recover the profit levels and share price of the bad old days . They might as well re appoint Bob diamond . Wankers.
J P Spaghetti
Wildes – they seem to have learned that based on recent history they can pretty much get away with what they like, alas!