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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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London close: Stimulus hopes drive gains

Tue, 21st Aug 2012 17:13

- Miners lead the way higher on Tuesday- Central banks in China and Europe expected to act- Glencore-Xstrata merger at riskHopes of central bank action in Europe and China boosted stocks today with the mining sector benefitting the most from increased risk appetite.Michael Hewson, the senior market analyst at CMC Markets UK, said this afternoon: "Markets continued their slow low volume move higher today on reports that Germany might be persuaded to grant some concessions to Greece. Meanwhile speculation that the ECB [European Central Bank] may well be minded to go against the Bundesbank in capping bond yields has also helped underpin equity markets. "It would appear that the prospect of further central bank intervention, no matter how unlikely, is continuing to drive what capital there is into equities as the preferred asset of choice," he said.The Daily Telegraph confirmed today that ECB technicians are examining plans to cap Spanish and Italian bond yields, among other options, despite the ECB denying those same rumours yesterday.Meanwhile, the People's Bank of China last night ramped up its reverse-repurchase operations, injecting 220bn yuan ($34.6bn) into the financial system. Meanwhile, state-run news agency Xinhua said that China is considering fresh stimulus for the second half of the year. In domestic news, UK public sector net borrowing in July was £600m, compared with a surplus of £2.8bn the year before. Economists had forecast a surplus of £2.2bn. FTSE 100: Glencore, Xstrata gain in spite of merger risksGlencore and Xstrata finished the day in the blue after a slow start despite hopes for a quick and easy merger fading fast. In response to Xstrata's shareholders demanding better a better offer, Glencore's CEO Ivan Glasenberg said that it "is not a must-do deal...it is a deal that we believe makes sense." The comments come after the release of Glencore's first-half results which saw the group report a less-than-expected 17% fall in adjusted EBITDA (earnings before interest, tax, depreciation and amortisation).Mining peers Fresnillo, Vedanta, Polymetal, ENRC, Anglo American and Antofagasta were making strong gains today on hopes that a stronger Chinese economy would boost the demand for commodities.Banking group Barclays was also a high riser after announcing that it is looking at combining the majority of its operations in Africa with its subsidiary Absa Group, in line with its strategy to operate as 'One Bank' across the continent. Lending peers RBS and Lloyds were also in demand. FTSE 250: Heritage rockets on Genel deal; Lonmin erases gains late onHeritage Oil, an independent upstream exploration and production company, delighted its investors by securing a $294m loan as part of an agreement to sell a 26% interest in the Miran Block in the Kurdistan Region of Iraq to Genel. The loan will be provided by Genel to Heritage on completion of the sale, easing worries over future funding. After rising strongly for most of the day, gains for Lonmin were pared late on after the platinum miner revealed that just a third of its 28,000-strong workforce turned up for work today following the violent protests which resulted in the deaths of over 30 workers last week. The firm said that in light of the events and the impact on production, its debt covenants will likely be breached. It is now "reviewing all the options available to strengthen its financial structure, including possible access to the equity capital markets."FTSE 100 - RisersFresnillo (FRES) 1,581.00p +5.82%Vedanta Resources (VED) 966.50p +4.49%Polymetal International (POLY) 967.00p +4.32%Eurasian Natural Resources Corp. (ENRC) 370.20p +3.70%Anglo American (AAL) 1,983.00p +3.58%Antofagasta (ANTO) 1,141.00p +3.26%Barclays (BARC) 197.05p +3.22%Aviva (AV.) 334.10p +2.80%Kazakhmys (KAZ) 735.00p +2.58%Evraz (EVR) 265.80p +2.55%FTSE 100 - FallersMorrison (Wm) Supermarkets (MRW) 281.60p -1.19%Ashmore Group (ASHM) 352.00p -0.96%Centrica (CNA) 326.00p -0.94%Severn Trent (SVT) 1,733.00p -0.69%Tullow Oil (TLW) 1,375.00p -0.58%Tate & Lyle (TATE) 649.00p -0.46%National Grid (NG.) 697.50p -0.43%Imperial Tobacco Group (IMT) 2,455.00p -0.41%GlaxoSmithKline (GSK) 1,465.50p -0.37%United Utilities Group (UU.) 716.50p -0.35%FTSE 250 - RisersHeritage Oil (HOIL) 205.00p +21.95%Aquarius Platinum Ltd. (AQP) 39.70p +7.79%Daejan Holdings (DJAN) 3,080.00p +6.57%Ophir Energy (OPHR) 549.50p +4.57%African Barrick Gold (ABG) 452.00p +4.39%Cape (CIU) 206.00p +4.25%Dechra Pharmaceuticals (DPH) 500.00p +4.12%Computacenter (CCC) 383.00p +4.05%Petra Diamonds Ltd.(DI) (PDL) 106.00p +3.92%Hochschild Mining (HOC) 436.00p +3.81%FTSE 250 - FallersJD Sports Fashion (JD.) 657.00p -4.23%NMC Health (NMC) 190.00p -3.94%COLT Group SA (COLT) 122.00p -3.33%Go-Ahead Group (GOG) 1,290.00p -2.86%Paragon Group Of Companies (PAG) 184.90p -2.68%Salamander Energy (SMDR) 203.50p -2.58%Ferrexpo (FXPO) 190.90p -1.95%Amlin (AML) 381.90p -1.85%Essar Energy (ESSR) 109.00p -1.62%Premier Farnell (PFL) 191.00p -1.55%BC
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Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

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2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
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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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

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30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

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London close: Stocks finish mixed as US GDP growth slows

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Where are Wall Street's analyst notes on Trump's Truth Social?

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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