British-bank Barclays is because of report its first-quarter numbers on Thursday, April 25.
In line with knowledge agency Refinitiv, Barclays is predicted to report a first-quarter web revenue of 875.6 million kilos, as in comparison with the heavy losses of 764 million kilos reported within the first-quarter of 2018.
Earlier this 12 months, Barclays reported a full-year web revenue of £1.four billion ($1.82 billion) for 2018, swinging again to the black after 2017 losses. The financial institution additionally put aside a Brexit provision of £150 million in its 2018 outcomes.
Nevertheless, the financial institution stays beneath strain from its shareholders over its turnaround technique. In February, U.S. hedge fund Tiger International Administration dumped all of its stake in Barclays. The New York-based hedge fund had been one of many prime 10 traders in Barclays and held a stake of two.5 p.c.
Barclays’ first-quarter numbers come at a time when the financial institution can also be dealing with strain from activist investor Edward Bramson forcing his method on to the board. Bramson’s Sherborne Traders holds a 5.5 p.c stake within the financial institution.
In line with Reuters, Bramson needs Barclays to cut back sources allotted to its funding models.
Barclays’ shares are down greater than 21 p.c over a 12-month interval.