The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 216.00
Bid: 215.95
Ask: 216.00
Change: -1.20 (-0.55%)
Spread: 0.05 (0.023%)
Open: 217.55
High: 218.25
Low: 215.90
Prev. Close: 217.20
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Lloyds makes gains as stocks shrug off PMI data

Tue, 01st May 2012 11:35

- UK, China PMIs disappoint- Lloyds provides a lift, Man Group and BP drop after updates- European, Asian markets closed; US openWith most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufacturing data from the UK and China limited gains. Across the pond, benchmarks are still open today, with stock futures pointing to a broadly flat start on Wall Street ahead of the US's own manufacturing report.UK manufacturing growth faltered in April as exports were hit by weaker demand from across the globe. Markit's Purchasing Managers' Index (PMI) registered 50.5 in April compared to 51.9 in March. Any number over 50 on the index denotes growth with today's figures showing output rising at slowest rate of the year so far. Consensus forecasts were for an expansion of 51.6. However, it was the fifth month in a row that the manufacturing sector reported expansion. "Although still in positive territory, manufacturers reported a slowdown in activity, characteristic of continued problems and poorer consumer confidence across the Eurozone," said David Noble, Chief Executive at the Chartered Institute of Purchasing & Supply. Meanwhile, activity in China's manufacturing sector ticked up in the month of April, according to the latest data out from the country's statistics bureau and logistics federation. The national manufacturing sector PMI rose to 53.3 points from the previous month's level of 53.1. However, while that does mark the highest reading in a year it has come in below the 53.6 point mark expected by the consensus. FTSE 100: Lloyds on the rise, but Man & BP provide a drag Lloyds was the best performer of the day after saying that pre-tax profits in the first quarter came in at £288m compared to a massive loss of £3.47bn in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being received following the PPI mis-selling scandal. ??"If [CEO] Antonio still needs cheering up after the 6% share price rebound of the past eight days then the underlying trends visible in today's numbers could be just the tonic," said analysts at Investec. Sector peer Barclays was making moderate gains, while RBS fell into the red.??Cigarette producer Imperial Tobacco rose after beating market expectations both in terms of operating profits and earnings per share in its first half as the its biggest brand, Gauloises Blondes, produced significant growth. Man Group, the hedge fund manager which has seen its share price plummet over the last two months, continued to fall despite reporting a slight increase in funds under management (FuM) in the first quarter. "After a strong start to the year, markets came back under pressure in March and drove greater dispersion in investment performance across our industry," said Chief Executive Peter Clarke. Peel Hunt downgraded the stock today from buy to hold.??Integrated oil major BP also fell after underlying replacement cost profit was down in the first quarter, with the downstream business primarily responsible for the fall-off. ??Morgan Stanley seems responsible for some movements in the utilities sector today, giving United Utilities a lift after an upgrade (from equal weight to overweight) while pressuring Severn Trent lower with a downgrade (from overweight to equal weight).?FTSE 250: Chemring and Cape perform stronglyPyrotechnics and military counter-measures specialist Chemring started Tuesday with a bang after announcing two new orders, one big and one small. Its Chemring Countermeasures subsidiary has been awarded a five-year agreement with the UK Ministry of Defence, worth an initial £21m, while in the US, its Non-Intrusive Inspection Technology (NITEK) division has been awarded a contract for the ground penetrating radar, Husky mounted detection system. The contract ceiling is $579m with an initial order of $161m. ??Shares in energy and mineral extraction industries services provider Cape advanced after the firm announced that underlying revenues increased by one-tenth in the first quarter. ??Oil and gas engineering firm Lamprell also rose after saying it had secured a $227m contract from an unnamed drilling contractor to build one of its popular jackup rigs. FTSE 100 - RisersLloyds Banking Group (LLOY) 32.40p +4.48%Imperial Tobacco Group (IMT) 2,536.00p +2.92%Capital Shopping Centres Group (CSCG) 331.30p +1.94%Bunzl (BNZL) 1,040.00p +1.66%Aviva (AV.) 313.00p +1.59%Rolls-Royce Holdings (RR.) 836.50p +1.58%United Utilities Group (UU.) 627.50p +1.46%Wolseley (WOS) 2,377.00p +1.45%Diageo (DGE) 1,573.50p +1.45%Royal Bank of Scotland Group (RBS) 24.60p +1.36%FTSE 100 - FallersMan Group (EMG) 97.75p -5.56%BP (BP.) 433.05p -2.69%Kingfisher (KGF) 283.90p -2.27%Randgold Resources Ltd. (RRS) 5,315.00p -2.03%IMI (IMI) 977.00p -1.26%Severn Trent (SVT) 1,671.00p -1.12%Next (NXT) 2,899.00p -1.02%BG Group (BG.) 1,436.50p -0.97%Marks & Spencer Group (MKS) 354.50p -0.70%Tullow Oil (TLW) 1,524.00p -0.65%FTSE 250 - RisersChemring Group (CHG) 386.50p +18.38%Cape (CIU) 414.90p +9.94%Brown (N.) Group (BWNG) 245.30p +7.02%Lamprell (LAM) 360.60p +3.62%Betfair Group (BET) 808.50p +2.34%Carillion (CLLN) 298.40p +2.30%Bumi (BUMI) 529.50p +2.12%Restaurant Group (RTN) 286.30p +1.92%Ashtead Group (AHT) 253.20p +1.89%National Express Group (NEX) 220.80p +1.89%FTSE 250 - FallersHome Retail Group (HOME) 101.10p -5.16%Supergroup (SGP) 333.30p -4.17%CSR (CSR) 222.40p -3.60%Kesa Electricals (KESA) 52.70p -3.30%Petropavlovsk (POG) 466.50p -2.16%Go-Ahead Group (GOG) 1,116.00p -2.11%Avocet Mining (AVM) 169.00p -2.09%Galliford Try (GFRD) 640.50p -1.91%Howden Joinery Group (HWDN) 119.70p -1.89%Ocado Group (OCDO) 127.40p -1.85%BC
More News
9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

Read more
4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

Read more
26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

Read more
26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more
19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

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

Read more
18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

Read more
18 Jan 2024 09:26

Sainsbury's to gradually withdraw from banking

LONDON, Jan 18 (Reuters) - British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations.

Read more
17 Jan 2024 18:39

Bank CEOs, huddled in private in Davos, worry about competition, economy - sources

DAVOS, Jan 17 (Reuters) - Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said.

Read more
16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.