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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: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

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London midday: Banking stocks gain, yet Footsie falls

Wed, 10th Oct 2012 11:32

- IMF warns about Eurozone crisis - Unions call for strikes in Greece- Banks gain on speculation of eased capital rulesUK stocks suffered more losses on Wednesday in spite of some relative strength in the banking sector, as the International Monetary Fund (IMF) warned about the risks emanating from the Eurozone debt crisis."The mood still remains downbeat at the moment after the IMF reiterated concerns that the eurozone are not doing enough to combat the crisis. These comments are most likely directed towards the long running saga with Spain, with recent comments by their Finance Minister doing little to raise hopes of a speedy solution," said analyst Craig Erlam from Alpari.The IMF said that risks to global financial stability have increased and financial markets have been volatile as European policymakers grapple with the ongoing crisis. The Fund notes that failing to deal with the current issues could end up forcing Eurozone banks into an asset shrinkage of anywhere from $2.8tn to $4.5tn by the end of next year. Stocks slipped yesterday after the IMF cut its global growth forecasts for this year and the next. On Monday, the World Bank lowered its growth estimates for East Asia, warning of a deceleration in the Chinese economy. Meanwhile, US aluminium giant Alcoa kicked off third-quarter earnings season last night after the closing bell on Wall Street. While the firm beat earnings and sales forecasts, the company cut its full-year aluminium demand growth forecast from 7% to 6%, saying that a slowdown in China "slightly impacts the second-half outlook". On a more positive note, following his meetings yesterday with the German Chancellor Angela Merkel, the Greek Prime Minister Antonis Samaras has said that he is confident that the next tranche of Greece's bailout will arrive on time. This follows comments that the country would not be able to survive beyond November without the next part of aid.Public- and private-sector labour unions in Greece called for a 24-hour general strike for October 18th as a result of the harsh austerity measures tied with the bailout, according to reports.FTSE 100: Banks in demand; crunch time for BAEBanking peers Lloyds, RBS and Barclays were among the strongest performers today after the Financial Times reported that the FSA has eased capital and liquidity rules in an attempt to boost lending. Meanwhile, according to reports hits morning, RBS has agreed to sell two buildings in Frankfurt and Berlin to Axa Investment Management for $1bn.Defence group BAE Systems was continuing to register losses as last-ditch talks to salvage its £28bn-merger with EADS took place. The two firms have until 17:00 to announce the terms of the merger or ask for more time to finalise their plans, under rules set down by the UK's City Takeover Panel. Smith & Nephew, Kingfisher and Wolseley were among the fallers after going ex-dividend. From today, investors will not be able to get hold of their latest dividend payments. Smith & Nephew was also being weighed down by Societe Generale which initiated its coverage on the stock with a 'sell' rating this morning.Randgold was lower after Nomura reiterated its 'reduce' rating on the shares. While the broker said that gold equities have the potential for further outperformance, it said that Randgold is "fully priced (for now)".Outsourcing group Capita fell after both RBC Capital Markets and Panmure Gordon downgraded their ratings for the stock. Panmure said that Capita's premium rating "is at odds with concerns over the quality of future earnings, above average financial leverage and on-going reliance on M&A." Aggreko is off following a profit warning from US outfit Cummins, which is also weighing on the likes of GKN and IMI. FTSE 250: N Brown, SuperGroup moved by broker commentaryImagination Technologies is now leading falls on the FTSE 350, with some market chatter attributing the losses to a negative note out on the company from analysts at Credit Suisse. In the same they have pointed out that; "Momentum looks negative: Of Imagination's four key customers, Samsung this year moved to ARM graphics, Texas Instruments is exiting the wireless business, and Mediatek could, in our view, try ARM graphics in its smartphone chips as it already uses its graphics in feature phones and TV."N Brown, the internet and catalogue home shopping firm, was out of favour after Panmure Gordon downgraded its recommendation to 'hold' ahead of the group's interim results next week. "We move to a 'hold' rating from 'buy', following sector outperformance and consequent multiple expansion towards our target multiple on the back of the July trading statement," the broker said. Fashion retailer SuperGroup jumped after Seymour Pierce said that the shares are in for a re-rating. "The new management has 'steadied the ship'. With confidence returning, we believe the stock is oversold at 12.9 times FY13 earnings, considering the operational gearing in the earnings and possible step up in the growth rate," the broker said.FTSE 100 - RisersLloyds Banking Group (LLOY) 38.27p +3.40%Royal Bank of Scotland Group (RBS) 261.90p +1.79%Anglo American (AAL) 1,838.50p +1.38%Barclays (BARC) 223.55p +0.90%Admiral Group (ADM) 1,084.00p +0.84%Eurasian Natural Resources Corp. (ENRC) 328.50p +0.80%Next (NXT) 3,595.00p +0.67%Kazakhmys (KAZ) 733.50p +0.62%Tate & Lyle (TATE) 687.00p +0.59%G4S (GFS) 265.10p +0.49%FTSE 100 - FallersFresnillo (FRES) 1,920.00p -2.69%Croda International (CRDA) 2,214.00p -2.60%Smith & Nephew (SN.) 655.00p -2.60%Polymetal International (POLY) 1,128.00p -2.42%Aggreko (AGK) 2,196.00p -1.96%IMI (IMI) 925.00p -1.96%Meggitt (MGGT) 402.80p -1.78%Wolseley (WOS) 2,641.00p -1.71%ARM Holdings (ARM) 585.50p -1.68%Antofagasta (ANTO) 1,296.00p -1.44%FTSE 250 - RisersBumi (BUMI) 180.50p +8.67%Stobart Group Ltd. (STOB) 117.00p +3.45%Supergroup (SGP) 679.50p +2.95%Lancashire Holdings (LRE) 853.00p +2.83%Man Group (EMG) 92.00p +2.28%New World Resources A Shares (NWR) 273.50p +2.17%Dixons Retail (DXNS) 21.82p +2.01%Home Retail Group (HOME) 99.25p +2.00%Ultra Electronics Holdings (ULE) 1,620.00p +1.95%SDL (SDL) 655.00p +1.95%FTSE 250 - FallersImagination Technologies Group (IMG) 479.50p -4.58%Brown (N.) Group (BWNG) 269.30p -3.41%RPS Group (RPS) 244.40p -2.63%Hays (HAS) 77.55p -2.45%Hunting (HTG) 804.00p -2.43%Inchcape (INCH) 354.50p -2.34%Micro Focus International (MCRO) 569.50p -2.32%Petra Diamonds Ltd.(DI) (PDL) 103.80p -2.26%Spirax-Sarco Engineering (SPX) 2,064.00p -2.09%Yule Catto & Co (YULC) 165.20p -1.96%BC
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LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

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15 Feb 2024 11:59

REPEAT: Barclays bids to buy SocGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 10:37

PRESS: Barclays bids to buy SogGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 07:24

Barclays eyes SocGen's UK private bank - report

(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.

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13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf 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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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

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9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

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9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

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9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

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9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

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9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

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4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

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