Roundtable Discussion; The Future of Mineral Sands. 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: 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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
More News
20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

Read more
20 Feb 2024 15:29

London close: Stocks finish lower on fresh China concerns

(Sharecast News) - London's stock markets closed in negative territory on Tuesday, with concerns over China's economic prospects exerting pressure on mining shares.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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%.

Read more
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.

Read more
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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.