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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: 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: Footsie breaches 6,400 on stimulus hopes

Wed, 20th Feb 2013 11:41

The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases.London's benchmark index hit an intraday high of 6,410 after the news before settling around the 6,400 mark, a level not seen since January 2008.Minutes from the February meeting of the BoE's Monetary Policy Committee's (MPC) showed that the central bank was a fair bit more dovish than had been thought. The MPC's decision to hold the size of its quantitative easing (QE) programme unchanged at £375bn on February 6-7th was decided upon by a margin of six votes in favour to three against, surprising analysts who had expected to MPC to vote eight-to-one. Even BoE Governor Sir Mervyn King added his name to the list of those calling for more stimulus.The pound slid after the minutes were released and was trading down 0.75% against the dollar at $1.5310 by midday.Analyst Simon Hayes said that it remains "very unclear" if this month's vote marks the start of an "inexorable slide towards more QE". "The MPC appears torn between feeling it should do more to boost demand and worrying that QE may not be the right tool, at least on its own," he said."There appeared to be more appetite on the committee to expand QE if it were done in conjunction with other policy measures to address particular market frictions or market failures that were holding back growth. The minutes record no concrete suggestions or conclusions, however."FTSE 100: RSA plummets after surprise divi cutFull-year results from RSA Insurance were largely in line with estimates, with extreme wet weather in the UK and earthquakes in Italy contributing to a 5.9% fall in operating profit. However, shares tanked after the firm unveiled a 33% cut in its annual dividend due to the likelihood for a prolonged period of low bond yields. Banking group Barclays was also under the weather after Goldman Sachs downgraded its rating for the stock to 'neutral' and cut its target price from 350p to 340p.BHP Billiton was also lower after announcing a new CEO as its half-year profits dropped 58% on the back of weak commodity prices and a strong Australian dollar.Rexam, the consumer packaging group, was a high riser despite saying that pre-tax profits fell 11.9% in 2012. The company raised its dividend by 6.0%.Industrial engineering group Weir gained after spending £55m on three acquisition to strengthen its presence in the fast-growing mining markets.Natural gas giant BG Group was higher on reports that it has Goldman Sachs to help analyse options for selling part of the infrastructure linked to its Australian liquefied natural gas project. Telecoms firm Vodafone fell after spending £790m on buying spectrum licences for ultra-fast 4G mobile networks. However, BT, which spent £186m on a different band, was in demand.FTSE 250: Travis Perkins slumps on cautious commentsBuilding materials group Travis Perkins fell after saying that "volatile conditions will persist in the shot term". Nevertheless, the company was able to increase pre-tax profits by 16.2% in 2012, while revenue rose 1.4%.Wealth management group Rathbone Brothers was also lower despite saying that funds under management rose 13.4% in 2012.House-builder Galliford Try gained after lifting its dividend by a third in spite of a 9.0% fall in group revenue and flat profits in 2012.FTSE 100 - RisersRexam (REX) 500.00p +4.89%Royal Bank of Scotland Group (RBS) 353.00p +2.29%Melrose Industries (MRO) 247.90p +2.14%ARM Holdings (ARM) 960.00p +1.96%Unilever (ULVR) 2,661.00p +1.92%Sage Group (SGE) 343.20p +1.78%Tate & Lyle (TATE) 812.50p +1.63%British American Tobacco (BATS) 3,444.50p +1.61%Schroders (SDR) 2,004.00p +1.47%BG Group (BG.) 1,163.00p +1.39%FTSE 100 - FallersRSA Insurance Group (RSA) 117.20p -14.01%Aviva (AV.) 355.90p -3.60%BHP Billiton (BLT) 2,176.50p -2.66%Fresnillo (FRES) 1,521.00p -1.68%Rio Tinto (RIO) 3,655.00p -1.58%Barclays (BARC) 320.00p -1.54%Antofagasta (ANTO) 1,083.00p -1.10%International Consolidated Airlines Group SA (CDI) (IAG) 227.90p -0.91%Vedanta Resources (VED) 1,274.00p -0.86%Xstrata (XTA) 1,167.50p -0.85%FTSE 250 - RisersBarratt Developments (BDEV) 241.10p +3.12%Savills (SVS) 522.00p +2.76%Bovis Homes Group (BVS) 684.00p +2.55%BBA Aviation (BBA) 239.50p +2.53%Alent (ALNT) 350.00p +2.46%Cobham (COB) 231.40p +2.43%Balfour Beatty (BBY) 280.40p +2.41%Taylor Wimpey (TW.) 79.30p +2.32%St. Modwen Properties (SMP) 279.00p +2.31%Inchcape (INCH) 516.00p +2.28%FTSE 250 - FallersBumi (BUMI) 378.50p -4.42%Catlin Group Ltd. (CGL) 504.50p -4.00%Petropavlovsk (POG) 309.00p -3.35%Hochschild Mining (HOC) 412.80p -3.30%Sports Direct International (SPD) 423.70p -3.04%Travis Perkins (TPK) 1,271.00p -2.83%Renishaw (RSW) 1,802.00p -2.59%Rathbone Brothers (RAT) 1,408.00p -2.22%IP Group (IPO) 126.00p -1.95%Ferrexpo (FXPO) 282.40p -1.64%BC
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20 Feb 2024 11:20

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(Sharecast News) - London's stocks were in a mixed state at midday on Tuesday, as concerns around China's economic outlook continued to weigh on mining stocks.

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20 Feb 2024 08:52

LONDON MARKET OPEN: Stocks slide; banks rise as Barclays outperforms

(Alliance News) - Stock prices in London opened in the red on Tuesday, as European markets failed to find upward momentum amid muted trading in Asia, and Monday's public holiday in the US.

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20 Feb 2024 08:19

TOP NEWS: Barclays eyes GBP2 billion cost cuts and promises returns

(Alliance News) - Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.

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20 Feb 2024 07:47

LONDON BRIEFING: Barclays announces GBP1b buyback as 2023 profit falls

(Alliance News) - Stocks in London are called lower on Tuesday, following a US holiday, and a mixed performance in Asian markets.

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20 Feb 2024 07:01

Barclays unveils massive overhaul as profits fall 6%

(Sharecast News) - Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.

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19 Feb 2024 16:10

Tuesday preview: China rate decision, Barclays in focus

(Sharecast News) - Investors' focus on Tuesday will be on the People's Bank of China's interest rate decision overnight.

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18 Feb 2024 23:26

Sunday newspaper round-up: Currys, Barclays, Homebuilders

(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph

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16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

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16 Feb 2024 08:41

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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