Barclays Stock Price, News & Analysis

Barclays Bank PLC has announced it will exercise its issuer call option to fully redeem 21 series of iPath^® ETNs on June 14, 2023. Effective immediately, the bank will waive the minimum redemption size for these ETNs, allowing holders to redeem any number. The cash payment for each ETN will be based on the closing indicative value on June 7, 2023, the valuation date. Trading will cease on June 8, 2023, prior to the redemption date. Investors are advised to consult the prospectus for detailed instructions on the redemption process and to recognize that the ETNs involve significant risks, including no principal protection and reliance on Barclays' creditworthiness. The bank intends to continue selling the ETNs from its inventory until the valuation date.

Barclays Bank PLC has announced a 1 for 4 reverse split of its iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs, effective on March 7, 2023. The ETNs currently trade under the ticker symbol VXX on the CBOE BZX Exchange. The record date for this reverse split is set for March 6, 2023, with holders receiving a new reverse-split adjusted ETN for every four held, plus cash payments for any partial holdings. The ETNs pose significant risks, including lack of principal protection and exposure to fluctuations in the underlying index. For details on risks and processes, refer to the relevant prospectus.

Barclays has appointed Taylor Wright and Cathal Deasy as Co-Heads of Investment Banking, effective March 27, pending regulatory approvals. Both leaders will manage business operations across various coverage and product groups, aimed at enhancing client relationships and global deal-making. Reporting to Paul Compton, Barclays' Global Head of Corporate & Investment Bank, their appointments signal a strategic move towards building a stronger investment banking franchise.

Wright has been with Barclays since 2019, previously serving as Global Co-Head of Capital Markets, while Deasy comes from Credit Suisse, where he led significant M&A initiatives in Europe.

Barclays' Impact Series report highlights the growing challenges to global food security, exacerbated by the war in Ukraine and extreme weather. The report warns that ongoing food price pressures could lead to shortages, particularly in vulnerable countries. Key findings include the potential for social unrest due to rising food insecurity, reduced crop yields from climate impacts, and increasing trade protectionism which threatens the availability of essential food crops. The report underscores that previous gains in reducing hunger and poverty are at risk.

Barclays Bank PLC has announced the exercise of its issuer call option to fully redeem its iPath® S&P GSCI® Crude Oil Total Return Index ETNs (Ticker: OILNF) on January 25, 2023. The redemption will occur after obtaining consent for amendments to the ETNs’ indenture, allowing Barclays to redeem all outstanding ETNs. The valuation date for the redemption is set for January 18, 2023. Investors are advised to review the associated risks and procedures outlined in the ETNs’ prospectus before making investment decisions.

Barclays Bank PLC announced the results of its cash tender offer for its iPath® S&P GSCI® Crude Oil Total Return Index ETNs due August 14, 2036. The offer, which expired on January 3, 2023, saw 190,031 Notes accepted, representing 52.36% of the outstanding Notes, with an aggregate purchase price of $38,401,464.48. The consent solicitation for amending certain provisions of the Notes was successful, allowing the Issuer to redeem all outstanding Notes soon after the amendment. Settlement for accepted Notes will occur on January 5, 2023, with the purchase price at $202.08 per Note.

Barclays Bank PLC announced the purchase price of $202.08 per note for its cash tender offer to buy all iPath S&P GSCI Crude Oil Total Return Index ETNs due August 14, 2036. This purchase price reflects a 3% premium over the closing indicative note value of $196.19 as of January 3, 2023. The offer and consent solicitation will expire at 11:59 p.m. New York City time on January 3, 2023. Noteholders must validly tender their notes before this expiration to receive the purchase price. Barclays reserves the right to amend or withdraw the offer at any time.

Barclays has appointed 85 new Managing Directors in the Corporate and Investment Bank, effective January 1, 2023. This class is recognized for guiding clients through challenging economic environments while exemplifying the company's core values. Paul Compton, Global Head of the division, emphasized their leadership and accountability, noting their role will be pivotal in achieving Barclays' ambitious growth targets in the sector.

Barclays has appointed Jim Rossman as the new Global Head of Shareholder Advisory, based in New York. He previously led the Shareholder Advisory group at Lazard, which he founded in 2013, and has over 30 years of experience in investment banking and corporate law. Rossman specializes in advising on shareholder activism, corporate governance, and strategic investor relations. Gary Posternack, Global Co-Head of M&A at Barclays, highlighted Rossman's extensive knowledge and relationships, which are expected to add significant value to their clients amid changing investor dynamics.