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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: 214.55
Bid: 214.55
Ask: 214.65
Change: -2.20 (-1.01%)
Spread: 0.10 (0.047%)
Open: 215.35
High: 215.35
Low: 213.80
Prev. Close: 216.75
BARC Live PriceLast checked at -

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London close: Subdued finish for Footsie, but Vedanta jumps

Fri, 24th Feb 2012 17:07

- Vedanta jumps on further speculation of restructuring in India.- Lloyds falls on tough outlook for 2012.- BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie finished flat on Friday after the blue chip index swung between gains and losses in a tight range of just 20 points or so for the majority of the day. Despite some better-than-expected economic data Stateside, which has fuelled a strong start on Wall Street, London's market remained subdued as some strong performances from Vedanta, Hammerson and oil groups were offset by a decline in heavyweight banking stocks Lloyds and RBS.In domestic news, UK gross domestic product (GDP) grew by 0.2% quarter-on-quarter in the fourth quarter of 2011 (0.7% year-on-year), according to the latest data out from the Office for National Statistics (ONS) this morning. That confirmed the preliminary estimate from government statisticians. The Bank of England's Markets Director, Paul Fisher, has said he remains open minded to a further round of quantitative easing (QE), or whether they should stop. "We may get surprises, positive or negative, before then which causes us to change our mind, but at the moment I would have a completely open mind going into the next round whether or not we need to (do more)," he said in an interview with City AM. He described the economic outlook as being "incredibly uncertain", adding that he feels, "slightly more comfortable about the inflation outlook than the outlook for growth." Meanwhile, in Eurozone news, European Central Bank (ECB) President Mario Draghi said that a turning point has been reached in the sovereign debt crisis and that Eurozone countries must now follow up with the implementation of austerity measures in order to assure an end to the saga. Investors are now looking ahead to next week's Long-Term Refinancing Operation (LTRO) by the ECB to provide low-cost funds to the region's banks.VEDANTA RISES ON RESTRUCTURING SPECULATION, LLOYDS TAKES A HITMining giant Vedanta Resources jumped late on after its Indian iron ore subsidiary Sesa Goa revealed that its board is meeting tomorrow to "consider restructuring proposals of the company". Rumours of a merger of Vedanta's two businesses - Sesa Goa and Sterlite (copper) - have been doing the rounds after the group announced that is reviewing its strategy to "simplify and consolidate its corporate structure". Today's announcement has raised the possibility of a potential combination. Lloyds Banking Group was a heavy faller after saying it expects the external environment to remain challenging this year and has had to delay its return on equity and income-related targets beyond 2014. The lender reported a statutory pre-tax loss of £3,542m for 2011, compared with a profit of £281m the year before, which includes a £3.2bn non-recurring provision for Payment Protect Insurance contact and redress costs. Sector peer RBS also fell after disappointing with its full-year results yesterday, while Barclays was making decent gains. Real estate investment trust Hammerson was the high riser after saying that it is to sell its offices investments to focus on its retail operations in the UK and France. The change in strategy was announced with the company's 2011 results in which it unveiled a 7.1% increase in adjusted net asset value per share (NAV) on a European Public Real Estate Association (EPRA)-sanctioned basis. Unilever was among the worst performing blue-chips after US rival Procter and Gamble unveiled plans to cut costs extensively and expand its presence in emerging markets. Sector peer Reckitt Benckiser was also on the fall after Goldman Sachs downgraded the consumer products group from buy to neutral. Oil giants Essar Energy, BG and BP were making gains as crude prices continued to rise. Brent crude futures were gaining 0.22% at the end of the session at the $123.89 level on the InterContinental Europe exchange. BP was higher despite apparently experiencing unplanned flaring and a breakdown at its Carson refinery in California. Shares in terrestrial broadcaster ITV were making gains ahead of the group's full-year results next Wednesday. Credit Suisse today reiterated its outperform rating on ITV saying that the stock is still "modestly valued" - trading at 10 times 2012 earnings - despite the 32% rally in the share price over the last three months. "Given ITV's structural advantage of being a vertically integrated producer/broadcaster, we think the stock deserves a higher rating," the broker said.FTSE 250: BERENDSEN JUMPS WHILE AQUARIUS TANKS Textile services firm Berendsen has reported a rise in both revenue and pre-tax profit for the full year ended December 31st. Profit before tax rose to £79.3m from £34.6m the previous year, while revenue gained 1% from £986.1m to £992m. Shares were up 10%. Heading the other way was miner Aquarius Platinum which said the Indigenisation Implementation Plan that its indirect 50% subsidiary submitted to the government of Zimbabwe in November 2011 has been rejected. Mimosa Holdings had submitted a plan outlining how it would meet the country's law requiring foreign miners to sell 51% of their assets to entities designated by the government. Insurance underwriter Lancashire Holdings was in the red after UBS downgraded the stock from buy to neutral on valuation grounds. BCFTSE 100 - RisersVedanta Resources (VED) 1,500.00p +4.53%Evraz (EVR) 415.00p +4.38%Man Group (EMG) 134.40p +4.19%Capita (CPI) 747.50p +4.11%Hammerson (HMSO) 400.10p +3.73%Essar Energy (ESSR) 126.00p +3.62%Amec (AMEC) 1,123.00p +3.22%GKN (GKN) 235.50p +3.15%ITV (ITV) 80.10p +2.96%Barclays (BARC) 247.65p +2.76%FTSE 100 - FallersLloyds Banking Group (LLOY) 35.73p -2.31%Reckitt Benckiser Group (RB.) 3,421.00p -2.26%Randgold Resources Ltd. (RRS) 7,335.00p -2.20%Unilever (ULVR) 2,050.00p -1.91%Burberry Group (BRBY) 1,421.00p -1.46%Ashmore Group (ASHM) 395.50p -1.42%International Consolidated Airlines Group SA (IAG) 160.40p -1.35%Carnival (CCL) 1,872.00p -1.32%Fresnillo (FRES) 1,864.00p -1.11%Vodafone Group (VOD) 171.75p -1.01%FTSE 250 - RisersOphir Energy (OPHR) 426.00p +13.60%Berendsen (BRSN) 500.00p +8.23%Logica (LOG) 88.70p +7.52%Genus (GNS) 1,321.00p +5.26%Afren (AFR) 146.00p +4.51%JPMorgan Russian Securities (JRS) 596.00p +3.47%EnQuest (ENQ) 129.10p +3.28%Galliford Try (GFRD) 578.00p +3.21%Diploma (DPLM) 403.90p +3.17%Brewin Dolphin Holdings (BRW) 156.80p +3.16%FTSE 250 - FallersAquarius Platinum Ltd. (AQP) 136.00p -6.91%Hays (HAS) 84.10p -3.67%Computacenter (CCC) 400.60p -2.88%Kier Group (KIE) 1,298.00p -2.70%Centamin (DI) (CEY) 91.75p -2.50%JD Wetherspoon (JDW) 397.30p -2.38%Petropavlovsk (POG) 731.50p -2.34%Lancashire Holdings (LRE) 772.00p -2.28%Fenner (FENR) 470.90p -2.26%Aberdeen Asset Management (ADN) 247.30p -2.21%br
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17 May 2024 21:33

