Barclays PLC is one of the world’s major banks and financial services providers. It is a British company, based in London, with over 300 years of history and expertise. It is the UK’s second largest bank by assets.
The bank operates in nearly aspect of the banking industry, with an extensive international presence in Europe, the Americas, Africa and Asia.
Barclays PLC operates in wholesale, retail and investment banking, mortgage lending, credit cards, and wealth management.
It has three main business units: Corporate Banking, Investment Banking, and Wealth and Investment management.
Barclays PLC currently operates in more than 50 countries and employees over 132,300.
The origins of the company trace back to two goldsmith bankers, John Freame and Thomas Gould, who started business in London in 1690. The business took on James Barclay (John Freame’s son’s brother-in-law) in 1736.
In 1896 a group of 20 small private family banks (including the one that Freame and Gould founded) joined together to form a new bank called Barclay and Company Limited.
Barclays PLC was created in 1985 when the international and UK operations of Barclays Bank PLC were brought together.
Overview
- CEO: Antony Jenkins
- Chairman: John McFarlane
- Industry: Banking
- Type: Public limited company
- Listed on the London and New York Stock Exchanges.
- LSE stock symbol: BARC
- NYSE stock symbol: BCS
- Income: £25.768 billion GBP (2014)
- Profit after tax: £845 million GBP (2014)
- Earnings per share: (0.7) pence (2014)
- Founders: John Freame and Thomas Gould
- Founded: 1690
- Headquarters: One Churchill Place, Canary Wharf, London, United Kingdom
- Employees: 132,300 (2014)
- Website: http://group.barclays.com/
- Investor relations contact number: +44 (0) 20 7116 1000
- Investor relations email: [email protected]
Barclays PLC Financial Results, Years Ended December 31
| Operating data (in millions of GBP £ ) | 2014 | 2013 |
| Net interest income | £12,080 | £11,600 |
| Net fee and commission income | £8,174 | £8,731 |
| Total income | £25,768 | £28,444 |
| Total income net of insurance claims | £25,288 | £27,935 |
| Net operating income | £23,120 | £24,864 |
| Operating expenses | £(20,429) | £(21,972) |
| Profit before tax | £2,256 | £2,868 |
| Profit after tax | £845 | £1,297 |
| Total comprehensive income/(loss) for the year | £3,447 | £(3,294) |
| Balance sheet data (in millions of GBP £) | ||
| Total assets | £1,357,906 | £1,343,628 |
| Total liabilities | £1,291,948 | £1,279,679 |
| Total equity | £65,958 | £63,949 |
| Common share data (in £) | ||
| Earnings per share – basic (in pence) | (0.7) pence | 3.8 pence |
| Earnings per share – diluted (in pence) | (0.7) pence | 3.7 pence |
| Cash flow data (in millions of GBP £) | ||
| Net cash from operating activities | £(10,441) | £(24,942) |
| Net cash from investing activities | £10,655 | £(22,645) |
| Net cash from financing activities | £(3,058) | £5,910 |
| Cash and cash equivalents at beginning of year | £81,754 | £123,233 |
| Cash and cash equivalents at end of year | £78,479 | £81,754 |
Source: “Barclays PLC Annual Report 2014”