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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

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London midday: Stocks erase losses as banks and housebuilders gain

Thu, 24th Jul 2014 12:04

- Banking, housing stocks provide a boost- Kingfisher, Easyjet slump after results- Ukraine still in focus as Russian sanctions discussed- Eurozone PMI improves, UK retail sales falltechMARK 2,821.65 -0.06%FTSE 100 6,802.89 +0.07%FTSE 250 15,726.48 0.00%UK stocks managed to turn around after a weak start, with rising banking and housing stocks offsetting a negative reaction to the latest results from Kingfisher and Easyjet.Housebuilders in particular were performing well as data showing a surprise dip in UK retail sales sparked hopes that policymakers will hold back from hiking interest rates.The FTSE 100, which touched a low of 6,767.33 early on, was trading 0.1% higher at 6,803 by midday.Nevertheless, investors still remained cautious amid the possibility of tougher economic sanctions on Russia as the European Commission meets to discuss potential new measures in the aftermath of the shooting down of flight MH17.According to a proposal seen by the Financial Times, new sanctions could include the banning of all Europeans from purchasing new debt or stock issued by Russia's largest banks.Eurozone PMI, UK retail salesEconomic data was back in focus today after a quiet few days on the macro calendar.The eurozone composite purchasing managers' index (PMI), which measures activity in both the manufacturing and service sectors, rose to a three-month high of 54 in July, surprising analysts who had expected no change from 52.8 in June.UK retail sales unexpectedly fell 0.1% in June, compared with the 0.3% growth predicted and the previous month's 0.5% decline.Markit's Chris Williams said that the easing of sales trends in May and June supports the view that growth will moderate in the second half. He said: "Such an easing leaves the door open for interest rates to remain on hold at least until early next year."Overnight, the HSBC China manufacturing PMI for July improved from 50.7 to 52, showing that growth had picked up faster than analysts' expectations (forecast: 51).Banks and housebuilders gain; Kingfisher and Easyjet slumpBanking stocks were leading the risers in London this morning with HSBC, Barclays and RBS all making gains. However, StanChart inched lower after having to swat away rumours that Chief Executive Peter Sands or Chairman Sir John Peace might be replaced in light of recent disappointing results. Housebuilders were also making gains, including Persimmon, Barratt Developments and Bovis Homes.After a strong start to the year, DIY retailer Kingfisher's like-for-like sales reversed into the red in the second quarter with trading "slower than anticipated", leading the stock to sink by 7% this morning.Budget airline Easyjet was also a heavy faller, dropping 4% despite confirming its full-year profit will rise at least 14%, in line with City forecasts. That came after it posted an 8.6% rise in third-quarter revenue, driven by higher passenger numbers, an improved load factor and the timing of Easter. In contrast, sector peer IAG saw shares jump after saying that its Iberia airline has reached an agreement with trade unions on collective redundancies for pilots and ground staff as part of its transformation plan. "This could lead to a reduction of up to 1,427 jobs at the airline."Consumer goods company Unilever erased earlier losses even though it reported a lower-than-expected increase in second-quarter sales, blaming a deterioration in emerging markets and flat developed markets.Reed Elsevier was a bright spark after reporting that underlying trends remain strong, enabling the business publishing and information company to drive a 5% improvement in profits in the first half.On the FTSE 250, Lancashire Holdings, Howden Joinery, De La Rue and Halma were all higher after updates and results, while Electrocomponents and CSR disappointed with earnings.FTSE 100 - RisersReed Elsevier (REL) 974.50p +3.78%HSBC Holdings (HSBA) 620.20p +2.12%Persimmon (PSN) 1,319.00p +1.93%International Consolidated Airlines Group SA (CDI) (IAG) 340.60p +1.58%British Sky Broadcasting Group (BSY) 928.00p +1.53%Barratt Developments (BDEV) 373.80p +1.27%Mondi (MNDI) 1,047.00p +1.26%Johnson Matthey (JMAT) 3,057.00p +1.16%Barclays (BARC) 213.30p +1.11%Royal Bank of Scotland Group (RBS) 326.70p +0.96%FTSE 100 - FallersKingfisher (KGF) 311.00p -7.44%easyJet (EZJ) 1,339.00p -4.56%Admiral Group (ADM) 1,506.00p -2.21%Petrofac Ltd. (PFC) 1,171.00p -2.17%Fresnillo (FRES) 924.00p -1.75%Anglo American (AAL) 1,571.00p -1.63%Randgold Resources Ltd. (RRS) 5,045.00p -1.27%Sage Group (SGE) 372.50p -1.19%Morrison (Wm) Supermarkets (MRW) 171.10p -1.16%Meggitt (MGGT) 529.00p -1.03%FTSE 250 - RisersHowden Joinery Group (HWDN) 333.10p +6.90%Lancashire Holdings Limited (LRE) 640.50p +5.78%Inchcape (INCH) 662.50p +3.92%Rank Group (RNK) 161.30p +3.00%Domino Printing Sciences (DNO) 627.00p +2.96%Taylor Wimpey (TW.) 117.80p +2.26%Just Retirement Group (JRG) 142.50p +2.08%WH Smith (SMWH) 1,127.00p +1.81%Melrose Industries (MRO) 265.70p +1.72%Ted Baker (TED) 1,722.00p +1.71%FTSE 250 - FallersElectrocomponents (ECM) 242.50p -6.08%Ladbrokes (LAD) 133.60p -3.95%William Hill (WMH) 342.00p -3.42%Thomas Cook Group (TCG) 118.70p -2.94%Polymetal International (POLY) 535.00p -2.64%CSR (CSR) 569.00p -2.40%Drax Group (DRX) 694.50p -2.18%Perform Group (PER) 213.60p -2.02%Tullett Prebon (TLPR) 247.00p -1.98%Evraz (EVR) 97.75p -1.96%BC
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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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