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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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7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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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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