Barclays Stock Price, News & Analysis

Barclays Bank PLC has announced a consultation process regarding proposed changes to the CIBC Atlas Select Index, which underlies the iPath® Select MLP ETNs. The key modification would extend the quarterly rebalancing period from four to eight business days, with implementation expected on April 11, 2025.

Barclays Index Administration (BINDA) is accepting feedback on these changes until March 26, 2025. Interested parties can submit their input through BINDA as detailed in the Consultation Announcement. The bank emphasizes that investment in these ETNs carries significant risks and may not suit all investors, as they are riskier than ordinary unsecured debt securities and lack principal protection.

Barclays has unveiled Barclays Live, a next-generation client research portal designed to provide personalized market insights and analysis. The platform features a modern interface with enhanced navigation and analytical capabilities, focusing on delivering tailored experiences to each client.

Key features include specialized 'Hubs' that aggregate cross-asset expert opinions, Signature reports, events, and data in streamlined locations, covering various market themes from Deepseek to Tariffs 2.0. The platform also introduces 'Flip-Cards', offering scenario analysis tools that enable clients to explore alternative market perspectives.

According to 2024 Extel surveys, Barclays ranks #3 in Global Fixed Income, #5 in European Equity Research, and #8 in U.S. Equity Research among major investors.

Barclays has announced two strategic appointments to its Americas Financial Sponsors Group, hiring Isobel van Daesdonk and Scott Willard as Managing Directors based in New York. Both will report to Christian Oberle, Head of the Americas Financial Sponsors Group.

Van Daesdonk brings 25 years of investment banking experience, joining from Guggenheim Securities where she was Senior Managing Director. She previously spent 20 years at Deutsche Bank, maintaining strong relationships with clients including Bain, Roark, and New Mountain Capital.

Willard contributes over 20 years of investment banking experience, having served at Deutsche Bank, UBS, and Nomura Securities, with established relationships with CD&R, CVC, KKR, and other top Financial Sponsor clients.

Barclays Bank PLC has announced updates to its cash tender offers and consent solicitations for four series of exchange-traded notes (ETNs). The bank has completed one tender offer for the iPath® Bloomberg Copper Subindex ETN, accepting 126,142 notes at $55.00 per note, totaling $6,937,810.

For the remaining three ETN series (Extended Series), Barclays has extended the expiration deadline from January 29, 2025, to March 26, 2025. The Extended Series include:

• iPath® CBOE S&P 500 BuyWrite IndexSM ETN at $130.00 per note
• iPath® Bloomberg Livestock Subindex Total ReturnSM ETN at $24.00 per note
• iPath® Bloomberg Energy Subindex Total ReturnSM ETN at $7.00 per note

The purchase prices reflect a premium to the Closing Indicative Note Values as of January 29, 2025. Settlement for the Extended Series is scheduled for April 2, 2025, unless further extended or terminated early.

Barclays Research has released a new Impact Series report highlighting that AI growth could lead to a tripling of US data-centre usage by 2030. The report projects an increase from 150-175 terawatt hours (TWh) in 2023 to 560 TWh, equivalent to 13% of current US electricity demand.

Currently, data centres consume 1.0%-1.5% of global electricity, excluding cryptocurrencies. The report emphasizes the significant challenges in balancing emissions targets with AI advancement, suggesting that power conservation efforts through efficiencies may have impact in offsetting AI proliferation.

The analysis calls for collaboration between policymakers, tech companies, and the energy industry to ensure AI development remains both socially beneficial and environmentally sustainable, as the infrastructure demands could significantly impact global electricity demand and net-zero targets.

Barclays Bank PLC has announced amendments to the purchase price for certain series of its exchange-traded notes (ETNs) in connection with its previously announced cash tender offers and consent solicitations. The amended purchase prices affect two ETN series: the iPath® CBOE S&P 500 BuyWrite IndexSM ETN (BWVTF) with a new purchase price of $130.00, and the iPath® Bloomberg Energy Subindex Total ReturnSM ETN (JJETF) with a new price of $7.00.

These prices represent a premium to the Closing Indicative Note Values as of January 13, 2025. The expiration date remains January 29, 2025, with payment scheduled for February 5, 2025. Noteholders who have already tendered their notes are not required to take any further action, and the amended prices will apply to their submissions.

Barclays Bank PLC has announced an extension of cash tender offers and consent solicitations for four series of its exchange-traded notes (ETNs). The expiration deadline has been extended from November 20, 2024, to January 29, 2025, at 6:00 p.m., New York City time. The tender offers include specific purchase prices for each ETN series, offering premiums above their Closing Indicative Note Values as of November 20, 2024. The affected ETNs include products tracking S&P 500 BuyWrite Index, Bloomberg Livestock, Copper, and Energy indices. The purchase price is payable on February 5, 2025, unless further extended or terminated early.

Barclays Bank PLC has amended the purchase price for certain series of its exchange-traded notes (ETNs) in its ongoing cash tender offers and consent solicitations. The updated purchase prices affect two ETN series: the iPath® CBOE S&P 500 BuyWrite Index ETN at $120.00 (from $110.9504) and the iPath® Bloomberg Livestock Subindex Total Return ETN at $24.00 (from $21.9795). The expiration date remains November 20, 2024, with payment scheduled for November 26, 2024.

The purchase prices reflect a premium to the Closing Indicative Note Value as of November 4, 2024, though they may be lower than the trading price on the expiration date. Previously tendered notes remain valid under the amended terms.

General Motors (NYSE: GM) and Barclays US Consumer Bank have entered into a long-term partnership agreement for Barclays to become the exclusive issuer of the GM Rewards Mastercard and GM Business Mastercard in the United States starting next summer. The partnership aims to enhance loyalty and engagement with millions of GM customers.

Key points:

• GM has the largest customer base of any automaker in the US
• The GM credit card portfolio, launched in 1992, is one of the nation's longest-tenured cobrand credit card programs
• Cardmembers can earn and redeem rewards on new Chevrolet, Cadillac, Buick, and GMC vehicles, including GM's new electric vehicle lineup
• Barclays will acquire the card program's receivables from the current issuer next year
• The partnership aligns with Barclays' growth strategy to establish partnerships with America's best brands