IN BRIEF: Barclays intends to fully redeem EUR750 million notes

Barclays PLC - London-based bank - Intends to fully redeem all of the outstanding EUR750 million 0.75% reset notes due 2025 on June 9. The outstanding notes will be redeemed on the redemption date at a price equal to 100% of their principal amount plus accrued but unpaid interest from, and including, June 9 last year.

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13 May 2024 10:51

Barclays promotes Chiapparoli EMEA co-head for industrials, names new Italy CEO

MILAN, May 13 (Reuters) - British bank Barclays on Monday said it had appointed Enrico Chiapparoli as co-head of industrials for Europe, Middle East and Africa (EMEA), leaving his post as Italy chief executive to Paolo De Luca.

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10 May 2024 11:17

JPMorgan still positive on UK banks despite potential rate cuts

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9 May 2024 12:08

Barclays AGM disrupted by activists protesting over Gaza

LONDON, May 9 (Reuters) - Barclays' annual shareholder meeting was disrupted by activists protesting against its alleged indirect links to violence in Gaza, with the bank's chair telling security staff to eject them from the event in Glasgow on Thursday.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

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

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8 May 2024 16:45

UK watchdog considers redress scheme after motor finance probe

LONDON, May 8 (Reuters) - Britain's financial watchdog said on Wednesday it was considering a formal redress scheme to compensate thousands of consumers that were potentially overcharged for motor finance.

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7 May 2024 07:00

Race for Europe's first 'real-time' stock trade tape heats up

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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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29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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