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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: 215.00
Bid: 213.85
Ask: 213.95
Change: 3.55 (1.68%)
Spread: 0.10 (0.047%)
Open: 211.30
High: 216.00
Low: 210.90
Prev. Close: 211.45
BARC Live PriceLast checked at -

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Broker tips: Lloyds, RBS, Hyder, Taylor Wimpey...

Mon, 28th Jun 2010 12:23

UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector."UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that the domestic banks are trading on valuations at or below book value. "In the past, UK banking has proved a profitable industry and could be expected to be so again, as long as economic recovery continues, even if future returns are well below those achieved in the past cycle," Law asserts.Nomura has kept its "reduce" rating for Lloyd's fellow part-nationalised operator Royal Bank of Scotland (RBS) but has lifted RBS's target price from 31p to 41p.Barclays is cut to "neutral" with the price target slashed to 300p from 425p on concerns that the valuation "is likely to remain capped by the business mix and associated regulatory risk."Among the Far Eastern banks it prefers Standard Chartered, which it rates a "buy", to HSBC, which is has downgraded to "neutral". HSBC's price target has been cut to 725p from 800p.A potential bidding war has fuelled spectacular gains at design and engineering consultant Scott Wilson, and that bodes well for rival Hyder.Engineering group URS unveiled an agreed cash offer worth £161m, or 210p a share, only to be swiftly followed by news that American peer CH2M Hill is also interested."With a good chance of this transaction going through, we see Hyder Consulting being the best way to play this sub-sector at present," said Panmure Gordon Monday."Not only could it become a target for large overseas players, but it is also more international than Scott Wilson with 70% of revenues now based overseas and exposure to the UK public sector running less than 10%."Better than expected results from Wilson also add spice.Taylor Wimpey's trading statement was "just OK" and there seems little to ignite the share price now that the post Budget rally looks to be spent, says KBC Peel Hunt.The housebuilder reports stable conditions in both UK and US over the past six months, but remains wary over prospects in both markets."We see troubles aplenty ahead in the USA and if this means that this operation cannot be sold, the recovery in the UK will continue to be held back," reckons KBC."TW is struggling to convince on recovery and so will be destroying shareholders for some time and this needs to be reflected in a heavy discount to NAV. So, 30p share price versus 47p NAV is still our view of fair value."
More News
9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

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9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

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9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

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9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

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9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

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4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

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26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

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26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

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25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big 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.

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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.

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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.

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22 Jan 2024 17:14

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

Kindred jumps on takeover bid from FDJ

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22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

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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.

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