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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: 203.65
Bid: 203.95
Ask: 204.05
Change: -0.70 (-0.34%)
Spread: 0.10 (0.049%)
Open: 204.00
High: 207.45
Low: 202.75
Prev. Close: 204.35
BARC Live PriceLast checked at -

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London midday: Stocks edge higher, markets await Greek debt-swap

Wed, 07th Mar 2012 11:25

- Admiral jumps 11% as outlook improves.- BATS, CRH, Serco down after going ex-dividend.- Markets await the Greek debt-swap deadline.Following a shaky start, London's FTSE 100 index looked to have found its direction by midday, trading three tenths of a percent point higher following the sell-off seen over the last three days. Markets are nervous ahead of tomorrow's deadline for the crucial Greek debt-swap.Europe is awaiting a final decision this week on the Greek debt restructuring. Private investors have a March 8th deadline to decide if they will accept a debt exchange in which they will be required to take a 53.5% haircut in an agreement that would save Athens about €106bn (£88bn). The Greek government is optimistic that the rate of participation in the bond-swap could reach between 75% and 80%, according to sources cited by the Wall Street Journal. However, this falls short of the 90% participation rate needed to avoid the trigger of collective action clauses (CACs). "In our view, the activation of the CACs is highly likely and following on from that a credit event, triggering CDS payouts," said Citi analyst Mark Schofield.In other news, last night's "Super Tuesday" vote in the US saw Republican presidential candidate Mitt Romney win the primary contests in the key state of Ohio, while also winning in Massachusetts, Idaho, Vermont and Virginia. The man who appears to be his main rival, Rick Santorum, hoovered up in Tennessee, Oklahoma and North Dakota. US futures were pointing to a positive start on Wall Street, as stock recover from yesterday's sell-off. Investors will be awaiting an Automatic Data Processing (ADP) payrolls report before the open.ECONOMIC DATAShop price inflation in the UK eased to a 1.2% year-on-year rate of change in February, versus 1.4% the month before, according to the latest BRC-Nielsen survey data.Permanent job placements in the UK rose to a nine-month high in February, according to the latest data released by consultants KPMG-REC. ADMIRAL RACES AHEAD Car insurance giant Admiral surged after deciding to pay a special dividend as it seeks to curb the number of high value bodily injury claims which have dented recent figures. Admiral has revealed that pre-tax profits up 13% on 2011 at £299m with net revenue up 36% at £870.3m. Both those figures beat the consensus forecasts. Nomura did its bit to boost buying after saying that the results give comfort on prospective forecasts, saying that the bodily injury claims trends are appearing to stabilise.British American Tobacco was the heaviest faller after trading without the right to its latest dividend. Other big movers that went ex-dividend this morning include FTSE 100 peers CRH, Serco and Standard Chartered and FTSE 250 stocks TUI Travel, Spirent Communications, Kesa Electricals, Domino Printing Sciences and Renishaw. Banking titan HSBC's sale of peripheral parts of its operations has continued with the sale of its general insurance businesses in Hong Kong, Singapore, Argentina and Mexico. Shares rose moderately, joined by peers Royal Bank of Scotland, Barclays and Lloyds.Power systems giant Rolls-Royce edged higher after announcing that it will soon begin flight tests of an engine upgrade for the US Air Force's T56 turboprop engine. Miners were providing a lift after their recent poor performance with Kazakhmys, ENRC, Rio Tinto and BHP Billiton rising strongly. FTSE 250: COBHAM SURGES AFTER HIKING DIVI Shares in defence technology group Cobham jumped after raising its full-year dividend by a third on the back of strong profits and cash generation in 2011. While revenue fell 3%, the group gave an optimistic outlook for defence spending in the US. Development, environmental and energy resources consultancy RPS Group rose after seeing full-year pre-tax profits come in marginally ahead of expectations. Afren was making gains after well test results at its Okoro East oil discovery, offshore Nigeria, confirmed high quality oil in excellent reservoir sands. Future horizontal production wells at the project will be capable of yielding 4,500-7,000 barrels of oil per day each, the group predicts. BCFTSE 100 - RisersAdmiral Group (ADM) 1,150.00p +10.58%Essar Energy (ESSR) 111.10p +9.35%ICAP (IAP) 391.60p +2.89%ITV (ITV) 85.50p +2.76%Petrofac Ltd. (PFC) 1,584.00p +2.52%Kazakhmys (KAZ) 946.50p +2.44%Tullow Oil (TLW) 1,446.00p +2.34%Burberry Group (BRBY) 1,425.00p +2.30%Schroders (Non-Voting) (SDRC) 1,224.00p +2.17%Weir Group (WEIR) 1,964.00p +2.13%FTSE 100 - FallersBritish American Tobacco (BATS) 3,095.50p -3.01%Fresnillo (FRES) 1,794.00p -1.97%CRH (CRH) 1,262.00p -1.79%Cairn Energy (CNE) 317.10p -1.21%Royal Dutch Shell 'A' (RDSA) 2,238.50p -0.56%BP (BP.) 487.55p -0.52%Xstrata (XTA) 1,120.00p -0.49%Serco Group (SRP) 516.50p -0.48%Standard Chartered (STAN) 1,560.00p -0.32%Glencore International (GLEN) 400.05p -0.31%FTSE 250 - RisersCobham (COB) 201.40p +8.11%Homeserve (HSV) 227.70p +6.05%Afren (AFR) 131.80p +4.94%Inmarsat (ISAT) 452.70p +4.50%Centamin (DI) (CEY) 82.55p +4.23%Bodycote (BOY) 400.50p +3.94%Michael Page International (MPI) 460.00p +3.84%Imagination Technologies Group (IMG) 599.50p +3.45%Drax Group (DRX) 511.00p +3.21%Allied Gold Mining (ALD) 119.20p +3.20%FTSE 250 - FallersTUI Travel (TT.) 187.70p -2.85%Renishaw (RSW) 1,362.00p -2.64%Wood Group (John) (WG.) 692.00p -1.91%Kesa Electricals (KESA) 69.85p -1.76%African Barrick Gold (ABG) 424.50p -1.74%COLT Group SA (COLT) 99.80p -1.67%Perpetual Income & Growth Inv Trust (PLI) 262.50p -1.50%Savills (SVS) 360.10p -1.45%Dixons Retail (DXNS) 14.81p -1.20%Spirent Communications (SPT) 149.60p -1.19%
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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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27 Oct 2023 17:08

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

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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.

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27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

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25 Oct 2023 09:38

LONDON BROKER RATINGS: Barclays cuts Mondi; Jefferies ups AB Dynamics

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

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25 Oct 2023 09:10

LONDON MARKET OPEN: Essentra falls as profit hit; banks edge lower

(Alliance News) - Stock prices in London opened lower on Wednesday, as investors digest the latest company earnings.

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25 Oct 2023 08:39

TOP NEWS: Lloyds Banking profit up and sticks with margin outlook

(Alliance News) - Lloyds Banking Group PLC on Wednesday maintained its annual net interest margin guidance and reported consensus-topping third-quarter profit, though top-line growth fell just shy of loftier expectations.

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24 Oct 2023 17:08

LONDON MARKET CLOSE: FTSE 100 shakes off midday losses after US data

(Alliance News) - The FTSE 100 closed in the green on Tuesday following positive private sector data out of the US, despite figures closer to home showing a weaker UK private sector and rising unemployment.

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