Barclays Stock Price, News & Analysis

Barclays Research published the 66th edition of the Equity Gilt Study, addressing post-COVID economic dynamics. The report highlights risks of a disorderly unwinding of stimulus in the US and Europe, with inflation and debt impacting policy credibility. While a controlled unwind is expected, emerging markets like Brazil and Turkey face heightened vulnerability. The report also discusses the impact of mobility restrictions on global travel and real estate trends, projecting a potential 20% drop in office demand while residential markets may thrive.

Barclays has announced a stock split for several iPath® ETNs, effective June 4, 2021. The splits are as follows: iPath Shiller CAPE ETN (10:1), iPath Series B Carbon ETN (5:1), iPath Series B Bloomberg Agriculture ETN (3:1), iPath Series B Bloomberg Copper ETN (3:1), and iPath Series B Bloomberg Nickel ETN (3:1). Key dates include the record date on June 2 and the pay date on June 3. The ETNs will retain their CUSIP, ISIN, and ticker symbols post-split. Barclays has the discretion to implement this split, aimed at adjusting the trading values of the ETNs.

Barclays has appointed David MacGown as a Managing Director in its Financial Institutions Group (FIG) Banking, effective August 2021. MacGown brings over 30 years of investment banking experience, having previously served at Credit Suisse, Morgan Stanley, and Citigroup. His extensive background includes advising on significant transactions, such as SoFi's $8.65bn merger and Charles Schwab's $26bn acquisition of TD Ameritrade. This appointment aligns with Barclays' commitment to enhancing its FIG Banking franchise.

Barclays has appointed Tim Devine as Managing Director and Co-Head of Financial Institutions Group (FIG) M&A, based in Chicago. With over 25 years in investment banking, he previously led Specialty Finance at Credit Suisse and was a founding member of Citadel's FIG team. Devine's notable transactions include advising on a $4.1bn sale to Ares Capital and a $7.1bn acquisition of GMAC. His appointment supports Barclays’ strategy in enhancing its FIG M&A franchise, following several key leadership changes within the organization.

Barclays Bank PLC announced an extension of the expiration date for its cash tender offer for iPath® Bloomberg Natural Gas Subindex Total Return ETNs (GAZZF), originally set for April 28, 2021, now due on July 29, 2021. The purchase price remains at $0.10 per Note. As of the initial deadline, 3,348,552 Notes, accounting for 46.58% of outstanding Notes, have been tendered. The settlement date for the purchase price is scheduled for August 2, 2021. Noteholders may face trading price fluctuations leading up to the expiration, with potential risks in market volatility affecting value.

Barclays Bank PLC announced a 1 for 4 reverse split of its iPath^® Series B S&P 500^® VIX Short-Term Futures^™ ETNs, effective April 23, 2021. The closing indicative value on April 8, 2021, was $10.3312. Investors will receive one reverse-split adjusted ETN for every four held as of the record date on April 22, 2021. The cash payment for any odd ETNs will be calculated on April 29, 2021, paid by May 4, 2021. Investors are warned of the risks involved, including potential loss of principal.

Barclays Bank PLC has announced changes to the Index constituents during the next quarterly rebalancing starting April 9, 2021. The addition will include Enable Midstream Partners LP (NYSE: ENBL). The iPath Select MLP ETNs, linked to the Index's Volume-Weighted Average Price (VWAP), are subject to significant risks, including no principal protection and possible loss of investment. Barclays does not endorse the investment merits of the securities included in the Index. The Index is designed to provide exposure to midstream US and Canadian partnerships, with specific target weights for its constituents.

Barclays Bank PLC has extended the expiration date for its cash tender offer to purchase all iPath® Bloomberg Natural Gas Subindex Total Return ETNs due October 22, 2037. The new expiration date is April 28, 2021, previously set for March 30, 2021. The purchase price remains at $0.10 per Note. As of March 30, 2021, 3,293,491 Notes, or 45.81% of outstanding Notes, were tendered. Noteholders have until the expiration date to act on their tenders. Market volatility may affect the value of the Notes leading up to the expiration.