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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
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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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30 Nov 2023 09:57

Lloyds to shut 45 branches

(Sharecast News) - Lloyds Banking Group is to shut another 45 branches, it was confirmed on Thursday, as lenders continue to downsize their estates.

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28 Nov 2023 15:40

Barclays axes 900 staff in "disgraceful" pre-Christmas move - UK union

(Alliance News) - Banking firm Barclays PLC is cutting 900 jobs in its UK business as it looks to slash costs in a "disgraceful" pre-Christmas move, trade union Unite has said.

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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28 Nov 2023 08:52

PRESS: Barclays eyes dropping quarter of investment bank clients - FT

(Alliance News) - Barclays PLC is exploring the possibility of dropping thousands of its investment bank clients - a quarter of its total - amid a strategic overhaul to bolster its bottom line and cut GBP1 billion of costs, the Financial Times reported on Tuesday.

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28 Nov 2023 07:56

Barclays considers dropping thousands of investment banking clients - report

(Sharecast News) - Barclays is reportedly exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut £1bn of costs.

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28 Nov 2023 07:42

LONDON BRIEFING: Rolls-Royce plans disposals, sets out 2027 targets

(Alliance News) - Stocks in London are called lower on Tuesday, with a stronger pound likely to weigh on the FTSE 100.

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27 Nov 2023 17:16

UPDATE: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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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:

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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.

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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.

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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.

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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."

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