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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: 201.00
Bid: 201.60
Ask: 201.65
Change: -2.45 (-1.20%)
Spread: 0.05 (0.025%)
Open: 204.85
High: 205.35
Low: 200.80
Prev. Close: 201.00
BARC Live PriceLast checked at -

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London close: Footsie falls but banking stocks robust

Fri, 22nd Jun 2012 16:57

- BoE, ECB ease pressure on lenders- Moody's downgrades 15 global banks- Resources stocks weigh on London marketResource stocks were weighing heavily on the FTSE 100 on Friday afternoon, sending the index one per cent lower, despite actions by central banks in the UK and the Eurozone to ease the pressure on bank lending.Credit ratings agency Moody's has downgraded 15 major banks and financial instiutions, including the major lenders on Britain's High Street. Royal Bank of Scotland (RBS), Barclays, Lloyds and HSBC all got the downgrade treatment as the agency completed its review of the global banking sector. Barclays' rating was downgraded by two notches while the ratings of the others were ratcheted down by one level. In spite of this, banking stocks were broadly higher today on the back of reports that the Bank of England's financial policy committee (FPC) will announce a reduction of between 20-30% in banks' liquidity buffers to support lending. Meanwhile, the European Central Bank (ECB) announced that it has relaxed some of its collateral rules on banks in an effort "to further support the provision of credit to households and non-financial corporations." The ECB said it had reduced the rating threshold and amended the eligibility requirements for certain asset-backed securities, thus broadening the scope of measures to increase collateral availability.In other news, Spanish banks will need €51-62bn euros in additional capital in a worst case scenario, according to the independent consultants Oliver Wyman and Roland Berger hired by the government to perform a new round of stress tests on its financial sector. Spain is expected to make a formal request for assistance from the EU some time over the next few days. Germany's business confidence indicator compiled by the IFO Institute fell from 106.9 to 105.3 in June, a two-year low. The market was expecting a reading of 105.9. FTSE 100: Banking stocks robust after rumours of easing liquidity buffersBanking peers Lloyds, HSBC and Barclays were all making gains on Friday afternoon despite having their credit ratings downgraded by Moody's, after the news of easing liquidity buffers. RBS, which was also downgraded by Moody's, finished flat.Lloyds said that Moody's recognised "the substantial momentum we have made in de-risking our balance sheet and delivering on our strategy." However, RBS said it disagreed with the ratings change as it is "backward-looking and does not give adequate credit for the substantial improvements the group has made to its balance sheet, funding and risk profile." Heading the other way were the miners and oil stocks with Fresnillo, Petrofac, AMEC, Glencore and Kazakhmys among the worst performers. Shares in cruise ship operator Carnival were sinking after the group released its second-quarter results. Profit before tax slumped to just $14m from $206m the year before, after the firm was hit by a $145m adjustment relating to fuel derivatives.FTSE 250: Michael Page drops after broker downgradeRecruitment firm Michael Page International fell after Credit Suisse downgraded its recommendation from 'neutral' to 'underperform', saying that on a risk-reward basis, the stock is the 'most vulnerable of the employment agencies given weakening economic conditions'. Heading the other way was price comparison website Moneysupermarket.com after Citi upgraded the stock to 'buy', while Domino's Pizza delivered gains after Canaccord Genuity raises its recommendation to 'buy'. Private equity investment firm 3i rose on the back of press speculation of potential organisational changes at the company. The group released a statement saying that "the commentary is speculative in nature and the company has no comment at this time." Defence technology contractor Cobham dropped after saying that its division, Cobham Aviation Services, will not be converting the remaining UK Voyager aircraft. The company in charge of the project, AirTanker, has decided to relocate the conversion operation to Spain. FTSE 100 - RisersBT Group (BT.A) 205.00p +1.74%Shire Plc (SHP) 1,966.00p +1.13%Unilever (ULVR) 2,093.00p +0.62%Lloyds Banking Group (LLOY) 31.39p +0.61%HSBC Holdings (HSBA) 562.30p +0.55%Reckitt Benckiser Group (RB.) 3,432.00p +0.38%Tesco (TSCO) 311.60p +0.35%GlaxoSmithKline (GSK) 1,476.50p +0.27%National Grid (NG.) 658.50p +0.23%Associated British Foods (ABF) 1,234.00p +0.08%FTSE 100 - FallersFresnillo (FRES) 1,418.00p -4.96%Petrofac Ltd. (PFC) 1,371.00p -4.66%Carnival (CCL) 2,174.00p -4.06%Weir Group (WEIR) 1,460.00p -3.44%Wolseley (WOS) 2,252.00p -3.43%Tullow Oil (TLW) 1,431.00p -3.38%CRH (CRH) 1,098.00p -3.35%Eurasian Natural Resources Corp. (ENRC) 414.30p -3.34%Johnson Matthey (JMAT) 2,210.00p -3.28%Amec (AMEC) 963.50p -3.26%FTSE 250 - RisersDairy Crest Group (DCG) 328.90p +2.88%TalkTalk Telecom Group (TALK) 178.80p +2.76%Moneysupermarket.com Group (MONY) 123.20p +2.50%Micro Focus International (MCRO) 488.50p +2.26%3i Group (III) 184.00p +2.17%JD Sports Fashion (JD.) 659.50p +2.17%Perform Group (PER) 385.00p +1.85%Shanks Group (SKS) 79.35p +1.73%KCOM Group (KCOM) 73.00p +1.46%Berkeley Group Holdings (The) (BKG) 1,335.00p +1.29%FTSE 250 - FallersWood Group (John) (WG.) 667.00p -5.72%Aquarius Platinum Ltd. (AQP) 50.20p -5.64%Ocado Group (OCDO) 107.30p -5.13%Bumi (BUMI) 323.90p -4.99%Daejan Holdings (DJAN) 2,555.00p -4.59%Hays (HAS) 74.00p -4.52%Bodycote (BOY) 334.70p -4.34%Michael Page International (MPI) 365.80p -4.27%Mondi (MNDI) 545.00p -4.22%Spectris (SXS) 1,510.00p -4.19%BC
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20 Feb 2024 11:57

LONDON MARKET MIDDAY: Banking stocks drag FTSE 100 into green

(Alliance News) - Stock prices in London were mixed at midday Tuesday, after a busy morning of corporate updates and earnings.

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20 Feb 2024 11:20

London midday: Stocks mixed after China makes bigger rate cut

(Sharecast News) - London's stocks were in a mixed state at midday on Tuesday, as concerns around China's economic outlook continued to weigh on mining stocks.

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20 Feb 2024 08:52

LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

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20 Feb 2024 08:19

TOP NEWS: Barclays eyes GBP2 billion cost cuts and promises returns

(Alliance News) - Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.

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20 Feb 2024 07:47

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

(Alliance News) - Stocks in London are called lower on Tuesday, following a US holiday, and a mixed performance in Asian markets.

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20 Feb 2024 07:01

Barclays unveils massive overhaul as profits fall 6%

(Sharecast News) - Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.

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19 Feb 2024 16:10

Tuesday preview: China rate decision, Barclays in focus

(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

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16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

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15 Feb 2024 11:59

REPEAT: Barclays bids to buy SocGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 10:37

PRESS: Barclays bids to buy SogGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 07:24

Barclays eyes SocGen's UK private bank - report

(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.

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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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