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Barclays PLC Share price rises as Antony Jenkins leaves

The trading price for Barclays PLC EPIC code: LON:BARC have increased 3.49% or 8.8 points during today’s session so far after the bank announced the departure of Antony Jenkins as Chief Executive and the appointment of John McFarlane as Executive Chairman pending the appointment of a new Chief Executive. Investors have remained optimistic throughout the trading session. The periods high has already touched 261.05 while the low for the session was 258.05. The number of shares traded by this point in time totalled 23,139,446 whilst the daily average number of shares exchanged is just 47,181,531. The stock 52 week high is 276.62 equating to 24.47 points different to the previous business close and a 52 week low sitting at 201.75 making a difference of 50.4 points. Barclays PLC now has a 20 simple moving average of 268.72 and also a 50 day moving average now at 266.84. Market capitalisation is now £43,770.17m at the time of this report. The currency for this stock is Great British pence.Market cap is measured in GBP. This article was written with the last trade for Barclays PLC being recorded at 08/07/2015 09:08 GMT with the stock price trading at 260.95 GBX.

Subject to regulatory approval the change will come fully into effect on 17 July 2015 when John retires from FirstGroup. A search for Mr Jenkins’ successor is underway. The interim results will be announced as planned on 29 July 2015.

Sir Michael Rake Deputy Chairman and Senior Independent Director of Barclays PLC commented, “I reflected long and hard on the issue of Group leadership and discussed this with each of the Non-Executive Directors. Notwithstanding Antony’s significant achievements, it became clear to all of us that a new set of skills were required for the period ahead. This does not take away from our appreciation of Antony’s contribution at a critical time for the company.”

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