Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 204.85
Bid: 204.75
Ask: 204.80
Change: -3.20 (-1.54%)
Spread: 0.05 (0.024%)
Open: 208.05
High: 208.90
Low: 202.90
Prev. Close: 208.05
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: Stocks rebound as Greek debt-swap looms

Wed, 07th Mar 2012 16:35

-Greek debt-swap participation rate estimated at 58%.-Greek government confident of achieving rate of at least 75%.-Admiral surges after full-year results.London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadline with cautious optimism, as more and more holders of the country's bonds appear to be jumping on board.Europe is awaiting a final decision on the Greek debt restructuring. Private investors have a Thursday deadline to decide if they will accept a debt exchange in which they will be required to take a 53.5% nominal haircut, in an agreement that would save Athens about €106bn (£88bn). "We are optimistic that we will exceed the 75% participation threshold by far based on the data we have so far," an official from Greece's finance ministry told Reuters. However, this falls short of the 90% participation rate needed to avoid the trigger of collective action clauses (CACs). Citi analyst Mark Schofield said today that, "in our view, the activation of the CACs is highly likely and following on from that a credit event, triggering CDS payouts." Nevertheless, a growing number of big banks have said that they will participate in the deal, including giants Societe Generale, Generali and UniCredit. All Greek banks are also said to be willing to accept. The latest estimate, according to Bloomberg TV, pins the participation rate at around 58%.In other news, last night's "Super Tuesday" vote in the US saw Republican presidential candidate Mitt Romney win the primary contest in the key state of Ohio, while also winning in Massachusetts, Idaho, Vermont and Virginia. The man who appears to be his main rival, Rick Santorum, hoovered up in Tennessee, Oklahoma and North Dakota. ECONOMIC DATAShop price inflation in the UK eased to a 1.2% year-on-year rate of change in February, versus 1.4% the month before, according to the latest BRC-Nielsen survey data. Commenting on the data, Barclays says that the numbers validate their forecast that consumer price inflation will continue to fall back throughout 2012. In a similar vein, Reuters reported today on recent remarks by Bank of England chief economist, Spencer Dale, in a BBC interview last week. Mr. Dale is quoted as having stated that, "I hope that by the late spring, early summer this year we should be in the low 3's and hopefully inflation will gradually come back down over the rest of the year towards our inflation target of 2%." Permanent job placements in the UK rose to a nine-month high in February, according to the latest data released by consultants KPMG-REC. Elsewhere, the US ADP employment report showed an increase of 216,000 in the pace of private sector job-creation, slightly above expectations.ADMIRAL RACES AHEADCar insurance giant Admiral finished the day up 10% after deciding to pay a special dividend as it seeks to curb the number of high value bodily injury claims which have dented recent figures. The firm revealed that pre-tax profits were up 13% at £299m in 2011 with net revenue up 36% at £870.3m. Both those figures beat the consensus forecasts. Nomura seemed pleased with the results, saying that the figures give comfort on prospective forecasts. The broker said that while there still remains some uncertainty regarding bodily injury claims - something that has plagued the stock over the last 12 months - the broker says that things have improved since the third quarter update. British American Tobacco was the heaviest faller after trading without the right to its latest dividend. Other big movers that went ex-dividend today include FTSE 100 peers CRH, Serco and Standard Chartered and FTSE 250 stocks TUI Travel, Spirent Communications, Kesa Electricals, BlackRock World Mining Trust, Domino Printing Sciences and Renishaw. Banking titan HSBC's sale of peripheral parts of its operations has continued with the sale of its general insurance businesses in Hong Kong, Singapore, Argentina and Mexico. Shares rose moderately, while sector peers Royal Bank of Scotland, Barclays and Lloyds were broadly flat. Power systems giant Rolls-Royce edged higher after announcing that it will soon begin flight tests of an engine upgrade for the US Air Force's T56 turboprop engine. FTSE 250: COBHAM SURGES AFTER HIKING DIVIShares in defence technology group Cobham jumped nearly 13% after raising its full-year dividend by a third on the back of strong profits and cash generation in 2011. While revenue fell 3%, the group gave an optimistic outlook for defence spending in the US. Jefferies reiterated its buy rating saying that the results appear 'robust and encouraging'.Development, environmental and energy resources consultancy RPS Group rose after seeing full-year pre-tax profits come in marginally ahead of expectations. Afren was making gains after well test results at its Okoro East oil discovery, offshore Nigeria, confirmed high quality oil in excellent reservoir sands. Future horizontal production wells at the project will be capable of yielding 4,500-7,000 barrels of oil per day each, the group predicts. Aquarius Platinum was also moving up, buoyed by an upgrade from Panmure Gordon (to buy from sell).BCFTSE 100 - RisersAdmiral Group (ADM) 1,144.00p +10.00%Essar Energy (ESSR) 107.00p +5.31%ICAP (IAP) 394.40p +3.63%Burberry Group (BRBY) 1,437.00p +3.16%Schroders (Non-Voting) (SDRC) 1,235.00p +3.09%Petrofac Ltd. (PFC) 1,591.00p +2.98%Evraz (EVR) 391.00p +2.89%ARM Holdings (ARM) 549.50p +2.61%InterContinental Hotels Group (IHG) 1,419.00p +2.60%Intertek Group (ITRK) 2,320.00p +2.56%FTSE 100 - FallersBritish American Tobacco (BATS) 3,126.00p -2.05%CRH (CRH) 1,263.00p -1.71%Standard Chartered (STAN) 1,555.50p -0.61%Antofagasta (ANTO) 1,230.00p -0.57%National Grid (NG.) 645.50p -0.54%International Power (IPR) 359.40p -0.50%Cairn Energy (CNE) 319.70p -0.40%BG Group (BG.) 1,465.00p -0.34%Resolution Ltd. (RSL) 260.80p -0.31%Royal Dutch Shell 'A' (RDSA) 2,247.50p -0.16%FTSE 250 - RisersCobham (COB) 209.70p +12.56%Cable & Wireless Worldwide (CW.) 33.55p +7.50%Inmarsat (ISAT) 461.30p +6.49%Bodycote (BOY) 403.80p +4.80%Michael Page International (MPI) 464.10p +4.76%Afren (AFR) 131.50p +4.70%Aquarius Platinum Ltd. (AQP) 137.00p +4.66%Drax Group (DRX) 516.50p +4.32%Bwin.party Digital Entertainment (BPTY) 161.20p +3.93%Imagination Technologies Group (IMG) 601.50p +3.80%FTSE 250 - FallersKesa Electricals (KESA) 68.55p -3.59%TUI Travel (TT.) 188.00p -2.69%Dixons Retail (DXNS) 14.62p -2.47%Renishaw (RSW) 1,369.00p -2.14%New World Resources A Shares (NWR) 478.60p -1.97%COLT Group SA (COLT) 99.90p -1.58%BlackRock World Mining Trust (BRWM) 698.00p -1.55%Diploma (DPLM) 385.00p -1.51%Exillon Energy (EXI) 198.50p -1.44%SDL (SDL) 712.00p -1.39%
More News
20 Jun 2024 08:58

