Roundtable Discussion; The Future of Mineral Sands. 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: 203.45
Bid: 203.40
Ask: 203.45
Change: 0.75 (0.37%)
Spread: 0.05 (0.025%)
Open: 200.75
High: 205.25
Low: 198.84
Prev. Close: 202.70
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
24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

Read more
24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

Read more
24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

Read more
24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

Read more
23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

Read more
21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

Read more
17 Nov 2023 15:18

Barclays exploring acquisition of Tesco Bank - report

(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

Read more
12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

Read more
3 Nov 2023 08:43

LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

(Alliance News) - Stock prices in London opened on the up on Friday, looking set to round off a positive week on the up, though a red-hot US jobs report could keep a lid on gains.

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

Read more
27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

Read more
27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

Read more
25 Oct 2023 09:38

LONDON BROKER RATINGS: Barclays cuts Mondi; Jefferies ups AB Dynamics

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

Read more
25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

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.