Barclays refuses to rule out rights issue

Thu May 15, 2008 10:05am BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - British bank Barclays, facing growing pressure over its capital strength, refused to rule out a rights issue to lift ratios currently at the lower end of the UK sector and said all options remained open.

"We are clear that all the options remain available," finance director Chris Lucas told reporters on a conference call after the bank's first-quarter trading statement.

"We are not going to rule in or rule out anything."

Lucas dismissed, however, speculation the bank could follow rivals and pay its interim dividend in shares as a measure to help bolster its balance sheet.

"Our view on scrip dividends is they are not really a dividend, and therefore are not attractive to us," he said.

(Reporting by Clara Ferreira-Marques and Steve Slater)

 
Currency
US $ inGBP =0.5574
Euro inGBP =0.8025
¥en inGBP =0.0051

Most Popular on Reuters UK

  • Articles
  • Videos
  • Searched
  • Recommended