Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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: 219.20
Bid: 219.50
Ask: 219.60
Change: -0.80 (-0.36%)
Spread: 0.10 (0.046%)
Open: 222.05
High: 224.25
Low: 219.05
Prev. Close: 220.00
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: US manufacturing data fuels late surge

Tue, 01st May 2012 16:38

- US data offsets disappointing figures from China, UK- Lloyds leads banks higher, Man Group tumbles- Chemring gains 20pc after contract winWith markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gave London's FTSE 100 a boost in afternoon trade. The benchmark surged by 50 points in the hour after the US data and finished over 1.3 per cent higher.The US manufacturing sector expanded at a faster-than-expected rate in April, according to the latest data from the Institute for Supply Management (ISM). The ISM's Purchasing Managers' Index (PMI) improved from 53.4% in March to 54.8% last month. The market consensus was expecting a slight fall to around the 53%-mark.The report will likely ease some concerns surrounding the US economy as of late, with regional manufacturing surveys (including the Empire State, Philadelphia Fed, and Chicago PMI) all showing declines in April. "The news provided a major lift to equities, which have been struggling since it was confirmed that Spain had entered a double dip recession yesterday morning," said analyst Craig Erlam from Alpari. "The data is likely to calm talk of further QE in the US for now, however the market is fickle, low employment figures, especially non-farm payroll on Friday, will surely get the QE rumour mill going again," Erlam said.Earlier in the day, it was revealed that UK manufacturing growth eased in April as exports were hit by weaker demand from across the globe. The Markit/CIPS manufacturing PMI fell from 51.9 to 50.5, compared with the consensus forecast of 51.6. Meanwhile, China's statistics bureau and logistics federation reported that the national manufacturing PMI rose from 53.1 to 53.3, missing forecasts of a rise to 53.6.FTSE 100: Banks surge after results from LloydsLloyds reported better-than-expected first-quarter earnings this morning, following on from last week's beat from Barclays. Profits were back in the black in the first three months of 2012, prompting an 8% jump in the share price by the close of trade. The bank said pre-tax profits came in at £288m compared to a loss of £3.47bn in the same period the year before. "If [CEO] Antonio still needs cheering up after the 6% share price rebound of the past eight days then the underlying trends visible in today's numbers could be just the tonic," said analysts at Investec, which reiterated its buy rating on the stock today. Results from Standard Chartered and Royal Bank of Scotland are due for release later this week.Cigarette producer Imperial Tobacco was smoking after beating market expectations in its first half. "Would not expect much change to consensus numbers on the back of these results, but positive tone from management into H2 will give the market some comfort on the top line delivery in H2," said analysts at Jefferies.Engine developer Rolls-Royce rose strongly after announcing a contract with US peer Pratt and Whitney to supply the Rolls-Royce LiftSystem for 17 F-35B Lightning II aircraft. Just a handful of stocks finished the day in the red, with hedge fund manager Man Group the stand-out faller, dropping nearly 6%. While the firm reported a slight increase in funds under management in the first quarter, the company reported a negative performance from its flagship AHL fund. Integrated oil major BP also fell after underlying replacement cost profit was down in the first quarter, with the downstream business primarily responsible for the fall-off. ?? FTSE 250: Chemring rocketsThe share price of pyrotechnics and military counter-measures specialist Chemring rose by a fifth today after the firm announced two new orders, one big and one small. The largest was in the US, where its Non-Intrusive Inspection Technology (NITEK) division was awarded a contract for the ground penetrating radar, Husky mounted detection system. The contract ceiling is $579m with an initial order of $161m. Shares in energy and mineral extraction industries services provider Cape advanced after the firm announced that underlying revenues increased by one-tenth in the first quarter. Oil and gas engineering firm Lamprell also rose after saying it had secured a $227m contract from an unnamed drilling contractor to build one of its popular jackup rigs. Argos and Homebase owner Home Retail was out of favour ahead of its full-year results due tomorrow morning. The company said last month that its full-year results should be in line with expectations, albeit somewhat lower than the previous year.FTSE 100 - RisersLloyds Banking Group (LLOY) 33.59p +8.34%Royal Bank of Scotland Group (RBS) 25.30p +4.24%Imperial Tobacco Group (IMT) 2,556.00p +3.73%Barclays (BARC) 226.20p +3.64%Rolls-Royce Holdings (RR.) 853.00p +3.58%Wolseley (WOS) 2,423.00p +3.41%Fresnillo (FRES) 1,613.00p +3.40%BHP Billiton (BLT) 2,039.00p +3.27%Capita (CPI) 684.50p +3.24%Aviva (AV.) 317.50p +3.05%FTSE 100 - FallersMan Group (EMG) 97.80p -5.51%Next (NXT) 2,896.00p -1.13%Admiral Group (ADM) 1,200.00p -0.91%BP (BP.) 441.30p -0.83%Pearson (PSON) 1,153.00p -0.60%IMI (IMI) 985.00p -0.45%Morrison (Wm) Supermarkets (MRW) 279.40p -0.43%Severn Trent (SVT) 1,683.00p -0.41%Aberdeen Asset Management (ADN) 282.40p -0.39%ARM Holdings (ARM) 522.00p -0.38%FTSE 250 - RisersChemring Group (CHG) 391.90p +20.03%Cape (CIU) 407.10p +7.87%Brown (N.) Group (BWNG) 241.80p +5.50%Lamprell (LAM) 362.00p +4.02%PayPoint (PAY) 663.00p +3.67%Booker Group (BOK) 81.90p +3.67%easyJet (EZJ) 513.50p +3.55%Shanks Group (SKS) 95.70p +3.46%Restaurant Group (RTN) 290.00p +3.24%Interserve (IRV) 295.30p +3.18%FTSE 250 - FallersHome Retail Group (HOME) 101.00p -5.25%Imagination Technologies Group (IMG) 656.50p -4.51%Supergroup (SGP) 333.00p -4.26%CSR (CSR) 222.80p -3.42%Rank Group (RNK) 113.50p -2.99%Gem Diamonds Ltd. (DI) (GEMD) 253.00p -2.32%Ocado Group (OCDO) 127.00p -2.16%Howden Joinery Group (HWDN) 120.00p -1.64%Paragon Group Of Companies (PAG) 177.10p -1.61%Centamin (DI) (CEY) 67.50p -1.60%BC
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.