Shares of Barclays Plc were gaining more than 6 percent on London stock exchange as well as around 8 percent in pre-market activity on the NYSE after the British lender announced a new 2 billion pounds, three-year cost efficiency savings plan, as well as its plan to return 10 billion pounds of capital to shareholders.
Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.
Shares were 6.6% higher at.
Barclays laid out
plans and revised targets in an attempt to boost its appeal to
investors on Tuesday. Here is a summary of the Barclays strategy. REVISED.
Barclays announced on Tuesday that it had posted a lower-than-expected taxable profit in the fourth quarter, but the key objectives unveiled in connection with its strategic plan appealed to the.
Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul.