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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: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
BARC Live PriceLast checked at -

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London midday: Footsie laid low by Unicredit, rumours of French downgrade?

Wed, 21st Dec 2011 11:39

The banks were providing a lift at midday, but the Footsie was registering only slight gains with only a few days before Christmas. Hopes of a 'Santa rally' seem to have been dampened towards midday by the suspension from trading of shares of Unicredit 'limit-down'. They have since resumed trading and appear to have stabilised a bit, allowing the London equity benchmark to bounce back into the blue, even if only just. The are also said to be rumours of a French downgrade making the rounds. Worth noting, the top share index is still trading under levels seen earlier this month. Investors do not seem to be too fazed by credit ratings agency Moody's saying Britain's cherished triple-AAA credit rating could be under threat if the Eurozone crisis worsens. Moody's Investors Service said last night: "Any additional weakening in the macro-economic outlook or a need to support the banking system could temporarily set back the government's fiscal consolidation efforts. As a result, the outlook on the rating is likely to be sensitive to future developments in the euro area's debt crisis, even though the UK is not a member of the monetary union." The Bank of England's Monetary Policy Committee (MPC) voted 9-0 to keep interest rates at record lows at its December meeting. The minutes of the meeting also show some members mulled over a further expansion of the Bank's £275bn asset purchase programme, but only "in due course". They voiced concerns about rising unemployment and increased worries about the supply of credit due to continuing strains in bank funding markets. With company announcements few and far between today, the big news was European banks asking to borrow €489bn from the European Central Bank's new three-year loan facility. This is significantly ahead of reported market forecasts of €293bn. A total of 523 banks made loan applications. They will receive the money tomorrow. European markets interpretation of the auction has been clearly positive as the operation will increase the liquidity made available to the banks, which may then use the funds to purchase sovereign debt with an attractive carry-trade. UK BANKS RISE, RETAILERS SLUMPLloyds, Royal Bank of Scotland and Barclays were performing well by lunchtime, rising at least 3% each. Old Mutual, the savings and investment group, rose 2.2% after saying it had agreed terms to sell the Finnish branch of Skandia Life Assurance Company to insurer OP-Pohjola osk. The transaction is part of Old Mutual's plan to streamline its business, with net proceeds after tax going to reduce the group's debt. Global banking giant HSBC was in demand after saying it is to offload its private banking business in Japan to Credit Suisse for an undisclosed sum. HSBC said that this deal is in line with its global restructuring strategy outlined back in May that will see 30,000 jobs go. The "Strategy Execution Plan" targeted cost savings of $2.5-3.5bn in order to reach the cost efficiency ratio target of 48-52% by 2013. Retailers Tesco, Marks & Spencer and Sainsbury were among the worst performers on the Footsie after the GfK NOP UK consumer confidence index fell to its lowest level since February 2009. The index decreased to -33 points in December from -31 the month before. The market consensus had been expecting a small up-tick to -31. Hardy Underwriting jumped after Beazley said it is interested in acquiring its Lloyd's of London underwriting rival. While Beazley has reassured that this does not represent a firm intention to make an offer, it did confirm its interest in "entering into exploratory discussions" with Hardy. SMALL CAP MOVERSA big mover was chocolatier Thorntons which warned its full year profits will miss expectations as consumers continue to cut back and it battles high levels of promotional activity on the high street. Brokers Investec and Merchant Securities hinted that this news may put the level of its dividend at risk.Hutchison China Meditech rocketed with its MediPharma business entered into a global licensing, co-development, and commercialisation agreement with sector giant AstraZeneca fir a cancer treatment drug. Astra edged higher.Heading the other way was upmarket travel operator Travelzest which said it has pulled out of bid discussions with Red Label Vacations, as the Canadian company's valuation of Travelzest did not meet the UK company's expectations. BCFTSE 100 - RisersLloyds Banking Group (LLOY) 24.52p +3.79%Royal Bank of Scotland Group (RBS) 20.31p +3.25%Barclays (BARC) 176.20p +2.80%Antofagasta (ANTO) 1,216.00p +2.79%GKN (GKN) 180.20p +2.62%Aviva (AV.) 299.50p +2.57%Schroders (Non-Voting) (SDRC) 1,042.00p +2.26%Wolseley (WOS) 2,054.00p +2.24%Old Mutual (OML) 132.30p +2.24%RSA Insurance Group (RSA) 103.90p +2.06%FTSE 100 - FallersEssar Energy (ESSR) 173.00p -2.81%Cairn Energy (CNE) 256.60p -2.28%Sage Group (SGE) 285.20p -2.26%ITV (ITV) 62.75p -2.18%ARM Holdings (ARM) 565.00p -1.91%Tesco (TSCO) 380.95p -1.80%Sainsbury (J) (SBRY) 288.20p -1.60%Marks & Spencer Group (MKS) 304.90p -1.49%BP (BP.) 438.20p -1.31%Reckitt Benckiser Group (RB.) 3,137.00p -1.23%FTSE 250 - RisersSpirent Communications (SPT) 110.70p +4.63%Anglo Pacific Group (APF) 261.00p +4.40%Kenmare Resources (KMR) 40.67p +4.23%Gem Diamonds Ltd. (DI) (GEMD) 190.10p +4.22%Computacenter (CCC) 336.60p +3.66%Ferrexpo (FXPO) 264.10p +3.33%ITE Group (ITE) 202.90p +3.15%JD Sports Fashion (JD.) 624.00p +2.97%Big Yellow Group (BYG) 249.20p +2.85%Talvivaara Mining Company (TALV) 213.50p +2.64%FTSE 250 - FallersAfrican Barrick Gold (ABG) 440.80p -4.09%Halfords Group (HFD) 292.40p -2.86%Hochschild Mining (HOC) 394.60p -2.74%Homeserve (HSV) 283.20p -2.34%Interserve (IRV) 311.80p -2.01%Telecity Group (TCY) 620.00p -1.98%New World Resources A Shares (NWR) 429.50p -1.83%Restaurant Group (RTN) 287.20p -1.74%Greene King (GNK) 468.00p -1.68%Laird (LRD) 144.00p -1.64%
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22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
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Target Healthcare REIT PLCdividend payment date
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Monday 26 February 
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Tuesday 27 February 
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Wednesday 28 February 
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PetroTal Corpex-dividend payment date
Thursday 29 February 
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Downing Renewables & Infrastructure Trust PLCex-dividend payment date
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Gabelli Merger Plus+ Trust PLCex-dividend payment date
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LondonMetric Property PLCex-dividend payment date
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Tharisa PLCex-dividend payment date
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21 Feb 2024 11:17

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

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

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21 Feb 2024 09:36

Berenberg raises target price on Barclays

(Sharecast News) - Analysts at Berenberg raised their target price on banking giant Barclays from 240.0p to 270.0p on Wednesday, stating the stock's current level of returns remains "chronically undervalued".

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21 Feb 2024 08:59

IN BRIEF: Barclays begins GBP1.00 billion share buyback programme

Barclays PLC - London-based banking group - Commences share buyback programme for up to GBP1.00 billion. The buyback will run until November 20, and is intended to reduce the share capital of the company, Barclays says. The maximum number of ordinary shares that may be repurchased under the programme is 1.09 billion.

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20 Feb 2024 16:52

LONDON MARKET CLOSE: Pound boosted after BoE's Bailey talks rate cuts

(Alliance News) - Stock prices in London closed lower on Tuesday, whilst the pound bounced back, after the Bank of England's Andrew Bailey talked interest rate cuts.

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20 Feb 2024 15:29

London close: Stocks finish lower on fresh China concerns

(Sharecast News) - London's stock markets closed in negative territory on Tuesday, with concerns over China's economic prospects exerting pressure on mining shares.

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20 Feb 2024 11:57

LONDON MARKET MIDDAY: Banking stocks drag FTSE 100 into green

(Alliance News) - Stock prices in London were mixed at midday Tuesday, after a busy morning of corporate updates and earnings.

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20 Feb 2024 11:20

London midday: Stocks mixed after China makes bigger rate cut

(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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