focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

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: 214.30
Bid: 214.25
Ask: 214.35
Change: 1.20 (0.56%)
Spread: 0.10 (0.047%)
Open: 213.30
High: 214.90
Low: 213.25
Prev. Close: 213.10
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

European stocks edge up, lifted by financials

Mon, 08th Aug 2016 16:03

* STOXX 600 ends slightly higher

* Barclays rises on Exane upgrade, boosts banking sector

* PostNL surges after Q2 results

* Meggit rises after investor takes stake (ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

By Sudip Kar-Gupta and Alistair Smout

LONDON, Aug 8 (Reuters) - European stock markets rose onMonday, propped up by gains in the shares of major banks andother financial stocks, while Dutch firm PostNL surged afterresults.

The pan-European STOXX 600 index edged up 0.04percent, with Germany's DAX, Britain's FTSE and France's CAC all0.1-0.6 percent higher.

The STOXX Europe 600 Bank index advanced 1.4percent, helped by a 3.6 percent rise at Barclays after ExaneBNP Paribas upgraded Barclays to "outperform" from "neutral".

Insurers also rose, up 1.5 percent, while basicresources stocks were up 1.7 percent as miners rallied onstronger copper and iron ore prices.

Shares in Dutch postal service operator PostNL surged 8.2 percent after the company confirming its full-yearoutlook, while analysts also welcomed a surprise improvement inits equity position.

According to data from Thomson Reuters StarMine, 61 percentof companies on the STOXX 600 index have beaten or met forecastswith their second quarter results so far, although thoseearnings are down 15 percent from last year on average.

"There's plenty of confidence over in the States, and that'sbeen helping Europe, but I'd still be on the defensive sideconcerning European markets and I'd be looking to sell rallies,"said Berkeley Futures' associate director Richard Griffiths.

"There's still much macroeconomic uncertainty in Europe."

Defence equipment maker Meggitt rose 8.8 percentafter activist investment firm Elliot Capital Advisors took astake of over 5 percent in the firm.

Traders also said stocks were being supported by a rally onU.S. markets, with the S&P 500 starting the week with anew record high after strong jobs data on Friday.

While the STOXX 600 has recovered much of the ground lost inthe immediate aftermath of Britain's vote in June to quit theEuropean Union, the index remains down by 6 percent so far in2016.

Andreas Clenow, chief investment officer at ACIES AssetManagement in Zurich, echoed Griffiths' view of preferring U.S.to European shares at present.

"The U.S. markets look pretty healthy. We keep making recordhighs in the U.S. but the European stock markets look much moresluggish," said Clenow.

(Additional reporting by Wout Vergauwen; Editing by JanetLawrence)

More News
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
5 Dec 2023 15:26

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.

Read more
5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

Read more
5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

Read more
5 Dec 2023 07:48

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight.

Read more
30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

Read more
28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

Read more
28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

Read more
28 Nov 2023 08:52

PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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.