BARC Barclays Plc

RNS Number:9848B
Barclays PLC
6 December 1999



The issuer has advised that the Barclays PLC 'Re Analysts Meeting etc'
announcement released at 07:01 today under RNS No 9569b contained  typographical
errors.  The full corrected text is shown below.


BARCLAYS PLC
PRE-CLOSE BRIEFINGS WITH ANALYSTS

Barclays PLC ("Barclays") will be meeting analysts ahead of its close period
for the year ended 31st December 1999. 

In the third quarter of 1999, all the Group's businesses continued the good
performance experienced in the first half of 1999.  Key trends affecting the
performance are as follows:

Net interest income: Within Retail Financial Services consumer lending growth
has continued, albeit at a slower rate than the first half of 1999 reflecting
lower market growth trends.  At 30th September 1999, UK credit card receivable
outstandings were #6.1bn (30th June 1999: #5.8bn).  In Corporate Banking there
has been modest growth in loans to corporates in the United Kingdom during the
third quarter of the year.

In the third quarter UK retail deposits have seen steady growth in line with
the market and at a similar rate to the first half of the year, while UK
corporate deposits remained broadly flat. 

Within Retail Financial Services in the third quarter, the overall UK lending
margin improved slightly as a result of a change in business mix and the
overall UK deposit margin narrowed as a result of some pricing pressure.
During the third quarter in Corporate Banking, the overall UK lending margin
was broadly maintained and the overall UK deposit margin narrowed slightly.

Net fees and commissions: In Retail Financial Services, fees and commissions
continued to grow in the third quarter predominantly as a result of an
increase in assets under management during 1999.  In Corporate Banking
improved levels of lending and acquisition finance fees reflected continued
growth in demand from corporates in the United Kingdom.  Money transmission
income levels in Corporate Banking remained flat as a result of pricing
pressure and the switch to electronic products. 

Barclays Capital produced good third quarter results, following its strong
performance in the first half of the year.  Dealing profits are still expected
to be somewhat lower in the second half, reflecting an anticipated slow down
in market activity in the run up to the millennium.

Barclays Global Investors' assets under management at 31st October 1999 were
at a similar level to 30th June 1999 (#434bn). In this four month period,
underlying net new business and market growth was offset by adverse exchange
rate translation movements.

Group total costs of the ongoing business in 1999 are expected to be no higher
than the 1998 level (#4,877 million), excluding the restructuring charge in
respect of the programme to reduce job numbers primarily in Retail Financial
Services and Corporate Banking.
                                                                              
Provisions for bad and doubtful debts: The overall Group net charge for the
second half is expected to be at a similar level to the first half of 1999. 

Weighted risk assets in the third quarter within Retail Financial Services and
Corporate Banking have continued to grow at a similar rate to the first half
1999.  Barclays Capital continues to operate at weighted risk asset levels
between #30 billion and #35 billion.

Barclays completed its proposed #500 million share buy back programme for the
year, purchasing for cancellation 27.8 million of its ordinary shares.

In summary, Barclays continues to build on its strong first half performance,
is set to meet its objectives of growing income and controlling costs to
deliver a good performance for the year.

The 1999 full year results will be announced on Tuesday 15th February 2000.




For further information please contact:

Investor Relations      Media Relations

Ian Roundell            Leigh Bruce
0171 699 2961           0171 699 2658

Emma Savage             Maria Darby
0171 699 2960           0171 699 2970


This document contains certain forward-looking statements with respect to the
financial condition and results of operations of Barclays, which by their
nature involve risk and uncertainty because they relate to events and depend
on circumstances that may occur in the future.  There are a number of factors
that could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements. These factors
include, but are not limited to, changes in economic conditions in countries
in which Barclays conducts its business and internationally elsewhere, as well
as future exchange and interest rates, interest margins, the level of deposits
taken and the level of lending by Barclays.  A more detailed list of these
factors is contained on page 1 of Barclays Annual Report for 1998.

END

MSCANAKKKOKURRA

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