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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 206.45
Bid: 206.40
Ask: 206.50
Change: 4.10 (2.03%)
Spread: 0.10 (0.048%)
Open: 204.25
High: 207.75
Low: 204.10
Prev. Close: 202.35
BARC Live PriceLast checked at -

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London midday: Banks lead risers ahead of US jobs data

Fri, 02nd Dec 2011 11:52

The Footsie was trading close to its highest levels of the day at midday as markets await a key jobs report from the US, which some are expecting to beat consensus forecasts.ALL EYES ON THE JOBS REPORTThe US Labor Department will release its monthly employment report at 13:30, in which analysts are expecting 125,000 jobs to have been added to payrolls last month. Forecasts have been raised recently after a string of positive economic data such as Wednesday's ADP employment report which showed a 206,000 rise in private payrolls for the month of November (Consensus: +130,000). In the Eurozone, comments from German Chancellor Angela Merkel and French President Nicolas Sarkozy about fiscal union have helped lift the mood. Merkel told the Bundestag this morning: "Anyone who, a few months ago, had said that at the end of the year 2011 we would have taken very serious and concrete steps towards a European stability union, a European fiscal union, for introducing such drastic intervention, would have been considered crazy. Now, this is exactly what's on the agenda. We're almost there" [translation by the Guardian]. Yesterday, Sarkozy insisted on the need for governmental convergence amidst the Eurozone members. "There can't be a single currency without (these) economies heading towards more convergence."Boosting sentiment in London was the Markit/CIPS purchasing managers' index for the construction sector which came in better than expected. The index fell to 52.3 in November, from 53.9 the previuos month, but slightly better than expectations of 52.2. "While growth was slower than October, construction companies are reporting a rise in new contract wins, which suggests an increased willingness to invest in new projects, a reason for optimism," said David Noble, chief executive officer of the Chartered Institute of Purchasing & Supply.BANKS, RESOURCE STOCKS IN DEMAND AS RISK APPETITE INCREASESBanking peers Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered were making strong gains, in line with the broader European banking sector, as fears over the Eurozone crisis eased. RBS announce today that it is to sell its tenanted pub business of 918 pubs to the Scottish and Newcastle Pub Company (S&NPC) for £418m. Commodities prices were on the way up, boosting the share prices of resource stocks such as BHP Billiton, Vedanta Resources, Essar Energy, Kazakhmys, Xstrata and Antofagasta.Car insurer Admiral was the worst performer of the day, not helped by Investec which said that the stocks is "going like a freight train...downhill". The broker cut its target price from 843p to 570p and maintained its sell rating.Pharmaceuticals giant Shire was out of favour along with a host of defensive stocks. However, the stock could have been weighed down by a Financial Times article, which pointed out what several analysts have been arguing, that there are ongoing risks: Shire's attention deficit hyperactivity treatment could become a target for the anti-medication lobby in the US; there's also a chance of a price war over its drug for Gaucher's disease.Other defensives, including utilities giants SSE, Severn Trent and National Grid, also fell.BCFTSE 100 - RisersBarclays (BARC) 187.60p +5.90%ICAP (IAP) 364.40p +5.84%BHP Billiton (BLT) 2,009.00p +4.47%Essar Energy (ESSR) 239.20p +4.45%Lloyds Banking Group (LLOY) 25.06p +4.42%Glencore International (GLEN) 409.45p +4.38%Vedanta Resources (VED) 1,099.00p +4.27%Fresnillo (FRES) 1,812.00p +4.08%Royal Bank of Scotland Group (RBS) 21.37p +3.99%Kazakhmys (KAZ) 953.00p +3.81%FTSE 100 - FallersAdmiral Group (ADM) 881.00p -3.40%SSE (SSE) 1,298.00p -1.52%Morrison (Wm) Supermarkets (MRW) 318.70p -1.30%Rolls-Royce Group (RR.) 725.00p -1.16%Land Securities Group (LAND) 678.50p -1.09%Severn Trent (SVT) 1,537.00p -1.03%Reckitt Benckiser Group (RB.) 3,183.00p -0.87%Unilever (ULVR) 2,098.00p -0.80%National Grid (NG.) 623.50p -0.64%Centrica (CNA) 300.60p -0.36%FTSE 250 - RisersCarpetright (CPR) 434.90p +11.48%Aquarius Platinum Ltd. (AQP) 186.60p +8.68%Pace (PIC) 55.95p +8.54%Home Retail Group (HOME) 97.75p +8.13%Supergroup (SGP) 524.00p +6.50%SDL (SDL) 621.00p +5.97%Redrow (RDW) 117.90p +5.27%Anglo Pacific Group (APF) 275.90p +5.23%Berkeley Group Holdings (BKG) 1,330.00p +4.97%Bellway (BWY) 788.50p +4.51%FTSE 250 - FallersSThree (STHR) 223.90p -8.24%Thomas Cook Group (TCG) 15.77p -5.51%Michael Page International (MPI) 367.90p -3.16%Domino's Pizza UK & IRL (DOM) 440.50p -2.35%Carillion (CLLN) 290.50p -2.32%Spirent Communications (SPT) 120.60p -2.27%Exillon Energy (EXI) 269.00p -2.22%Elementis (ELM) 149.70p -1.84%Synergy Health (SYR) 850.00p -1.73%Diploma (DPLM) 340.00p -1.56%
More News
7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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7 Dec 2023 15:35

IN BRIEF: Barclays Chair Nigel Higgins buys 200,000 shares

Barclays PLC - London-based consumer, business and investment bank - Chair Nigel Higgins buys 200,000 shares at GBP1.3867 each, worth GBP277,340, in London on Thursday.

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5 Dec 2023 15:26

London close: Stocks mixed as investors mull fresh data

(Sharecast News) - London's financial markets finished with a mixed performance on Tuesday as investors considered key economic data and developments from both sides of the Atlantic.

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5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

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5 Dec 2023 07:48

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight.

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30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

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28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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28 Nov 2023 08:52

PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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27 Nov 2023 17:16

UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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