The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 202.35
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: 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
More News
27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

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

Read more
26 Nov 2023 09:49

PRESS: Lloyds Banking mulls jobs cuts to trim costs - Reuters

(Alliance News) - Lloyds Banking Group PLC is putting 2,500 jobs at risk as part of cost-cutting plans, Reuters reported on Friday.

Read more
24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

Read more
24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

Read more
24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

Read more
24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

Read more
24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

Read more
23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

Read more
21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

Read more
17 Nov 2023 15:18

Barclays exploring acquisition of Tesco Bank - report

(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

Read more
12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

Read more
3 Nov 2023 08:43

LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

(Alliance News) - Stock prices in London opened on the up on Friday, looking set to round off a positive week on the up, though a red-hot US jobs report could keep a lid on gains.

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

Read more
27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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.