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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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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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27 Nov 2023 17:16

UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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