HALISTER: Barclays To Sell Down African Business, 2015 Loss Widens

Barclays To Sell Down African Business, 2015 Loss Widens

(Bloomberg) -- Barclays 2015 net loss attributable GBP394m vs loss GBP174m y/y; adj. net income GBP2.70b vs profit GBP2.78b y/y.
  • Statutory pretax GBP2.07b vs GBP2.26b
  • Adj. pretax GBP5.40b vs GBP5.5b
  • Plans to sell down BAGL stake, seeks deconsolidation in 2 to 3 years
  • 20 buys, 7 holds,1 sell: Bloomberg data
  • NOTE: Stock down 21% YTD vs SX7P down 19%
  • Follow live earnings blog here
  • Preview here
  • EARLIER: Barclays Africa Profit Rises as U.K. Parent Considers Exit
  • Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BARC LN (Barclays PLC)

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