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Barclays plans cost cuts, bumper buybacks in bid to boost shares

Barclays plans cost cuts, bumper buybacks in bid to boost shares
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Barclays lays out strategy revamp in bid to revive fortunes

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.

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Barclays plans cost cuts, bumper buybacks in bid to boost shares

Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds to shareholders and investing in.

City ofUnited kingdomPaul comptonAnna crossAlexander smithLawrence whiteRichard marwoodIain withersDeutsche bankRoyal london assetSinead cruise

Barclays focuses on Britain, cost cuts, buybacks to win over investors

Barclays unveiled a three-year plan to revive its share price, prioritizing profitable lending operations and reducing assets in the investment bank. The strategy update includes cost-cutting, job cuts, and a focus on the UK retail bank. Barclays aims for a return on tangible equity of over 12% by 2026.

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