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Up 48% on the day so far.....
8)
No but my BP shares are taking a kicking thanks to all these banks going cap in hand to the government
Some people are going to be making money!
Do they know something we don't...?
funnily enough mymate who works for barclays posted on his facebook yesterday that he thought prices might be goig up today
Barclays released an open letter this morn from the Chief Exec saying year-on-year profits to be released in early Feb will still be strong, despite 8bn of investment losses, and they don't need any the government liquidity cash (but will use the investment insurance scheme.
Clearly investors saw this as a show of strength, rather than protesting too much 😉
Nothing to do with our middle eastern friends taking 65% control of Barclays if they end up having to request further assistance from outside? So, after the 6 month deadline how long before John Varley leaves?