Tesco Plc

Barclays Plc

Barclays Bank PLC represents only the Legal & General Marketing Group of companies for life assurance, pensions and unit trust business. Barclays Bank PLC is regulated by the Financial Services Authority. Barclays Bank PLC is an insurance intermediary and member of the General Insurance Standards Council.

Barclays, the UK's largest credit card issuer, announced that it has signed a distribution deal with South Africa's Standard Bank that will enable it to sell credit cards into the country. Barclays which has 11m customers worldwide, will announce the alliance to help it market credit cards to Standard Bank's customer base.

The move is an important step for Barclays, which has 1.32m cardholders outside the UK and wants to create an international card business that is as important as its operations in the UK. Gary Hoffman, chief executive, believes Barclays could sign up to 1million new card customers in South Africa in the next decade.

Barclays, which has 55,000 credit card customers in Africa, is also relocating the headquarters of its Barclays Africa division from London to Johannesburg. The credit card push marks the first expansion in South Africa by a division of Barclays since the bank pulled out of the country in 1986 during the apartheid era. However other divisions of Barclays are not set to re-enter South Africa.

Barclays is thought likely to use direct mailing to customers of Standard Bank to help win new customers.Last week Barclays reported a 22 per cent increase in first-half operating profits to £381m ($614m) helped by strong growth in the UK and by international card operations that moved into profit for the first time.Headquartered in London, Barclays Capital is the investment banking division of Barcleys PLC, one of the largest multi-national financial services groups in the world.

With a focus on financing, risk management and corporate finance advisory services, they act internationally as an intermediary and adviser to corporates, financial institutions, governments and supranational organisations.

Barclays Capital and Bloomberg drive market development with the launch of electronic trading of interest rate swaps.

The Barclays Capital credit research team has gained recognition from a variety of publications for their expertise in credit research. Most recently, the team achieved top five positions in seven categories for Credit Magazine's "Credit Analysts of the Year". In addition, Paul has gained a top five ranking in his previous role.

Barclays Capital is the investment banking division of Barclays Bank PLC, one of the largest multi-national financial services groups in the world. With a focus on financing, risk management and corporate finance advisory services, Barclays Capital acts internationally as an intermediary and adviser to corporates, financial institutions, governments and supranational organisations.

Source: www.barcap.com

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