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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: 210.35
Bid: 209.85
Ask: 209.95
Change: 8.00 (3.95%)
Spread: 0.10 (0.048%)
Open: 204.25
High: 210.65
Low: 204.10
Prev. Close: 202.35
BARC Live PriceLast checked at -

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GLOBAL MARKETS-British data prompts global bond selloff; oil rises

Thu, 27th Oct 2016 19:21

* Yields on global benchmark bonds pushed higher

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

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

* Oil rises on draw of crude, OPEC comments (Adds settled oil prices; adds bond yields also build on U.S.jobless claims)

By Hilary Russ

NEW YORK, Oct 27 (Reuters) - Strong growth data out ofBritain prompted the worst daily selloff in government bond formonths and pushed yields on the world's benchmark bonds higheron Thursday, as expectations eased for a Bank of Englandinterest rate cut.

In the United States, equity losses led by 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 Britain's economy slowed onlyslightly in the three months after it voted to exit the EuropeanUnion. It grew by 0.5 percent between July and September, atouch less than the second quarter's 0.7 percent, enough totemper fears about an immediate economic impact following theBrexit decision.

Britain's 10-year gilt was up 12 basis points toyield 1.27 percent, on track for its biggest daily rise sinceJune 2015.

German and U.S. equivalents roseto their highest since early June at 0.19 percent and 1.86percent, respectively. U.S. government yields were fueledfurther by upbeat jobless claims data, and were last at 1.85percent.

"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 11.82 points,or 0.06 percent, to 18,187.51, the S&P 500 lost 4.15points, or 0.19 percent, to 2,135.28 and the Nasdaq Composite dropped 29.66 points, or 0.56 percent, to5,220.61.

Interest-rate sensitive sectors also struggled as bondyields rose. The S&P real estate sector was down 2.5percent and on track for its worst decline in five weeks whileutilities shed 0.4 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 wasdown 0.33 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 onexpectations for a December Federal Reserve rate hike.

The dollar extended gains during the day, last up 1.82percent against the Swedish crown at 9.0702 crowns, aftertouching 9.0890, its highest level since early March 2009.

Oil prices edged higher on a reported drop in U.S. crude oilinventories, and as commitments from Gulf OPEC members assuageddoubts in the market about cooperation from other producers.

U.S. crude settled up 1.10 percent, or 54 cents, at$49.72 a barrel, while Brent crude added 44 cents, or 84percent, to $50.40. (Additional reporting by William Schomberg, Costas Pitas,Abhinav Ramnarayan and John Geddie in London; GertrudeChavez-Dreyfuss, Chuck Mikolajczak, Sam Forgione and Ethan Louin New York; Editing by Bernadette Baum and Nick Zieminski)

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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.

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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.

Read more

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