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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: 216.75
Bid: 216.10
Ask: 216.15
Change: 1.85 (0.86%)
Spread: 0.05 (0.023%)
Open: 214.55
High: 216.75
Low: 214.55
Prev. Close: 214.90
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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16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

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15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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