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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 214.70
Bid: 214.70
Ask: 214.75
Change: -2.05 (-0.95%)
Spread: 0.05 (0.023%)
Open: 215.35
High: 215.35
Low: 213.60
Prev. Close: 216.75
BARC Live PriceLast checked at -

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Broker snap: Goldman highlights HSBC as top pick among UK banks

Mon, 20th Jan 2014 16:37

Goldman Sachs has named HSBC as its preferred pick among UK banks on a long-term perspective, after analysing the financials across the sector since 1990.Analysts from the US firm said that UK banks under their coverage have booked £44.5bn of notable and non-recurring charges since 1990, equivalent to 12% of combined underlying pre-tax profit and an estimated annual return on equity (ROE) drag of over 100 basis points.As for HSBC, Goldman said that the bank has generated 51% of statutory sector profits and 42% of cash dividends since 1990 - "a disproportionate share". Meanwhile, 'one-offs' have actually provided a positive contribution of £2.5bn, compared with a negative impact elsewhere."Moreover, while HSBC, like its peers, has seen a recent rise in negative notables, these have remained moderate in scope both in absolute terms and relative to other banks. Notably, HSBC is the only UK bank under our coverage for which our ROE forecasts are not materially below targets."A 900p target price and 'conviction buy' rating was maintained for HSBC.As for the wider sector, Goldman said: "The persistency of 'non-recurring' items, and their magnitude of late, poses questions about how to appropriately value UK banks going forward, in our view."Meanwhile, a statutory sector ROE of under 8% since 1990 arguably raises question marks over the current ROE targets of UK banks, which without exception imply superior future returns relative to those reported since 1990 on a statutory basis."Goldman has cut its target price for Standard Chartered ('neutral') from 1,650p to 1,450p and raised its target for Lloyds ('neutral') from 77p to 80p. It has kept hold of its 370p target for RBS ('neutral') and its 300p target for Barclays ('neutral').BC
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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.

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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:

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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.

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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.

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11 Jan 2024 17:03

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

U.S. inflation data sparks selloff

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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.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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