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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
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Prev. Close: 202.35
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London midday: Risk appetite increases as banks, miners advance

Wed, 11th Apr 2012 12:08

- Footsie back above 5,600 after sell-off- Banks, miners among best performers on Footsie- Michael Page unwanted on FTSE 250After a tentative start, the Footsie was firmly higher by lunchtime on Wednesday, rebounding after yesterday's mass sell-off on the back of worries over the US jobs market and renewed tensions concerning Eurozone peripheral bond yields.However despite this morning's rise, those worries have not abated today the borrowing rate rising at an Italian short-term debt auction. Meanwhile, Spanish bonds may come under further pressure after it was revealed that Spanish industrial production dropped by an annual rate of 5.1% in February, a faster decline than the month before. Yields on Spanish and Italian 10-year debt soared on Tuesday to near-6% each. Just before midday today, the Spanish 10-year bond yield had eased by 7.3 basis points (bp) to 5.905%, while the Italian yield had fallen 14.6bp to 5.539%.Analysts at Barclays Capital said this morning that while European markets had some catching-up to do from the weak payroll data on Friday - US Employment Report was priced in yesterday due to market holiday on Monday - they said that Eurozone debt concerns continue to remain the centre of attention. "Spain and Italy are still in the midst of finalising fiscal and structural reforms, and as such the volatility in European government bonds periphery is not likely to disappear," they said.In domestic news, UK retail sales values increased by 1.3% on a like-for-like basis in March, according to the British Retail Consortium (BRC). "The unusually warm weather in March brought some welcome sunshine into the lives of non-food retailers. The early signs of summer got people buying clothes and shoes for the new season," said the BRC's Director-General, Stephen Robertson. FTSE 100: Risk-on as banks and miners provide a boostAs the risk-off session yesterday pressured shares of banking and mining stocks lower, investors looked to build positions on Wednesday with the two sectors performing strongly by midday. Barclays was a high riser, helped by an upgrade by Investec from hold to buy. The broker recommended investors to tap into a "clear opportunity" following the near-20% sell-off seen since the start of March. Sector peer Lloyds was also making solid gains.Meanwhile, the miners were being helped by US aluminium giant Alcoa which beat expectations in its first-quarter earnings report last night. Kazakhmys, Antofagasta, ENRC and Rio Tinto were in demand. Telecoms titan BT Group was lower after a downgrade from JP Morgan Cazenove. FTSE 250: Michael Page dropsLeading the upside on the second-tier index were the resource stocks with Ferrexpo, Hochschild Mining and Petropavlovsk among the best performers. However, recruitment firm Michael Page International was providing a drag after admitting that "markets continue to be weak and visibility remains limited." Nevertheless, gross profit in the first quarter of 2012 grew by 6.9%, up 7.7% on a constant currency basis. Dunelm was eking out small gains despite seeing like-for-like sales growth ease slightly in its third quarter. Total sales in the three months to March 31st grew by 10.7%. The upbeat retail sales data may also be providing a lift, with sector peer SuperGroup rising strongly.FTSE 100 - RisersBarclays (BARC) 215.35p +4.39%Weir Group (WEIR) 1,721.00p +3.24%Lloyds Banking Group (LLOY) 30.75p +3.19%G4S (GFS) 281.40p +3.04%Eurasian Natural Resources Corp. (ENRC) 574.00p +2.96%Antofagasta (ANTO) 1,102.00p +2.80%Kazakhmys (KAZ) 874.00p +2.46%Aviva (AV.) 312.60p +2.42%Smiths Group (SMIN) 1,028.00p +2.19%Rio Tinto (RIO) 3,378.50p +2.19%FTSE 100 - FallersBT Group (BT.A) 214.00p -2.10%Shire Plc (SHP) 1,951.00p -1.71%Reed Elsevier (REL) 531.00p -1.30%British Sky Broadcasting Group (BSY) 645.50p -1.30%Tate & Lyle (TATE) 689.50p -1.29%Whitbread (WTB) 1,793.00p -1.21%GlaxoSmithKline (GSK) 1,396.50p -0.99%Smith & Nephew (SN.) 608.00p -0.82%Diageo (DGE) 1,491.00p -0.80%Sage Group (SGE) 288.80p -0.72%FTSE 250 - RisersFerrexpo (FXPO) 285.80p +4.73%Supergroup (SGP) 603.00p +4.33%Fenner (FENR) 421.50p +3.82%Renishaw (RSW) 1,316.00p +3.79%Petropavlovsk (POG) 503.50p +3.56%Heritage Oil (HOIL) 137.70p +3.46%Hochschild Mining (HOC) 470.50p +3.29%Bodycote (BOY) 377.00p +3.26%Kier Group (KIE) 1,129.00p +3.11%Morgan Crucible Co (MGCR) 310.80p +3.08%FTSE 250 - FallersMichael Page International (MPI) 433.30p -4.54%Logica (LOG) 83.15p -3.15%COLT Group SA (COLT) 97.25p -3.14%Northgate (NTG) 191.20p -2.75%Dixons Retail (DXNS) 17.19p -2.22%Cable & Wireless Communications (CWC) 30.83p -2.06%Filtrona PLC (FLTR) 462.60p -1.99%Imagination Technologies Group (IMG) 657.50p -1.87%UBM (UBM) 578.00p -1.78%CSR (CSR) 211.10p -1.72%BC
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Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

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UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

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30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

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London close: Stocks finish mixed as US GDP growth slows

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25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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