Barclays' (BCS) Restructuring Efforts Aid Amid Uncertainties [Yahoo! Finance]
Barclays PLC (BCS)
US:NYSE Investor Relations:
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Company Research
Source: Yahoo! Finance
The company's recent inorganic expansion initiatives are expected to further boost its profitability. However, uncertainties in the capital markets are likely to impede revenue growth to some extent. BCS' initiatives to enhance operating efficiency over the last few years have been coming to fruition, which is demonstrated by the reduction in expenses. Though total operating expenses witnessed a rise in 2022 and 2023, the metric saw a decline at a compound annual growth rate (CAGR) of 2.4% over the six-period ended 2021. Business restructuring efforts are likely to bolster cost management, keeping overall costs under control. Barclays plans to pursue further cost-minimizing efforts to improve efficiency. The structural cost initiatives are expected to reduce the cost by £500 million in 2024. Total gross efficiency savings of £2 billion are expected by 2026. Barclays has been simplifying operations and focusing on core businesses over the past few years. It announced changes to i
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BCS
News
- Barclays Is the Latest Firm to Face Anti-ESG Wrath in Oklahoma [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Barclays (BCS) Initiates Job Cuts Across IB & Research Units [Yahoo! Finance]Yahoo! Finance
- UPDATE 1-Games Global targets up to $2.1 bln valuation in US IPO [Yahoo! Finance]Yahoo! Finance
- Games Global targets up to $2.1 bln valuation in US IPO [Reuters]Reuters
- STARWOOD CAPITAL GROUP, CRESCENT REAL ESTATE AND HIGH STREET REAL ESTATE PARTNERS SELL 1 HOTEL AND EMBASSY SUITES NASHVILLE TO HOST HOTELS AND RESORTS [Yahoo! Finance]Yahoo! Finance
BCS
Sec Filings
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- BCS's page on the SEC website