The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 209.85
Bid: 209.80
Ask: 209.85
Change: 7.50 (3.71%)
Spread: 0.05 (0.024%)
Open: 204.25
High: 210.65
Low: 204.10
Prev. Close: 202.35
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE falters as easyJet, housebuilders and banks tumble

Mon, 27th Jun 2016 08:57

* FTSE 100 down 1.1 pct

* Budget airline easyJet slides on profit warning

* Banks hit by downgrades

* Housebuilders also fall

* Gold miners among top gainers (Recasts, adds detail, updates prices)

By Kit Rees

LONDON, June 27 (Reuters) - British stocks opened lower onMonday, extending losses from the previous session as lastweek's vote to leave the European Union hurled Britain intopolitical uncertainty, hitting the shares of British banks,housebuilders and budget airline easyJet.

The blue-chip FTSE 100 index fell 1.1 percent to6,071.19 points by 0823 GMT, with the mid-cap FTSE 250 down 3 percent.

Britain's finance minister George Osborne spoke publicly onthe Brexit vote for the first time on Monday morning, looking tocalm markets with an assertion that the British economy remainsstrong.

Shares in easyJet slumped more than 16 percent -- ontrack for its biggest daily decline since January 2011 -- afterit warned on third-quarter profit, citing an uncertain outlookbecause of the Brexit vote.

Rival IAG, which operates British Airways, fell 9.2percent after Goldman Sachs downgraded the company to "neutral".

Among financials, Royal Bank of Scotland (RBS) andBarclays also came under pressure, down 12.2 percentand 9.6 percent respectively, hit by a spate of brokerdowngrades as well as JP Morgan cutting its rating on all UKdomestic banks.

"The UK's vote to leave the EU will drive tectonic plateshifts in European bank investing. We move to a slowgrowth/modestly recessionary scenario for UK banks," analysts atJefferies said in a note, downgrading RBS to "hold" and Barclaysto "underperform".

Housebuilders were also among the top fallers, with TaylorWimpey, Persimmon, Barratt Developments and Berkeley Group down between 7.4 percent and 10.8percent.

Precious metals miners Fresnillo and RandgoldResources were the top gainers, rising 6.2 percent and5.5 percent respectively, extending gains from Friday assafe-haven assets continued to be in demand.

Among small-cap stocks, Foxtons plummeted by 21.7percent after it said that Brexit would prolong uncertainty inthe property market.

(Editing by David Goodman)

More News
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more
19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

Read more
18 Jan 2024 09:26

Sainsbury's to gradually withdraw from banking

LONDON, Jan 18 (Reuters) - British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations.

Read more
17 Jan 2024 18:39

Bank CEOs, huddled in private in Davos, worry about competition, economy - sources

DAVOS, Jan 17 (Reuters) - Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said.

Read more
16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

Read more
15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.