Tough times for Barclays (BARC). It has given up this year's share price gains, and what was most concerning about its third-quarter figures were the extra expected costs and reduced shareholder returns from the regulatory-driven restructure of the bank. This is going to cost the bank £1bn over the life of the programme, £100m of which has already been spent. Together with tax changes, the restructuring has also brought targets for 2016 core return on equity down by 1 percentage point to 11 per cent.
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