London, June 8, 2026, 10:07 BST
- Barclays slipped close to 1.2% in late London trade. The FTSE 100 also traded lower.
- The bank said it repurchased more shares for cancellation, bringing total buys in the current program to 68.6 million shares.
- Ongoing market stress and earlier worries about credit losses are still the big overhang.
Barclays PLC shares dropped on Monday morning in London trading, following losses across UK banks. The lender reported a fresh buyback of stock as part of its ongoing program to cut its share count.
Barclays was last quoted at 452.10p to sell and 452.25p to buy, off 5.65p, or 1.23%, on delayed Hargreaves Lansdown data. The FTSE 100 slipped 0.42%.
Barclays is leaning on capital returns to keep investor support for its turnaround, making this move important. A buyback is when a company buys its own shares and usually cancels them, so each share left stands for a bigger piece of the business.
Barclays reported in a filing that it repurchased shares from June 1 to June 5 via J.P. Morgan Securities, paying daily volume-weighted average prices from 454.6954p to 464.6003p. Barclays will cancel these shares, which cuts the total to 13.55 billion voting shares.
Barclays bought 68.6 million ordinary shares at an average price of 439.9599p on the London Stock Exchange since starting its buyback programme on April 29, according to the filing.
Barclays wasn’t the only one under pressure. Lloyds Banking Group fell, and NatWest slipped in delayed trade, so the weakness stayed across UK bank stocks, not just one name.
Global stocks slipped as tech sold off and Middle East tensions rose. “Things could get a bit hairier today,” Kyle Rodda, senior financial market analyst at Capital.com, told the Guardian. Brent crude was trading close to $98 a barrel, raising worries over inflation and rates. The Guardian
Profit targets and capital strength are still the core of Barclays’ investment story. Back in April, CEO C.S. Venkatakrishnan pointed to “another solid quarter” as the bank posted a 13.5% return on tangible equity and a 14.1% common equity tier 1 ratio. Both numbers include key profit and capital metrics. Sharecast
Barclays still has gaps to fill, analysts say. Matt Britzman, senior equity analyst at Hargreaves Lansdown, called the first-quarter results “steady rather than spectacular” and said Barclays needs to prove its revamped investment bank can hold its own against U.S. players as markets shift. HL
Buybacks might not be enough if credit conditions or markets get worse. Barclays took a £228 million single-name charge in Q1 and put another £105 million into its motor finance reserves, according to Morningstar analyst Niklas Kammer. He is sticking with his 435p fair value on the stock and called shares fairly valued.
Barclays shares are acting more like a bank in a risk-off trade right now, not a stock riding renewed capital returns. The question ahead is if Barclays can keep its share count moving down without another hit from credit surprises.
