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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 midday: Financials provide a drag, Chinese data disappoints

Mon, 12th Mar 2012 12:10

- Chinese deficit figures disappoint.- Eurogroup meet in Brussels to sign off on Greek bailout.- Former RBS directors sued.Some disappointing economic data from China took the shine off a better-than-expected US jobs report on Friday, as the Footsie opened the week on a dull note with stocks slightly lower by midday.Chinese economic indicators out over the weekend seem have dampened sentiment on the markets today which will undoubtedly lead to some increasing their bets on the introduction of new policy easing measures in the Asian giant. Deficit figures revealed a shortfall of $31.5bn in February, the largest in 22 years, with growth in imports coming in at 39.6% while exports only gained by 18.4% from a year earlier. This compares with a surplus of $27.3bn in January, meaning that the nation was in a net deficit in the first two months.Meanwhile in Europe, Eurozone finance ministers are to meet in Brussels later today to finally sign off on the €130bn bailout for Greece. Belgian newspaper De Morgen cited German Finance Minister Wolfgang Schaeuble as saying over the weekend: "nobody can now exclude that Greece at a single moment may need a third bailout." Nevertheless, he said that he has confidence that the measures being taken will "bring the country on the road to recovery."Eric Parnell from Gerring Wealth Management suggests that we should keep our guard up against the Greek situation getting even worse. "The market reaction may not be immediate. Instead, it may take a few weeks before the effects of a Greek default begin to bubble their way to the surface and impact stock prices.""Thus, keeping a close eye on events as they unfold in the aftermath will be prudent," Parnell warns. RBS FALLS AS EX-DIRECTORS HIT WITH LAWSUITBanking giant Royal Bank of Scotland was the worst performer of the day, weighed down by reports that former Chief Executive Fred Goodwin and ex-Chairman Tom McKillop have been sued by a group of investors in relation to the time prior to the bank's government bailout. Sector peers Barclays and Lloyds were also out of favour.Man Group was a heavy faller after HBSC downgraded the stock from overweight to neutral, citing "higher distribution costs and taxes". The target price was also cut, from 150p to 140p.Commodities producer and marketer Glencore International is rumoured to considering a £3.5bn bid for Canadian grain firm Viterra. The Sunday Telegrpah said that the firm is attempting to bolster its agricultural business in North America. Shares were unchanged.Leading the risers was cruise operator Carnival after being upgraded by Exane BNP Paribas from underperform to outperform. Engineering and project management firm AMEC was also doing well after Societe Generale raised its rating from hold to buy.Shares in GKN were off the mark on rumours that the group is considering a £800m takeover of Swedish aerospace group Volvo Aero. Investec said that the deal would be a "good fit" and would help GKN better balance itself away from Automotive and into a higher margin business.Meanwhile, house builders gave a muted reaction to the government's new mortgage scheme. NewBuy will see house builders pay 3.5% of the price of a house into an account held by the lending bank. The government will also guarantee 5.5% of the purchase price. Stewart Baseley, the Executive Chairman of the House Builders' Federation welcomed the news, saying that "the scheme will [...] provide a vital kick-start for house builders large and small who will be able to build the homes and create the jobs that the country desperately needs." Household goods and home construction stocks were down an average 0.12% by midday.FTSE 250: MISYS FALLS AFTER TEMENOS DROPS OUT The merger discussions between financial software developers Misys and Temenos Group have been terminated, but Misys remains in talks with its other suitors regarding a potential takeover. Swiss firm Temenos, long thought of as a natural partner of Misys, has been in discussion with its UK peer since the beginning of February, but the two parties have evidently been unable to agree on a price.Egypt-focused gold miner Centamin was a high riser on the FTSE 250 after having resumed work at its flagship Sukari Gold Mine following last week's labour unrest which brought operations to a standstill. Elsewhere, Game Group was a big mover, dropping nearly 80% early on after the future of the struggling computer video games retailer was thrown into doubt. The company confirmed that it has not been able to source new products from a number of suppliers while its talks with its bankers drag on. Shares were down over 50% by midday.BCFTSE 100 - RisersCarnival (CCL) 1,968.00p +2.55%Morrison (Wm) Supermarkets (MRW) 300.80p +2.04%Kingfisher (KGF) 285.60p +1.20%Prudential (PRU) 729.00p +1.18%Kazakhmys (KAZ) 968.50p +1.10%Hammerson (HMSO) 422.10p +1.08%Amec (AMEC) 1,160.00p +0.96%Vodafone Group (VOD) 170.15p +0.89%Tate & Lyle (TATE) 710.50p +0.85%Land Securities Group (LAND) 722.50p +0.84%FTSE 100 - FallersVedanta Resources (VED) 1,376.00p -3.17%Royal Bank of Scotland Group (RBS) 25.55p -2.48%Rolls-Royce Holdings (RR.) 816.00p -2.28%Barclays (BARC) 235.85p -2.01%Petrofac Ltd. (PFC) 1,681.00p -1.75%Man Group (EMG) 137.60p -1.57%Old Mutual (OML) 162.30p -1.40%Lloyds Banking Group (LLOY) 33.88p -1.35%International Power (IPR) 361.60p -1.20%G4S (GFS) 288.60p -1.20%FTSE 250 - RisersComputacenter (CCC) 390.00p +5.86%Exillon Energy (EXI) 206.90p +3.71%Centamin (DI) (CEY) 84.25p +3.44%CSR (CSR) 254.60p +3.41%Bumi (BUMI) 775.00p +3.40%Supergroup (SGP) 614.00p +3.37%Stobart Group Ltd. (STOB) 133.00p +3.18%Cobham (COB) 216.20p +2.71%Carillion (CLLN) 312.10p +2.29%Homeserve (HSV) 225.40p +2.27%FTSE 250 - FallersInmarsat (ISAT) 477.00p -2.49%Misys (MSY) 332.70p -2.43%Michael Page International (MPI) 478.30p -2.39%Booker Group (BOK) 76.00p -2.06%Ophir Energy (OPHR) 424.30p -2.05%Heritage Oil (HOIL) 164.60p -2.02%Dairy Crest Group (DCG) 340.10p -1.99%Brewin Dolphin Holdings (BRW) 160.40p -1.96%Hiscox Ltd. (HSX) 408.10p -1.85%Premier Farnell (PFL) 212.20p -1.85%
More News
4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and systematic trading strategies have grown so much that those trading on company fundamentals might be hurt.

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2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
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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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

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30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

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26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

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25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

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25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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