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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: 192.24
Bid: 192.24
Ask: 192.28
Change: 3.06 (1.62%)
Spread: 0.04 (0.021%)
Open: 191.24
High: 193.58
Low: 190.48
Prev. Close: 189.18
BARC Live PriceLast checked at -

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London midday: Financials pull markets lower after Hester exit from RBS

Thu, 13th Jun 2013 11:38

Uncertainty regarding central-bank stimulus, reductions in global growth forecasts and the surprise departure of the head of one of the UK's biggest domestic banks prompted a sell-off on the FTSE 100 on Thursday, as volatility continued on markets across the globe.London's benchmark index slumped to an intraday low of 6,206 in morning trade (before bouncing back slightly), a level not seen since late January as the sharp decline in recent weeks pared the year-to-date rise to less than 6.0%.Continuing concerns regarding the Federal Reserve's 'exit strategy' from stimulus and an underwhelming policy statement from the Bank of Japan (BoJ) have weighed heavily on markets this week. This, combined with a strengthening yen, saw Japan's Nikkei index plummet by 6.35% on Thursday, with the Japanese currency rising to a two-month high against the dollar.Research Analyst Joshua Mahony from Alpari said that the BoJ's aggressive easing programme unveiled in April to end deflation has left Prime Minister Shinzo Abe with a "highly expectant audience and very little left he can do to appease the markets"."The increased volatility in the markets over the recent period highlights the fragility of recent stock market highs, based largely upon easing measures and very little strong economic basis," Mahony said.Markets were also hit yesterday by renewed fears about political tension in Greece following reports of an emergency cabinet meeting in Greece and rumours of a potential vote of confidence for Prime Minister Antonis Samaras.Dampening sentiment further was the World Bank which yesterday cut its forecast for global economic growth to 2.2% in 2013, down from its initial 2.4% estimate in January. Meanwhile, the bank said it now expects China to grow by just 7.7% this year, down from its previous 8.4% prediction.FTSE 100: RBS drops after Hester's surprise exitAs expected, RBS tanked early on after announcing late last night that Stephen Hester will step down as CEO after five years. The boss, praised widely for his work for turning the bank around following its government bailout in 2008, said he was stepping aside as the lender prepares for a re-privatisation. RBS also announced plans to cut up to 2,000 investment-banking jobs as part of its ongoing restructuring. Sector peers Barclays, Lloyds, HSBC and Standard Chartered were also in the red.Other financials were also out of favour this morning, including Aberdeen Asset Management, Old Mutual, Legal & General, Reoslution, Hargreaves Lansdown and Standard Life. FTSE 250: Home Retail drops sharplyHomebase and Argos owner Home Retail slumped early on as both chains suffered a decline in margins in the first quarter. Nevertheless, CEO Terry Duddy said that overall the group's trading has been consistent with the board's expectations.Retail WH Smith fell after saying that sales in the third quarter were down 5.0%, while like-for-like sales fell by 6.0%.WS Atkins, the engineering and product management consultancy, said that a strong performance in the UK was offset by continued challenging markets elsewhere as it posted flat revenues for the year ended March 31st. However the bottom line did come in ahead of market expectations, helping shares to rise this morning.FTSE 100 - RisersEvraz (EVR) 121.50p +6.86%Eurasian Natural Resources Corp. (ENRC) 239.00p +2.44%Fresnillo (FRES) 1,092.00p +2.15%Rio Tinto (RIO) 2,728.00p +1.41%Polymetal International (POLY) 636.00p +1.27%BHP Billiton (BLT) 1,784.00p +1.25%Antofagasta (ANTO) 889.50p +1.14%Aggreko (AGK) 1,670.00p +1.09%Anglo American (AAL) 1,388.00p +0.98%Petrofac Ltd. (PFC) 1,270.00p +0.71%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 306.80p -5.77%Aberdeen Asset Management (ADN) 388.20p -3.55%Experian (EXPN) 1,133.00p -3.00%Old Mutual (OML) 178.80p -2.93%Rolls-Royce Holdings (RR.) 1,157.00p -2.77%Legal & General Group (LGEN) 166.80p -2.57%Resolution Ltd. (RSL) 272.70p -2.43%Weir Group (WEIR) 2,131.00p -2.29%Standard Life (SL.) 355.70p -2.17%Hargreaves Lansdown (HL.) 890.00p -2.14%FTSE 250 - RisersAtkins (WS) (ATK) 917.50p +4.26%Kazakhmys (KAZ) 295.80p +1.96%African Barrick Gold (ABG) 130.80p +1.87%Pennon Group (PNN) 672.50p +1.82%Petropavlovsk (POG) 136.30p +1.79%PZ Cussons (PZC) 370.20p +1.31%Fidessa Group (FDSA) 1,908.00p +1.01%Wetherspoon (J.D.) (JDW) 622.00p +0.81%Halma (HLMA) 506.50p +0.80%Savills (SVS) 614.50p +0.74%FTSE 250 - FallersHome Retail Group (HOME) 129.60p -10.06%Unite Group (UTG) 327.60p -5.73%888 Holdings (888) 139.20p -5.37%Bodycote (BOY) 503.00p -4.46%St. Modwen Properties (SMP) 266.90p -4.20%JPMorgan Indian Inv Trust (JII) 338.60p -3.86%Computacenter (CCC) 450.80p -3.65%Perform Group (PER) 549.50p -3.60%New World Resources A Shares (NWR) 96.10p -3.37%Informa (INF) 468.30p -3.32%
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23 Apr 2024 13:26

Gazprom subsidiary ordered to stop Russian lawsuit against UniCredit

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23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

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22 Apr 2024 09:04

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19 Apr 2024 09:26

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19 Apr 2024 08:49

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

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12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

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Barclays reduces Fed rate cut view to one in 2024

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9 Apr 2024 16:27

Sabadell feels no pressure from British M&A activity to sell TSB

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PRESS: Barclays mounts challenge to UK car finance ruling - Sky

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OSB promotes Victoria Hyde to chief financial officer

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LONDON MARKET CLOSE: US initial jobless claims hotter than expected

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