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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%
More News
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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16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

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15 Feb 2024 11:59

REPEAT: Barclays bids to buy SocGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 10:37

PRESS: Barclays bids to buy SogGen's UK private bank - Reuters

(Alliance News) - Barclays PLC is considering bidding to buy the UK private bank of France's Societe Generale SA, Reuters reported on Thursday.

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15 Feb 2024 07:24

Barclays eyes SocGen's UK private bank - report

(Sharecast News) - Barclays is considering bidding for Societe Generale's UK private bank, it was reported on Thursday.

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13 Feb 2024 14:34

UK earnings, trading statements calendar - next 7 days

Wednesday 14 February 
Coca-Cola HBC AGFull Year Results
Dunelm PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Severn Trent PLCTrading Statement
United Utilities Group PLCTrading Statement
Thursday 15 February 
Benchmark Holdings PLCQ1 Results
Centrica PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Relx PLCFull Year Results
South32 LtdHalf Year Results
Friday 16 February 
NatWest Group PLCFull Year Results
Segro PLCFull Year Results
TBC Bank Group PLCFull Year Results
Monday 19 February 
Bank of Cyprus Holdings PLCFull Year Results
MoneySupermarket.com PLCFull Year Results
Transense Technologies PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 20 February 
Barclays PLCFull Year Results
BHP Group LtdHalf Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Gran Tierra Energy IncFull Year Results
InterContinental Hotels Group PLCFull Year Results
Petra Diamonds LtdHalf Year Results
Springfield Properties PLCHalf Year Results
  
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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9 Feb 2024 17:02

LONDON MARKET CLOSE: FTSE 100 falls at end of tepid week

(Alliance News) - Stock prices in London closed lower on Friday, with the FTSE 100's losing streak extending to three days, as sentiment in Europe remains tetchy despite a largely stellar start to the day in New York.

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9 Feb 2024 15:15

London close: Stocks turn sour in afternoon trading

(Sharecast News) - London's markets turned lower on Friday afternoon, concluding a volatile week on a negative note.

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9 Feb 2024 12:46

Barclays pledges to stop directly financing new oil and gas projects

(Alliance News) - Barclays PLC has promised to stop directly financing energy clients' new oil and gas projects as part of updates to its climate change strategy.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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