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Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

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London close: Stocks surge after US data, Spanish stress tests

Mon, 01st Oct 2012 16:45

- US data beats forecasts in September- Reports imply Germany may soften stance on Greece- Banks and miners rise strongly in London- Credit Suisse says Spanish stress test a "generally credible exercise"- Credit Suisse says larger top-down questions remain in stress testsBetter-than-forecast manufacturing figures from the US and encouraging newsflow from Europe drove impressive gains on stock markets on Monday, with the FTSE 100 kicking off the fourth quarter with a bang and finishing up 1.4 per cent on the day.Economic figures from the US came in above expectations this afternoon, driving strong gains on Wall Street from the off. The ISM's manufacturing guage rose from 49.6 to 51.5 in September, its best level since May and above the 49.7 consensus estimate."The number, at 51.5, shows significant growth compared to forecasts, potentially illustrating a forthcoming uptick in the broader US economy," said financial trade David White from Spreadex. "Not surprisingly, then, high beta stocks have diverged from their VWAPs [volume-weighted average prices], allowing the move to continue into the European close."Investors were seemingly shrugging off the news that both UK and Chinese manufacturing purchasing managers' indices (PMIs) remained below the 50-point mark in the same month, the level which separates contraction with expansion.Friday's release by Oliver Wyman on the Spanish financial sector was among the factors lifting sentiment on markets today. The independent auditor estimated that banks would need €59.3bn in funds in order to stay afloat, well within the €100bn limit given by the European Union. A positive outcome then? Well, this is some of what analysts at Goldman Sachs had to say: "The MoU stated that "the main objective ... is restoring [the banks'] market access". In our view, this goal cannot be reached through bank recapitalizations. Bank funding is inextricably linked to that of the sovereign, and here the "bank problem" has ceased to be the "main problem". This, at least, is confirmed by this test." Having said that, some observers, such as Kathleen Brooks at Forex.com, believe or emphasize that the market has taken the tests seriously because they have been carried out by an independent company. Also, she points out, "the [Spanish] finance minister said that Spain was "analysing" an ECB aid proposal. This isn't a confirmation that it will make a request, but it leaves the door open for a formal request in the near-future, which would then (finally) activate the OMT programme." On what seems to be a possibly similarly positive note, according to a report in WirtschaftsWoche Greece will receive 31bn euros in aid despite the fact that the Troika report will say that the country has not yet fulfilled all the conditions which had been set out for it.FTSE 100: Banks and miners lead the riseBanking stocks were in demand with Royal Bank of Scotland, Lloyds and Barclays benefiting from ratings upgrades from Liberum Capital, which lifted its recommendation on all three to 'buy'. The big news of the day was that the so-called merger of equals between commodities trader Glencore and mining titan Xstrata is back on after the independent directors of the latter agreed to Glencore's terms. Jefferies reiterated its positive stance on both stocks this morning, saying that they while they may underperform after the shareholder votes later this year, the combined 'Glenstrata' entity will be one of its top picks for the long term. British Airways and Iberia owner IAG was flying high after the International Air Transport Association (IATA) lifted its profit forecast for the global airline industry for this year by a third.Supermarket group Sainsbury was in the red ahead of its second-quarter trading statement on Wednesday. Sector peer Tesco, which reports its interim results on the same day, was also down after a ratings downgrade from Seymour Pierce from 'hold' to 'reduce'; the broker cited poor visibility as a reason behind the move. Defence group BAE Systems was wanted this morning after itself and aerospace titan EADS revealed details of its proposed £28bn tie-up. "There comes a time when it is right to seize the moment, and to create something that is