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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 206.45
Bid: 216.75
Ask: 176.84
Change: -1.60 (-0.77%)
Spread: -39.91 (-18.413%)
Open: 208.05
High: 208.90
Low: 205.85
Prev. Close: 208.05
BARC Live PriceLast checked at -

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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
24 Oct 2023 09:22

LONDON MARKET OPEN: Banks weigh on FTSE 100 after Barclays disappoints

(Alliance News) - Stock prices in London opened lower on Tuesday, amid some disappointing UK company updates and the continuing uncertainty caused by the conflict in the Middle East

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24 Oct 2023 09:11

TOP NEWS: Barclays cuts UK outlook, third-quarter revenue falls short

(Alliance News) - Barclays PLC's third-quarter revenue fell short of estimates, though its profit topped consensus, despite a rise in provisions, numbers on Tuesday showed.

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24 Oct 2023 07:55

LONDON BRIEFING: Barclays quarterly income rises, but profit falls

(Alliance News) - Stocks in London are expected to edge into the red on Tuesday, as investors look ahead to the latest series of flash PMI prints from major economies.

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24 Oct 2023 07:28

Barclays beats Q3 profit forecasts but cuts NIM guidance

(Sharecast News) - Third-quarter headline profits at Barclays may have comfortably beaten analysts' forecasts, but the bank disappointed the market on Tuesday with a cut to its guidance for UK net interest margin (NIM), a key measure of profitability in retail banking.

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18 Oct 2023 10:44

Manolete Partners hails boost on removal of UK insolvency protections

(Alliance News) - Manolete Partners PLC on Wednesday said it is emerging soundly from the UK government's alleged "suppression of the insolvency sector" during the Covid-19 pandemic.

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17 Oct 2023 15:43

UK earnings, trading statements calendar - next 7 days

Wednesday 18 October 
888 Holdings PLCTrading Statement
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Oct 2023 09:30

LONDON BROKER RATINGS: Jefferies says 'buy' Pennon, United Utilities

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

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13 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Monday 16 October 
Audioboom Group PLCTrading Statement
Seeing Machines LtdFull Year Results
Tristel PLCFull Year Results
Tuesday 17 October 
Bellway PLCFull Year Results
BP Marsh & Partners PLCHalf Year Results
IntegraFin Holdings PLCTrading Statement
Jupiter Green Investment Trust PLCTrading Statement
Moneysupermarket.com Group PLCTrading Statement
Nanoco Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Revolution Bars Group PLCFull Year Results
Rio Tinto PLCTrading Statement
Seraphim Space Investment Trust PLCFull Year Results
Smartspace Software PLCHalf Year Results
Vanquis Banking Group PLCTrading Statement
Wednesday 18 October 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Cirata PLCTrading Statement
Hochschild Mining PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Quilter PLCTrading Statement
Segro PLCTrading Statement
Sosandar PLCTrading Statement
Whitbread PLCHalf Year Results
Thursday 19 October 
AJ Bell PLCTrading Statement
Centamin PLCQ3 Results
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
GB Group PLCTrading Statement
Gear4Music PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Relx PLCTrading Statement
Rentokil Initial PLCQ3 Results
Sabre Insurance Group PLCTrading Statement
Schroders PLCTrading Statement
St James's Place PLCTrading Statement
Friday 20 October 
Barclays PLCQ3 Results
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Oct 2023 16:02

London close: Stocks mixed as US inflation comes in slightly hot

(Sharecast News) - London markets ended with a mixed outcome on Thursday, as investors digested a fresh inflation reading out of the US, as well as a slight uptick in the UK economy.

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12 Oct 2023 12:00

Barclays nixes ex-CEO Staley's bonuses after FCA's Epstein judgement

(Alliance News) - Barclays PLC on Thursday said that Jes Staley, the bank's disgraced ex-boss, will no longer be able to claim historic bonuses after "recklessly" misleading regulators about his relationship with Jeffrey Epstein.

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12 Oct 2023 11:51

Former Barclays boss Jes Staley banned over Epstein scandal

(Sharecast News) - The former chief executive of Barclays has been banned and fined nearly £2m by the City watchdog over his relationship with disgraced financier Jeffrey Epstein.

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11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

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

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10 Oct 2023 16:34

London close: Stocks finish higher on dovish Fed rhetoric

(Sharecast News) - London markets enjoyed a buoyant session on Tuesday, closing with substantial gains after dovish comments from US Federal Reserve officials overnight signalled a potential pause to interest rate hikes.

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6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

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5 Oct 2023 16:54

LONDON MARKET CLOSE: FTSE 100 rises but banks struggle on Metro woe

(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank.

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