TOP NEWS: Sainsbury's pays NatWest GBP125 million to take on bank arm

(Alliance News) - NatWest Group PLC on Thursday agreed to buy the retail banking assets and liabilities of Sainsbury's Bank from J Sainsbury PLC.

Read more
20 Jun 2024 08:11

NatWest swoops on retailer Sainsbury's banking business

LONDON, June 20 (Reuters) - NatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury's, the companies said on Thursday, in a deal that would increase the British lender's assets by 2.5 billion pounds ($3.2 billion).

Read more
18 Jun 2024 08:36

IN BRIEF: Melrose Industries hires former British Land CEO as chair

Melrose Industries PLC - Birmingham, England-based aerospace firm with Engines and Structures divisions that were formerly part of GKN - Hires Chris Grigg to be non-executive chair, joining the Melrose board on October 1 and taking over as chair from Justin Dowley at the end of March next year. Dowley has been in post since 2019. Grigg currently is chair of the UK Infrastructure Bank and of wealth manager Evelyn Partners. He was senior independent director of BAE Systems PLC until this past December. As an executive, he was chief executive of commercial property developer British Land Co PLC and of Barclays Commercial Bank, part of Barclays PLC.

Read more
17 Jun 2024 22:30

UK's Labour pledges to plug gaps left by bank branch closures

LONDON, June 17 (Reuters) - Britain's Labour Party said on Monday it would give regulators new powers to significantly increase the number of 'banking hubs' on high streets if voted into government next month.

Read more
17 Jun 2024 09:33

LONDON BROKER RATINGS: Goldman Sachs cuts SSP Group to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
13 Jun 2024 09:37

LONDON BROKER RATINGS: Jefferies raises Great Portland to 'hold'

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

Read more
13 Jun 2024 00:00

Revolut picks new Canary Wharf HQ as it expands headcount

LONDON, June 13 (Reuters) - Britain's Revolut is to become the first tenant in a newly refurbished building in London's Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm accelerates hiring.

Read more
12 Jun 2024 08:47

TOP NEWS: National Grid gets 90% acceptances for GBP7 billion raise

(Alliance News) - National Grid PLC on Wednesday said it received acceptances for more than 90% of the new shares on offer as part of its GBP7.00 billion rights issue.

Read more
10 Jun 2024 15:36

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

Read more
10 Jun 2024 14:07

Britain's payments industry calls for delay and cut in scam compensation rules

LONDON, June 10 (Reuters) - Britain's payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that "significant changes" were needed to avoid damaging competition.

Read more
31 May 2024 08:34

UK competition watchdog probes Nationwide-Virgin Money deal

May 31 (Reuters) - Britain's competition regulator said on Friday it had started a probe into Nationwide Building Society's proposed 2.9 billion pound ($3.7 billion) all-cash deal to buy Virgin Money UK.

Read more
24 May 2024 16:45

Danske Bank and Barclays chop ECB rate cut forecasts

LONDON, May 24 (Reuters) - Danske Bank said on Friday it expects the European Central Bank only to cut interest rates twice this year, not three times, while Barclays also scrapped a call for a July reduction.

Read more
24 May 2024 08:52

TOP NEWS: Coventry Building Society buys Co-Op Bank for GBP780 million

(Alliance News) - Coventry Building Society on Friday said it has agreed to buy Co-operative Bank Holdings PLC for GBP780 million in cash, in the latest shift in the UK's banking landscape.

Read more
21 May 2024 10:47

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court

LONDON, May 21 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, was on Tuesday refused permission to appeal against his conviction at the United Kingdom's Supreme Court, but was given a potential route to clear his name.

Read more
21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

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

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.