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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 201.45
Bid: 201.40
Ask: 201.45
Change: -2.00 (-0.98%)
Spread: 0.05 (0.025%)
Open: 204.85
High: 205.35
Low: 201.10
Prev. Close: 203.45
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GLOBAL MARKETS-British data prompts global bond sell-off; Wall Street falls

Thu, 27th Oct 2016 20:54

* Yields on global benchmark bonds push higher

* U.S. dollar hits 7-1/2-year peak vs Swedish crown

* U.S. stocks fall; Comcast drop offset by healthcare

* Oil rises on OPEC comments (Adds U.S. stocks close; updates throughout)

By Hilary Russ

NEW YORK, Oct 27 (Reuters) - Strong growth data out ofBritain prompted the biggest daily sell-off in government debtfor months and pushed yields on the world's benchmark bondshigher on Thursday, as expectations eased for a Bank of Englandinterest rate cut.

The bond sell-off gained momentum in the United States afterupbeat jobless claims data pointed to another robust nonfarmpayrolls number next week.

Wall Street closed lower, dipping in a choppy session afterthe latest round of earnings reports. Losses in Comcast andconsumer discretionary stocks offset gains in the healthcaresector, while European stocks slid and the U.S. dollar advancedagainst the Swedish crown and Japanese yen.

Official data showed that growth in Britain's economyslowed only slightly in the three months after it voted to exitthe European Union. It grew 0.5 percent between July andSeptember, a touch less than the second quarter's 0.7 percent,enough to temper fears about an immediate economic impactfollowing the Brexit decision.

Britain's 10-year gilt advanced to more thanfour-month highs, while German 10-year bund yields rose tofive-month peaks, lifting U.S. Treasury yields inthe process.

"The stronger (gross domestic data) print in the UK hasgiven further weight to speculation that the BoE will notprovide further stimulus any time soon," said Rabobankstrategist Richard McGuire.

In U.S. equity markets, investors took Qualcomm's deal to buy NXP Semiconductors for about $47billion as a sign of confidence, sending up shares of both.

Despite beating earnings estimates a day earlier, Comcast pulled the S&P and Nasdaq lower, paring some lossesafter falling as much as 2.7 percent following price target cutsfrom Barclays and Deutsche Bank.

The Dow Jones industrial average fell 29.65 points,or 0.16 percent, to 18,169.68, the S&P 500 lost 6.39points, or 0.3 percent, to 2,133.04 and the Nasdaq Composite dropped 34.29 points, or 0.65 percent, to 5,215.97.

Interest-rate sensitive sectors also struggled as bondyields rose. The S&P real estate sector was down 2.45percent and on track for its worst decline in five weeks whileutilities shed 0.53 percent.

Europe's STOXX 600 slipped 0.01 percent, withdefensive sectors such as healthcare and utilities providing thebiggest boost to the index, underscoring investor caution.

The MSCI all-country world stock index fell0.34 percent.

The U.S. dollar hit its highest in more than seven and ahalf years against the Swedish crown after dovish comments fromSweden's central bank, and a three-month high against the yen on expectations for a December Federal Reserve rate hike.

The dollar extended gains during the day, surging 1.82percent against the Swedish crown at 9.0696 crowns, aftertouching 9.0890, its highest since early March 2009.

Oil prices edged higher as commitments from Gulf OPECmembers to cut production assuaged some lingering doubts in themarket about cooperation from other producers.

Brent crude was up 49 cents, or 1 percent, at $50.47a barrel while U.S. West Texas Intermediate crude gained54 cents, or 1.1 percent, to $49.72. (Additional reporting by William Schomberg, Costas Pitas,Abhinav Ramnarayan and John Geddie in London and GertrudeChavez-Dreyfuss, Chuck Mikolajczak, Sam Forgione and Ethan Louin New York; Editing by Nick Zieminski and James Dalgleish)

More News
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.

Read more
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.

Read more
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

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more

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