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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 217.55
Bid: 217.40
Ask: 217.45
Change: 0.80 (0.37%)
Spread: 0.05 (0.023%)
Open: 215.35
High: 217.65
Low: 213.60
Prev. Close: 216.75
BARC Live PriceLast checked at -

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Broker tips: Vodafone, Barclays, Kesa Electricals

Tue, 05th Apr 2011 12:31

Nomura slightly reduces its target price for telecoms titan Vodafone as consensus aligns to a more cautious margin outlook.The group sold its 44% holding in French mobile phone group SRF to media firm Vivendi on Monday for €7.75bn (£6.8bn) in cash, which the broker believes was a good price.With the disposal now removed as positive catalyst, Nomura thinks that Vodafone faces more difficult newsflow, such as a new telecom policy draft in India and a tough outlook in Spain. "There is scope for the stock to fall back towards 170p in the near-term," warns the broker.Even though the group expects the rate of margin decline to reduce over the coming years, the Japanese broker notes that it will not stabilise and forecasts a margin decline of 40 basis points (bp) for 2012 (previously a 10bp decrease).Nevertheless, Nomura stays with a 'buy', but cuts its target price by 2% to 215p, from 220p previously.Seymour Pierce keeps a 'hold' on banking giant Barclays, saying that it is uncertain about future growth in revenues.The broker highlighted the Financial Times article that said that Barclays is to increase risk appetite amid internal expectations that a return on equity of 7.2% (versus an end of cycle target of 13%) is likely to stay flat or even fall. "However, as no universal bank has been allowed to fail, no capacity has been taken out of the system, and the bank is facing an uncertain revenue outlook and strong competitive head winds from the likes of Citi, RBS, BoA ML and UBS - which all would have failed without government support, in our view. Instead these banks are competing for the same business as Barclays," said analyst Bruce Packard.Seymour Pierce remains sceptical over revenues and stays with its cautious recommendation and target price of 310p.UBS cuts its forecasts for consumer electronics retailer Kesa Electricals, the owner of the Comet chain, to reflect weaker trading in the UK after the surprise profit warning from peer Dixons.The broker lowers its 2011 pre-tax profit estimate by 8% to €92m, from €100m previously. €6m of the downgrade accounts for a tough environment in UK electricals since January, and a further €2m is attributed to Spanish trading.A 'hold' is kept, but the target price is lowered to 125p, from 140p.---bc
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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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