Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video 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: 201.65
Bid: 201.60
Ask: 201.65
Change: -1.80 (-0.88%)
Spread: 0.05 (0.025%)
Open: 204.85
High: 205.35
Low: 200.80
Prev. Close: 203.45
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 retreats, though robust results boost Barclays

Thu, 27th Oct 2016 09:31

(ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* FTSE 100 down 0.2 pct

* Barlcays top gainer after results

* Though Amec Foster Wheeler, Berendsen weigh on midcaps

By Kit Rees

LONDON, Oct 27 (Reuters) - British shares fell on Thursdayin a choppy session as earnings updates weighed on midcaps,though Barclays rose on a robust set of third-quarter results.

The blue-chip FTSE 100 index was down 0.2 percent at6,941.99 points by 0917 GMT, while the more domestically-focusedFTSE 25 slipped 0.9 percent.

The FTSE 100 retreated after upbeat UK GDP data showed thatBritain's economy was resilient in the period following the UKreferendum to leave the European Union, prompting a rise insterling and sending UK bond yields to a post-Brexit high.

"A stronger-than-expected GDP figure from the UK ... doesfuel the story that the Bank of England won't have to act anytime soon to actually prop up the economy, because it seems tobe doing fairly well," Jonathan Roy, advisory investment managerat Charles Hanover Investments, said.

"If we see a strengthening in the pound, that's likely totake the shine off some of these multinational companies thathave rallied on expectations of higher profits on a weakerpound."

Barclays, however, was the top riser on FTSE 100,up 1.7 percent after its third quarter results beat forecasts.

The lender posted a rise in third quarter profits to 1.7billion pounds ($2.08 billion), helped by an improvement in itsinvestment banking division.

"Barclays still has work to do, but there's an increasingamount of light at the end of the tunnel," Laith Khalaf, senioranalyst at Hargreaves Lansdown, said in a note.

"However despite the bank's international exposure, it isstill vulnerable to poor economic conditions in the UK, so if wedo get a Brexit-induced slowdown, Barclays will feel the burn."

Barratt Developments fell more than 6 percent aftertrading ex-dividend, while BT dropped 3.4 percent afterits own update.

The British midcaps underperformed their blue-chip peersafter disappointing results weighed on shares in Amec FosterWheeler and Berendsen.

Oil services firm Amec Foster Wheeler slumped more than 18percent, heading for its worst day in almost a year aftercancelling its capital markets day and posting weak salesfigures.

Commercial laundry company Berendsen tumbled nearly17 percent on a profit warning.

This follows profit warnings from fellow midcaps Cobham, Keller and Senior over the past week.

"This earnings season isn't shaping up to be particularlygreat for medium-cap companies. They are the ones that arefeeling the pinch of Brexit that's been demonstrated in recentsets of earnings," Charles Hanover Investments' Roy said. (Reporting by Kit Rees; Editing by Andrew Heavens)

More News
1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

Read more
30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

*

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

Read more
25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

*

Read more
25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

Read more
25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:01

Barclays Q1 profits fall 12%

(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.

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.