7/102 sources · 2 publishersUpdated Oct 24, 19:13 UTC
Barclays launches £500 million share buy‑back program
Barclays PLC announced a new share repurchase programme of £500 million, to be carried out by J.P. Morgan Securities on the London Stock Exchange. The buy‑back will commence after the current £1 billion programme ends and is scheduled to conclude on 16 April 2027, subject to regulatory approval. The bank also reported a 12 % rise in pretax profit and a plan to cut 5,000 jobs.
Why it matters
The additional buy‑back will reduce the number of shares outstanding, potentially supporting earnings per share and the share price. The programme extends Barclays' capital‑return strategy through early 2027.
Key facts
- 1Barclays announced a new £500 million share buy‑back programme. marketscreener.com
- 2The buy‑back will be executed by J.P. Morgan Securities on the London Stock Exchange. theglobeandmail.com
- 3The programme will start after the existing £1 billion buy‑back ends. marketscreener.com
- 4The buy‑back is scheduled to run until 16 April 2027, subject to regulatory approval. theglobeandmail.com
- 5Barclays reported a 12 % increase in pretax profit. marketscreener.com
- 6Barclays plans to cut 5,000 jobs. marketscreener.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.