Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 211.65
Bid: 211.85
Ask: 211.95
Change: 1.30 (0.62%)
Spread: 0.10 (0.047%)
Open: 210.90
High: 213.20
Low: 209.60
Prev. Close: 210.35
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Poor data sinks stocks, fuels QE3 speculation

Fri, 01st Jun 2012 16:26

- Global stocks hit year-to-date low- US, UK, Chinese and Eurozone data disappoints- Gold soars on QE3 speculation after weak dataDisappointing employment and manufacturing data from across the world sank global stock markets on Friday, meaning that May's heavy losses for equities were extended. In fact, the MSCI World Stock Index slumped to its lowest levels of 2012 today.While the value of the Footsie slumped by a whole percentage point today, the index came off its intraday lows after it was reported that Irish voters have backed the fiscal treaty aimed at making governments keep to strict budgetary guidelines. Thursday's referendum, which was counted on today, saw 60.3% of the public vote 'yes' and 39.7% vote 'no'. "I think this decision taken by the Irish people is a necessary step on the road to recovery but we now have to build on it," said the country's Deputy Prime Minister Eamon Gilmore. Manufacturing purchasing managers' indices (PMIs) in the US, UK, Eurozone and China suffered falls in May, according to the latest data released today. While the US, UK and Chinese manufacturing PMIs remained above 50 (indicating expansion), the Eurozone PMI sank further below the 50-point mark.Furthermore, non-farm payrolls in the US grew by just 69,000 during the month of May, according to data released by the Bureau of Labour Statistics (BLS). That when the consensus estimate had been for an increase of 150,000. The poor jobs data fuelled rumours today that the Federal Reserve will kick-start QE3 (third bout of quantitative easing) in the near future. "The focus will be on Fed Chairman Bernanke when he testifies to a Congress Committee next Thursday for hints of whether today's report might prove decisive in the FOMC's deliberations," said analysts at Barclays Capital. This speculation prompted a weaker dollar this afternoon, causing the price of gold to soar by 3.1% late on.Similarly, but in another report, analysts from that same bank indicate that they now expect the European Central Bank to announce new LTRO measures at its next policy meeting (this coming week).Nearer to home, at least two large institutional players have today shifted their expectations and now expect the Bank of England to announce an extension in its own quantitative easing policy next week. These are Citi and Deutsche Bank. JP Morgan and Barclays also now see increased odds of the same. FTSE 100: Randgold jumps late on as gold soarsPrecious metals groups Randgold Resources and Fresnillo surged in afternoon trade, tracking gold prices higher. Elsewhere in the sector, mining peers Evraz and Vedanta still finished sharply lower. Financials were also mixed, with Lloyds and Man Group on the rise and Barclays and Legal & General finishing firmly lower.BP surged after revealing that it wants to sell-up at TNK-BP, the joint venture it set up with a consortium of Russian investors, as speculation has run rampant in recent days of a breakdown in the relationship between the British oil firm and its partners. Jefferies maintained its buy recommendation for BP this morning, estimating that the 50% stake in the Russian joint venture is worth $30bn. Canaccord Genuity, Investec and Cheuvreux all maintained their positive buy/outperform ratings on the stock today.ITV was a heavy faller after Investec downgraded its rating on the stock from hold to sell and cut its target price from 90p to 60p, citing deteriorating conditions in the TV advertising market. Telecoms giant BT Group fell into the red after an earlier rise after saying that it has sold its application development services business in France to the Paris-listed IT services company, Osiatis. FTSE 250: Aquarius plummets, gold miners gainPlatinum group Aquarius Platinum had dropped nearly 12% to its lowest levels in over eight years Goldman Sachs slashed its price target for its Sydney-listed shares by 34%, due to problems over cash generation.In contrast, gold mining peers African Barrick Gold and Petropavlovsk finished the day with strong gains as gold metals prices advanced.FTSE 100 - RisersRandgold Resources Ltd. (RRS) 5,555.00p +6.93%Man Group (EMG) 75.50p +3.57%Severn Trent (SVT) 1,760.00p +2.27%International Consolidated Airlines Group SA (CDI) (IAG) 141.80p +2.24%BP (BP.) 402.00p +1.80%Fresnillo (FRES) 1,371.00p +1.71%Lloyds Banking Group (LLOY) 25.72p +1.34%United Utilities Group (UU.) 662.50p +0.84%SSE (SSE) 1,332.00p +0.68%Admiral Group (ADM) 1,045.00p +0.58%FTSE 100 - FallersVedanta Resources (VED) 883.50p -4.90%Evraz (EVR) 281.00p -4.84%ITV (ITV) 69.45p -4.73%CRH (CRH) 1,052.00p -4.62%Amec (AMEC) 923.00p -4.45%IMI (IMI) 846.50p -4.35%Burberry Group (BRBY) 1,308.00p -4.32%GKN (GKN) 175.50p -4.10%Tullow Oil (TLW) 1,364.00p -4.08%Weir Group (WEIR) 1,482.00p -4.02%FTSE 250 - RisersAfrican Barrick Gold (ABG) 349.40p +6.04%Petropavlovsk (POG) 388.10p +5.75%PayPoint (PAY) 642.00p +4.56%Cape (CIU) 249.50p +3.36%Daejan Holdings (DJAN) 2,788.00p +3.14%Rank Group (RNK) 120.40p +2.03%Derwent London (DLN) 1,774.00p +1.72%SDL (SDL) 638.50p +1.51%Inmarsat (ISAT) 436.00p +1.47%Electra Private Equity (ELTA) 1,607.00p +1.45%FTSE 250 - FallersAquarius Platinum Ltd. (AQP) 64.80p -11.66%Afren (AFR) 104.30p -10.16%Ashtead Group (AHT) 212.20p -7.86%Fenner (FENR) 348.00p -7.72%Persimmon (PSN) 532.00p -6.34%Morgan Crucible Co (MGCR) 262.60p -6.28%Melrose (MRO) 398.50p -6.17%Imagination Technologies Group (IMG) 462.90p -6.09%Essar Energy (ESSR) 128.10p -5.95%Bodycote (BOY) 356.70p -5.91%BC
More News
12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