even stronger and better. We believe that time is now," the companies' CEOs said in a joint statement. Meanwhile, tobacco groups British American and Imperial were up after some positive comments from Investec today. "The NHS wants us to stop smoking for October. We respond by going long on UK tobaccos," said analyst Martin Deboo. The broker has raised its rating on BATS from 'hold' to 'buy' and renewed its 'buy' recommendation for IMT. Shares in drugs giant AstraZeneca were hit in afternoon trading after the company revealed that it has suspended its share repurchase programme. The company has repurchased a net $0.7bn of shares since the end of the first half, bringing the year-to-date total to $2.3bn. The group's initial full-year target for repurchases stands at $4.5bn. FTSE 250: SuperGroup continues to be super SuperGroup continues to extend gains after its impressive results announced last month, in which it reported a 10% increase in total sales in the first quarter. Including today's near-9% rise, shares have gained 35% in the past month. Shares finished the day around technical resistance (at 650p) with the next key level being at 700p, according to technical analysts at Digital Look. "There does not seem to have been any fundamental trigger for the move, although shares had been 'thrown back' towards technical support at 600p," they said.House builder Taylor Wimpey was a high riser after Citi upgraded its rating on the stock. Sector peer Barratt Developments was also on the up. International investment group Caledonia rose after buying a portfolio of five industrial business from US-based operating company Latshaw Enterprises for $42m. FTSE 100 - RisersAnglo American (AAL) 1,891.00p +4.07%Polymetal International (POLY) 1,125.00p +3.69%Royal Bank of Scotland Group (RBS) 266.40p +3.66%IMI (IMI) 932.50p +3.61%International Consolidated Airlines Group SA (CDI) (IAG) 154.30p +3.56%Schroders (SDR) 1,572.00p +3.56%Barclays (BARC) 222.35p +3.49%Croda International (CRDA) 2,501.00p +3.13%Lloyds Banking Group (LLOY) 39.98p +2.95%Kazakhmys (KAZ) 712.50p +2.89%FTSE 100 - FallersAstraZeneca (AZN) 2,925.00p -1.02%Sainsbury (J) (SBRY) 345.80p -0.49%Babcock International Group (BAB) 922.50p -0.49%Morrison (Wm) Supermarkets (MRW) 283.90p -0.46%CRH (CRH) 1,187.00p -0.42%Glencore International (GLEN) 342.00p -0.32%Tesco (TSCO) 331.00p -0.30%Kingfisher (KGF) 264.00p -0.08%G4S (GFS) 266.00p +0.11%Intertek Group (ITRK) 2,746.00p +0.22%FTSE 250 - RisersSupergroup (SGP) 649.00p +8.62%NMC Health (NMC) 195.70p +8.12%Pace (PIC) 169.90p +6.65%Morgan Crucible Co (MGCR) 278.10p +5.30%Spectris (SXS) 1,810.00p +4.93%Jupiter Fund Management (JUP) 254.20p +4.31%Rank Group (RNK) 150.80p +3.93%Hochschild Mining (HOC) 505.00p +3.91%Rotork (ROR) 2,351.00p +3.89%ICAP (IAP) 333.00p +3.71%FTSE 250 - FallersWH Smith (SMWH) 625.00p -3.33%Stobart Group Ltd. (STOB) 114.00p -3.14%Telecom Plus (TEP) 821.00p -3.01%Talvivaara Mining Company (TALV) 148.90p -2.30%Ruspetro (RPO) 105.20p -1.68%Fidessa Group (FDSA) 1,447.00p -1.63%Computacenter (CCC) 374.70p -1.39%Provident Financial (PFG) 1,355.00p -1.31%London Stock Exchange Group (LSE) 933.00p -1.06%Ladbrokes (LAD) 171.00p -1.04%BC
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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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26 Sep 2023 16:54

LONDON MARKET CLOSE: Stocks suffer on US government shutdown fear

(Alliance News) - London's FTSE 100 outperformed on a day of wider risk aversion for global markets, with US government shutdown fears keeping a lid on enthusiasm.

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26 Sep 2023 16:47

London close: Stocks mixed on global economic jitters

(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.

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26 Sep 2023 09:23

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

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

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26 Sep 2023 07:46

LONDON BRIEFING: PZ Cussons profit drops; Smiths Group profit triples

(Alliance News) - Stocks in London are set to open in the red on Tuesday as concerns around the world's two largest economies weighed on market mood.

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22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

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

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