The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen 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: 214.55
Bid: 214.55
Ask: 214.60
Change: 1.90 (0.89%)
Spread: 0.05 (0.023%)
Open: 212.75
High: 214.75
Low: 211.50
Prev. Close: 212.65
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: 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
More News
4 Sep 2023 14:32

Barclays reportedly looking for investors in UK merchant payments arm

(Sharecast News) - Barclays is looking for buyers to invest in its merchant acquiring unit in the UK, according to reports.

Read more
1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

Read more
31 Aug 2023 23:16

Arm prepares to meet investors ahead of blockbuster IPO -sources

NEW YORK, Aug 31 (Reuters) - Arm Holdings Ltd plans to launch its roadshow for investors after Labor Day, as the chip designer prepares for its much-anticipated initial public offering (IPO) in September, according to people familiar with the matter.

Read more
29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

U.S. job openings data boosts Fed pause bets

*

Read more
25 Aug 2023 14:43

Barclays hires internet banker Taylor from Goldman Sachs-memo

Aug 25 (Reuters) - Barclays Plc has hired Emma Taylor, a Goldman Sachs Group Inc technology banker, as global head of internet investment banking, according to an internal memo seen by Reuters.

Read more
18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

Read more
18 Aug 2023 09:57

Everyman half-year revenue and earnings down; agrees new loan facility

(Alliance News) - Everyman Media Group PLC on Friday said it is trading in line with expectations, although first-half revenue and earnings were lower.

Read more
17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

Read more
15 Aug 2023 07:49

LONDON BRIEFING: L&G profit falls on investments; M&S outlook rosy

(Alliance News) - Stocks in London are expected to edge up at Tuesday's open, as investors weigh the latest economic data from the UK and Asia.

Read more
14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

LONDON, Aug 14 (Reuters) - Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.

Read more
13 Aug 2023 18:29

US Steel to explore strategic alternatives after unsolicited bids

Aug 13 (Reuters) - United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business.

Read more
10 Aug 2023 17:30

British equities rise as travel stocks rally after China lifts travel curbs

China eased travel restrictions

*

Read more
9 Aug 2023 16:16

FTSE 100 movers: Commodity stocks rise, Hiscox sinks

(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.

Read more
3 Aug 2023 20:39

UBS taps Barclays semiconductors banker Anissimov-sources

NEW YORK, Aug 3 (Reuters) - UBS Group AG has hired semiconductors banker Dmitri Anissimov from Barclays Plc , according to people familiar with the matter.

Read more
3 Aug 2023 19:13

UK's Hunt asks financial watchdog to urgently review 'debanking' concerns

LONDON, Aug 3 (Reuters) - British finance minister Jeremy Hunt said on Thursday he had asked the country's financial services watchdog to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

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.