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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 trim losses as bank-run fears subside

Mon, 18th Mar 2013 16:44

After registering sharp declines early on, stock markets across Europe had clawed back losses by the close of trade on Monday, as concerns of a contagious bank run across the Eurozone periphery were eased.Markets suffered a steep sell-off in the morning session after this weekend's controversial bailout package for Cyprus proposed a one-time levy on customer accounts, sparking a frantic race to withdraw cash from ATMs and banks across the country. Fears of contagion dampened sentiment across the continent early on, but indices bounced off their lows as there were no signs of bank runs elsewhere, especially in Spain."With the immediate threat of a run on European banks gone for now, traders took full advantage of this morning's sell-off and bought the dip, prompting a recovery in most indices," said Market Analyst Craig Erlam from Alpari this afternoon.Cypriot dealWhile the aid package for Cyprus had been trimmed from the initial €17.5bn amount (previous estimates) to €10bn, headlines focused on the plan for Greek depositors to share some of the burden to make up the difference. The government said it would impose a one-time tax on customer accounts once banks re-open on Tuesday following a bank holiday, though this proposal still requires the approval in parliament.The tax, which will allow Cyprus to raise around €6.0bn, was the country's "least painful option", according to President Nicos Anastasiades. Otherwise, he said that Cyprus would have to exit the Eurozone.Matt Basi, the Head of UK Sales Trading at CMC Markets, said: "The willingness to stand behind the single currency shown by voters on the peripheries of the union - in the face of mass unemployment and mandatory austerity measures - has been nothing short of astonishing, but if the Eurozone's leaders vote to cut out the middle man and start helping themselves to people's savings, it's unlikely that they'll avoid a significant backlash."FTSE 100: M&S holds on to gains despite denial from QatarTakeover speculation surrounding High Street retailer Marks & Spencer (M&S) pushed the stock sharply higher today, but an outright denial by rumoured Qatari bidders failed to dampen the share price in afternoon trade. Ronnie Chopra, the Head of Strategy at Tradenext, said that there is very little bid premium priced into the stock at current levels "plenty of upside" to 400p. Leading the downside were the miners as risk appetite was scaled back. ENRC dropped around 7.0% ahead of its full-year results on Wednesday when it is expected to report a drop in profits. Kazakhmys, Polymetal and Glencore also suffered sharp losses in afternoon trade. Banks didn't fare much better with Barclays and RBS finishing firmly in the red. However, HSBC bucked the trend after Nomura reiterated its 'buy' rating for the stock, saying that the lender (along with StanChart) is its sector preference.Biopharmaceutical company AstraZeneca finished lower after confirming that it is axing 1,600 jobs as part of plans to invest in new research and development centres in the US, UK and Sweden.Insurance and pensions firm Prudential was in the red after UBS downgraded it from 'buy' to 'neutral' following the stock's recent outperformance. Cruise operator Carnival also sunk after Exane BNP Paribas cut the shares to 'neutral'. FTSE 250: Essar Energy gains on news of new CFO India-focused energy firm Essar gained after saying that Chief Financial Officer P Sampath will be succeeded by Deepark Maheshawri, who has a "strong track record of providing strategic financial and capital markets advice across a number of industries". John Laing Infrastructure Fund, a public private partnership infrastructure firm, was also on the rise after it posted a solid increase in its annual portfolio value while lifting net asset value and its dividend payment. Meanwhile, Ocado retreated after making strong gains at the end of last week on the back of an upbeat set of results and a potential tie-up with Morrison.FTSE 100 - RisersMarks & Spencer Group (MKS) 398.10p +6.87%Aberdeen Asset Management (ADN) 420.30p +2.19%Babcock International Group (BAB) 1,090.00p +1.77%Tate & Lyle (TATE) 832.50p +1.77%Capita (CPI) 893.50p +1.36%Croda International (CRDA) 2,665.00p +1.18%Smiths Group (SMIN) 1,328.00p +1.14%Amec (AMEC) 1,072.00p +1.13%Next (NXT) 4,134.00p +1.08%Experian (EXPN) 1,170.00p +1.04%FTSE 100 - FallersEurasian Natural Resources Corp. (ENRC) 321.90p -7.18%Kazakhmys (KAZ) 505.50p -6.13%Barclays (BARC) 305.95p -4.41%Polymetal International (POLY) 880.50p -3.88%Royal Bank of Scotland Group (RBS) 297.30p -3.44%Prudential (PRU) 1,115.00p -3.38%Xstrata (XTA) 1,135.50p -2.49%Vedanta Resources (VED) 1,132.00p -2.41%Glencore International (GLEN) 378.65p -2.37%Carnival (CCL) 2,323.00p -2.35%FTSE 250 - RisersEssar Energy (ESSR) 153.30p +4.29%IP Group (IPO) 140.90p +3.68%Berkeley Group Holdings (The) (BKG) 2,036.00p +3.09%WH Smith (SMWH) 742.00p +2.70%Greggs (GRG) 518.00p +2.68%Afren (AFR) 150.60p +2.66%Bovis Homes Group (BVS) 667.00p +2.62%Carpetright (CPR) 656.50p +2.58%PayPoint (PAY) 890.00p +2.48%Rank Group (RNK) 173.00p +2.37%FTSE 250 - FallersOcado Group (OCDO) 163.00p -11.07%COLT Group SA (COLT) 128.80p -4.94%St. Modwen Properties (SMP) 252.30p -4.79%Ferrexpo (FXPO) 197.70p -3.98%Bumi (BUMI) 333.50p -3.97%Petra Diamonds Ltd.(DI) (PDL) 125.10p -3.77%Dunelm Group (DNLM) 822.50p -3.63%Lonmin (LMI) 317.10p -3.62%JD Sports Fashion (JD.) 740.50p -3.58%Anite (AIE) 129.80p -3.21%BC
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4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

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2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

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GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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NatWest profit falls less than feared ahead of state escape

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