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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: 203.00
Bid: 202.95
Ask: 203.05
Change: 2.00 (1.00%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.35
Low: 201.80
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
More News
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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27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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26 Nov 2023 09:49

PRESS: Lloyds Banking mulls jobs cuts to trim costs - Reuters

(Alliance News) - Lloyds Banking Group PLC is putting 2,500 jobs at risk as part of cost-cutting plans, Reuters reported on Friday.

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