The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

Read more
11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

Read more
10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

*

Read more
10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

Read more
9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

Read more
5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

Read more
21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

Read more
20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

Read more
20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

Read more
19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

Read more
15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

Read more
14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

Read more
14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

*

Read more
12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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.