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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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FTSE 100 movers: Banks lead the charge after stress test results

Tue, 01st Dec 2015 14:15

(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon.The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that no new wave of higher capital requirements was incoming. Investors took confidence from Carney's affirmation that banks would need to hold Tier 1 equity of 11% of risk-adjusted assets by 2019, which is less than the 13% that was already held in aggregate by the major banks in September.While all banks passes the main stress test scenario of weathering a theoretical deterioration in global economic conditions, the Royal Bank of Scotland failed to meet its individual capital guidance requirements and Standard Chartered failed to reach its so-called Tier 1 minimum capital requirement of 6%. However, both lenders have strengthened sufficiently since to pass muster. Capital was considered to be adequate at the other five lenders included in the tests: Barclays, HSBC, Nationwide Building Society, Lloyds and Santander UK. As a result, Barclays, Royal Bank of Scotland and Lloyds Banking Group all featured in the top 10.Hammerson also rose after Goldman Sachs upgraded the stock from 'neutral' to 'buy'. It said that the shares trade on 5.2% earnings yield, 62 basis points above their historical average. "In contrast, other European real estate stocks trade 43 bp below theirs," it noted. "At the same time, we expect Hammerson to deliver a 10% 2014-18E EPS CAGR, up from 5% in the last four years and significantly ahead of the -1% to +7% we expect for other European retail landlords."Meanwhile Aberdeen Asset Management led the fallers, continuing its downward streak from Monday's results. Full year underlying pre-tax profits at the investment house rose only slightly to £491m from £490m due to the slump in Asian and emerging market equities. Assets under management slid to £283.7bn from £324.4bn as a result of investors fleeing the stock market in search of better returns in other asset classes. Revenues were up 5% to £1.17bn, while cash at the end of the year was £531m, down from £567m. Chief executive Martin Gilbert said the weakness in equity markets "may have some way to run".And Babcock International Group was a prominent faller after Citi analysts Ed Steele, Marc van'T Sant and Avinash Mundhra said they were adding top-line and succession risks to their previous concerns surrounding the company's margins and cash-flow. They said it is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case. As a result, they trimmed their earnings per share forecasts for 2017 and 2018 by 2% each, lowered their target price on the stock to 1,000p and downgraded its recommendation to 'sell'.FTSE 100 - RisersBarclays (BARC) 233.45p 4.59%TUI AG Reg Shs (DI) (TUI) 1,145.00p 3.90%Royal Bank of Scotland Group (RBS) 311.00p 2.84%Hammerson (HMSO) 625.00p 2.38%Lloyds Banking Group (LLOY) 74.69p 2.37%Berkeley Group Holdings (The) (BKG) 3,281.00p 2.18%G4S (GFS) 231.80p 2.16%InterContinental Hotels Group (IHG) 2,611.00p 2.15%Randgold Resources Ltd. (RRS) 4,121.00p 1.95%Whitbread (WTB) 4,636.00p 1.93%FTSE 100 - FallersAberdeen Asset Management (ADN) 312.40p -2.19%Sage Group (SGE) 574.50p -2.05%Babcock International Group (BAB) 1,054.00p -1.59%Glencore (GLEN) 95.26p -1.50%easyJet (EZJ) 1,635.00p -1.09%Anglo American (AAL) 404.30p -1.06%BT Group (BT.A) 491.60p -0.98%Sainsbury (J) (SBRY) 251.90p -0.75%Vodafone Group (VOD) 222.60p -0.74%Morrison (Wm) Supermarkets (MRW) 151.50p -0.66%
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13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

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9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

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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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