Barclays H1 pretax profit -17%, to issue £5.8B in new shares

Barclays (BCS): H1 pretax profit -17% to £3.59B. Statutory attributable profit £671M vs £148M a year earlier. Adjusted attributable profit -25% to £2.06B.

To issue £5.8B in new shares in order to meet regulatory requirements to boost its capital, and will offer stockholders one new share for every four they own at 185 pence each, well below the bank's closing price of 309.05 pence yesterday.

Barclays will also issue £2B of bonds that can be converted into shares or will be wiped out if the bank gets into difficulties. (PR)

Sets aside another £1.35B for mis-selling Payment Protection Insurance and £650M for compensation related to interest-rate hedging products.

Remain cautious about the environment, with the focus remaining on costs and capital.

Q2 dividend 1 pence a share. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs