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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: 216.15
Bid: 216.10
Ask: 216.15
Change: 0.00 (0.00%)
Spread: 0.05 (0.023%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 216.15
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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."
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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

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20 Dec 2023 08:48

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

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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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19 Dec 2023 15:11

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

LONDON, Dec 19 (Reuters) - Britain's banks 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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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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