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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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London close: Weaker German business confidence, stress tests weigh on stocks

Mon, 27th Oct 2014 16:14

UK-listed stocks closed lower on Monday, with banks and mining stocks providing a drag in the aftermath of the results of the latest EU bank stress tests and alongside a weak reading on German business confidence.The FTSE closed down 24.92 points at 6,363.81 after falling early on.Stocks were dragged lower by news that the IFO institute's gauge of German business confidence had dropped to a 22-month low in October, with the business climate index falling from 104.7 to 103.2, well below the 104.5 consensus forecast."We expect a stabilisation before the end of the year. For late 2014, our forecasts for Eurozone and German GDP are below consensus," said Berenberg economist Christian Schulz."Unfortunately, the October Ifo data suggests that the risks to our near-term calls remains to the downside."That came as the results of the bank's stress tests were unveiled on Friday, with Lloyds proving a particular disappointment ahead of Tuesday's interim management statement."The British banks may have passed the European stress test but for traders the margin by which Lloyds passed was too close for comfort," IG market analyst David Madden explained."It hardly instills confidence in the UK financial sector when the big five banks are given the all clear but the sector still finishes lower."Acting as a backdrop, the DJ Stoxx 600 Banks sector index fell 1.74% and the FTSE Mibtel by another 2.40%. Monte dei Paschi di Siena's stock price cratered 21.5% after the lender failed Sunday's ECB and EBA stress tests.In other news, growth in UK retail sales seemed to stabilise in October, led by a bounce in the clothing sector, but risks to the Britain's economy more generally remain, the Confederation of British Industry (CBI) said in a report.The CBI's reported sales index for the year to September remained at last month's level of 31%, instead of slipping to a reading of 25% as economists had been expecting.There was nervousness too ahead of Wednesday's Federal Open Market Committee meeting, which was also prompting an element of caution on the markets, with policymakers expected to announce the end of quantitative easing in the States.Travel stocks lead following recent Ebola-related declinesTravel stocks were among the best performers as investors continued to search for bargains after recent Ebola-related weakness in the sector.TUI Travel, Intercontinental Hotels, Carnival, IAG and Easyjet put in decent gains, with the latter two being helped by positive comments from Morgan Stanley analysts, who recommended investors buy the stocks with 'overweight' ratings and raised its target price on both.Smiths Group was a big faller after its finance director announced he will step down in six months' time in order to pursue opportunities outside the group. The FTSE 100 technology group will use his remaining time with the board to find his successor.Lloyds, HSBC, RBS and Barclays all traded firmly in the red following the stress test results.On the second tier, Renishaw rose after it revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of its financial year. The brief announcement from the metorology and healthcare manufacturer came less than two weeks after it delivered its interim management statement, which revealed a 28% increase in first quarter revenue to £101.4m.Market MoverstechMARK 2,688.02 -0.38%FTSE 100 6,363.46 -0.40%FTSE 250 15,040.39 -0.33%FTSE 100 - RisersTUI Travel (TT.) 374.70p +2.49%InterContinental Hotels Group (IHG) 2,268.00p +2.30%Reed Elsevier (REL) 995.00p +1.74%International Consolidated Airlines Group SA (CDI) (IAG) 389.80p +1.70%Admiral Group (ADM) 1,290.00p +1.10%Reckitt Benckiser Group (RB.) 5,035.00p +1.08%SABMiller (SAB) 3,392.50p +1.04%Sainsbury (J) (SBRY) 240.40p +0.92%AstraZeneca (AZN) 4,367.00p +0.91%Unilever (ULVR) 2,427.00p +0.87%FTSE 100 - FallersRoyal Mail (RMG) 443.80p -3.06%Smiths Group (SMIN) 1,121.00p -2.69%Fresnillo (FRES) 746.00p -2.67%Aberdeen Asset Management (ADN) 400.90p -2.58%Aggreko (AGK) 1,499.00p -2.41%Petrofac Ltd. (PFC) 1,045.00p -2.15%Antofagasta (ANTO) 678.50p -2.09%Barclays (BARC) 221.85p -1.99%Weir Group (WEIR) 2,206.00p -1.96%Rolls-Royce Holdings (RR.) 779.50p -1.95%FTSE 250 - RisersRenishaw (RSW) 1,666.00p +4.78%Infinis Energy (INFI) 221.00p +4.49%Just Eat (JE.) 292.10p +4.36%SSP Group (SSPG) 244.00p +2.95%Entertainment One Limited (ETO) 309.50p +2.82%Brit (BRIT) 239.20p +2.66%esure Group (ESUR) 241.90p +1.72%PZ Cussons (PZC) 367.40p +1.63%Fidelity European Values (FEV) 150.80p +1.55%Card Factory (CARD) 220.80p +1.52%FTSE 250 - FallersOphir Energy (OPHR) 190.00p -6.27%EnQuest (ENQ) 70.50p -5.11%Kazakhmys (KAZ) 218.60p -5.08%Hochschild Mining (HOC) 107.50p -4.87%Supergroup (SGP) 919.00p -3.57%Synthomer (SYNT) 212.80p -3.10%Kier Group (KIE) 1,484.00p -3.07%Vedanta Resources (VED) 806.00p -2.95%Afren (AFR) 92.00p -2.95%Petra Diamonds Ltd.(DI) (PDL) 170.10p -2.91%
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24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

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24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

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24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

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21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

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17 Nov 2023 15:18

Barclays exploring acquisition of Tesco Bank - report

(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

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12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

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3 Nov 2023 08:43

LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

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27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

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27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

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