(Alliance News) - The UK Financial Conduct Authority on Friday said it has reminded motor financing companies to maintain adequate financial resources at all times as it continues its review of their activities.

Read more
12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

LONDON, April 12 (Reuters) - British lenders have been told by the Financial Conduct Authority (FCA) to ensure they are adequately prepared to meet the potential costs of customer complaints arising from its review into the motor finance industry.

Read more
11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

LONDON, April 11 (Reuters) - Barclays has hired Rafael Abati from UBS as one of two senior bankers to lead its energy transition investment banking business in Europe, the Middle East and Africa (EMEA), Barclays said in a statement.

Read more
10 Apr 2024 19:26

Barclays reduces Fed rate cut view to one in 2024

NEW YORK, April 10 (Reuters) - Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today.

Read more
9 Apr 2024 16:27

Sabadell feels no pressure from British M&A activity to sell TSB

ALICANTE, Spain, April 9 (Reuters) - Sabadell is under no pressure to sell its British TSB business, the Spanish bank's chief executive Cesar Gonzalez Bueno said on Tuesday, despite recent UK sector consolidation.

Read more
9 Apr 2024 12:20

PRESS: Barclays mounts challenge to UK car finance ruling - Sky

(Alliance News) - Barclays PLC has launched a legal challenge over a ruling that it unfairly paid commission to a car finance broker, Sky News reported late Monday.

Read more
5 Apr 2024 09:53

OSB promotes Victoria Hyde to chief financial officer

(Alliance News) - OSB Group PLC on Friday named Victoria Hyde as its chief financial officer, with effect from May 10.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 15:24

Sector movers: Lenders and industrial miners pace gains amid search for yield

(Sharecast News) - Lenders' and miners' shares helped London's top-flight index outperform amid a renewed focus on the part of some investors on so-called 'value' stocks.

Read more
3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

Read more
2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
27 Mar 2024 20:59

Barclays executive denies discrimination in employee case

LONDON, March 27 (Reuters) - Barclays' former Global Head of Race at Work has defended her decision not to investigate further an employee complaint alleging racial, religious and sex discrimination at the British bank, an employment tribunal in London heard on Wednesday.

Read more
27 Mar 2024 14:42

Bank of England steps up scrutiny of private equity and bank valuations

LONDON, March 27 (Reuters) - The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain's main banks are "subdued" compared with international peers.

Read more
27 Mar 2024 13:44

Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader in the world to be jailed for interest rate rigging, lost his appeal against his conviction on Wednesday, a decision he said he would seek to challenge at the UK's Supreme Court.

Read more
27 Mar 2024 13:17

UK dividends calendar - next 7 days

Thursday 28 March 
Alliance Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Berkeley Group Holdings PLCdividend payment date
BHP Group Ltddividend payment date
BlackRock Energy & Resources Inc Trust PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCdividend payment date
BP PLCdividend payment date
City of London Investment Group PLCdividend payment date
Crown Place VCT PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Genus PLCdividend payment date
Hargreaves Lansdown PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Idox PLCex-dividend payment date
Imperial Brands PLCdividend payment date
Melrose Industries PLCex-dividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
NextEnergy Solar Fund Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Personal Group Holdings PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Quartix Technologies PLCex-dividend payment date
Renewables Infrastructure Group Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Thames Ventures VCT 2 DSO 1 D PLCdividend payment date
Travis Perkins PLCex-dividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vaalco Energy Incdividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volution Group PLCex-dividend payment date
Wynnstay Group PLCex-dividend payment date
Friday 29 March 
Energean PLCdividend payment date
Fiske PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Monday 1 April 
no events scheduled 
Tuesday 2 April 
Ashmore Group PLCdividend payment date
Braemar PLCdividend payment date
Fair Oaks Income Ltddividend payment date
Fonix Mobile PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
MJ Gleeson PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Shoe Zone PLCspecial dividend payment date
Temple Bar Investment Trust PLCdividend payment date
Tritax Big Box REIT PLCdividend payment date
Warehouse REIT PLCdividend payment date
Wheaton Precious Metals Corpex-dividend payment date
Wednesday 3 April 
Barclays PLCdividend payment date
Tetragon Financial Group Ltddividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.