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: 202.00
Bid: 202.40
Ask: 202.50
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 202.00
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

British finance minister to meet bank bosses on Brexit gameplan

Tue, 06th Sep 2016 16:03

By Andrew MacAskill

LONDON, Sept 6 (Reuters) - Top British bankers will tellfinance minister Philip Hammond on Wednesday to give them aclearer idea of what the country's divorce from the EuropeanUnion will mean for them when they hold their first meetingsince the Brexit vote.

Hammond is to meet with executives from major banks andinsurers, including Barclays, HSBC, StandardLife Santander UK, the British arm of Spain's BancoSantander, according to sources.

Britain's financial sector employs 2.2 million people andits executives say the industry deserves to be a priority in the Brexit negotiations because it is the country's largestexporter and accounts for about 12 percent of its tax revenues.

Britain's shock vote to leave the bloc has forced companiesto rethink their business strategy, which until now has dependedon having an EU "passport" to operate across the region fromLondon.

Bankers say they the next six months will be critical indeciding how much business they might need to move from London,if the EU divorce means a loss of passporting.

Banks and insurers are already making contingency plans toshift parts of their European operations from Britain if Brexitmeans the country does not maintain access to the EU singlemarket.

But some bosses say they are planning blindly, with littleidea of the type of trading deal Britain might pitch for whenits official EU exit process begins.

"If the government doesn't have a clear idea of what itwants the banks will just go," said one senior banking source,who asked not to be named. "They are not going to be hangingaround waiting for the cliff edge."

Any deal to retain market access would likely involve apolitically difficult decision to allow EU citizens the right towork in Britain, something the banks would welcome but whichmany of those who voted to leave the bloc would reject.

The Treasury declined to comment.

On Monday, opposition politicians accused David Davis, theminister charged with negotiating Brexit, of lacking a planafter he addressed parliament on Brexit for the first time sincetaking his role.

The Treasury is currently seeking views from financial lobbygroups and companies about how they will be impacted by losingaccess to the single market, according to people familiar withthe process.

There are similar conversations taking place with the Bankof England and with government departments, including theDepartment for Exiting the European Union, according to anothersenior bank executive.

Banks and other financial firms are also working through arange of lobby groups and individual companies are alsoexpressing their own views.

"There are too many contact points and too many channels,"the executive said. "There is too much duplication and confusionabout who is responsible for making the decisions." (Reporting By Andrew MacAskill, editing by Sinead Cruise andJane Merriman)

More News
17 Oct 2023 15:43

UK earnings, trading statements calendar - next 7 days

Wednesday 18 October 
888 Holdings PLCTrading Statement
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

Read more
13 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Revolution Bars Group PLCFull Year Results
Rio Tinto PLCTrading Statement
Seraphim Space Investment Trust PLCFull Year Results
Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
Wednesday 18 October 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Barclays PLCQ3 Results
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.

Read more
12 Oct 2023 12:00

Barclays nixes ex-CEO Staley's bonuses after FCA's Epstein judgement

(Alliance News) - Barclays PLC on Thursday said that Jes Staley, the bank's disgraced ex-boss, will no longer be able to claim historic bonuses after "recklessly" misleading regulators about his relationship with Jeffrey Epstein.

Read more
12 Oct 2023 11:51

Former Barclays boss Jes Staley banned over Epstein scandal

(Sharecast News) - The former chief executive of Barclays has been banned and fined nearly £2m by the City watchdog over his relationship with disgraced financier Jeffrey Epstein.

Read more
11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

Read more
10 Oct 2023 16:34

London close: Stocks finish higher on dovish Fed rhetoric

(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.

Read more
6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

Read more
5 Oct 2023 16:54

LONDON MARKET CLOSE: FTSE 100 rises but banks struggle on Metro woe

(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank.

Read more
26 Sep 2023 16:54

LONDON MARKET CLOSE: Stocks suffer on US government shutdown fear

(Alliance News) - London's FTSE 100 outperformed on a day of wider risk aversion for global markets, with US government shutdown fears keeping a lid on enthusiasm.

Read more
26 Sep 2023 16:47

London close: Stocks mixed on global economic jitters

(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.

Read more
26 Sep 2023 09:23

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

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

Read more
26 Sep 2023 07:46

LONDON BRIEFING: PZ Cussons profit drops; Smiths Group profit triples

(Alliance News) - Stocks in London are set to open in the red on Tuesday as concerns around the world's two largest economies weighed on market mood.

Read more
22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

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

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.