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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: 216.75
Bid: 216.55
Ask: 216.65
Change: 0.00 (0.00%)
Spread: 0.10 (0.046%)
Open: 217.35
High: 218.15
Low: 216.30
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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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC and Barclays its top picks, but Standard Chartered its least preferred.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

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19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

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

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19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
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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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

(Alliance News) - The UK Financial Conduct Authority on Friday said it has reminded motor financing companies to maintain adequate financial resources at all times as it continues its review of their activities.

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12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

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10 Apr 2024 19:26

Barclays reduces Fed rate cut view to one in 2024

NEW YORK, April 10 (Reuters) - Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today.

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9 Apr 2024 16:27

Sabadell feels no pressure from British M&A activity to sell TSB

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9 Apr 2024 12:20

PRESS: Barclays mounts challenge to UK car finance ruling - Sky

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5 Apr 2024 09:53

OSB promotes Victoria Hyde to chief financial officer

(Alliance News) - OSB Group PLC on Friday named Victoria Hyde as its chief financial officer, with effect from May 10.

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4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

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4 Apr 2024 15:24

Sector movers: Lenders and industrial miners pace gains amid search for yield

(Sharecast News) - Lenders' and miners' shares helped London's top-flight index outperform amid a renewed focus on the part of some investors on so-called 'value' stocks.

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3 Apr 2024 13:19

Morgan Stanley commits to Canary Wharf home until at least 2038

LONDON, April 3 (Reuters) - Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

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