Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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: 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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Stocks retreat, Unilever drops after downgrade

Wed, 11th Jan 2012 11:49

After trading within a narrow 20-point range for most of the morning, it seems if the Footsie has found its direction, dropping around 40 points by midday, with Eurozone concerns once again in the spotlight.Euro-area gross domestic product growth slowed to 0.1% quarter-on-quarter in the third quarter of 2011, from 0.2% in the second quarter. This is the slowest pace of growth since the second quarter of 2009. "Looking ahead, we expect that the significant deterioration in business surveys will take its toll on real activity data, and particularly on the industrial sector," said analyst Francois Cabau from Barclays Capital.Meanwhile, Germany has sold €3.15bn of five-year bonds today at a yield of 0.9%, according to reports. The bid-to-cover ratio was 2.8.In domestic news, overall UK shop price inflation slowed to 1.7% in December, from 2.0% in November, according to the latest data from the British Retail Consortium (BRC). Meanwhile, the UK trade deficit with non-EU countries increased to £5.3bn during the month of November, according to the latest data out this morning from HM Revenue&Customs.UNILEVER DROPS AFTER DOWNGRADEIn company movements, consumer goods firm Unilever was among the worst performers after Morgan Stanley downgraded its rating from overweight to equalweight, citing a limited scope for earnings upgrades this year.Meanwhile, banking stocks continue to climb with RBS leading the way. The lender's Irish unit is preparing its second round of job cuts in four years as part of an effort to save about €50m ($63.9m), according to two people with knowledge of the plan, Bloomberg News reports. Lloyds and Barclays were also in demand.Oil peers Shell, Petrofac and BG were out of favour, tracking crude prices lower. BG was also in the news on reports that it has received six to seven preliminary bids for its 65% stake in India's Gujarat Gas in a deal worth $900mRETAILERS IN FOCUSSupermarket chain Sainsbury's upbeat Christmas trading update was met with praise from the markets early on but the stock fell into the red by lunchtime. Total sales for the 14 weeks to January 7th were up 7.0% from a year earlier, or up 4.5% with fuel sales excluded. Panmure Gordon kept its hold rating on the stock today, saying that the shares "look reasonable value at these levels, given the company's cyclical stability and decent yield." It seems the markets were underwhelmed by the cheery festive trading statements with bakery chain Greggs also falling into the red despite seeing a like-for-like (LFL) sales growth of 5.1% in the five weeks to January 7th. Total sales grew by 10.8% for the period.SuperGroup, the owner of the fast-growing Superdry clothing brand, saw total sales increase 22% (to £79m) between the end of October and the beginning of January, compared to the same period of 2010. However, wholesale problems have continued to weigh on the stock with broker Collins Stewart saying that "confidence in forecasts remains low".SMALL CAP MOVERSHaiKe, the AIM-listed, China-based chemical company dropped 10% this morning on news that its profitability for 2011 will be "behind market expectations".Pest control firm TyraTech tumbled over 20% after it revealed that it has to secure additional funding as a result of unexpected order problems with its US partner.Plaza Centers shot ahead after it announced that it is to sell 47 of its US based shopping centres in a deal valued at $1.428bn.Caspian Holdings, the oil and metals explorer, headed north on news of quick progress at its tungsten mining site in the Extremadura region of southwest Spain.BCFTSE 100 - RisersSchroders (SDR) 1,316.00p +3.54%Royal Bank of Scotland Group (RBS) 21.75p +2.93%Schroders (Non-Voting) (SDRC) 1,066.00p +2.80%Carnival (CCL) 2,251.00p +2.64%Lloyds Banking Group (LLOY) 28.01p +2.56%Legal & General Group (LGEN) 109.60p +2.43%Capita (CPI) 664.50p +2.39%Fresnillo (FRES) 1,768.00p +2.08%Cairn Energy (CNE) 275.40p +1.85%Aviva (AV.) 312.30p +1.73%FTSE 100 - FallersSSE (SSE) 1,257.00p -3.38%Royal Dutch Shell 'A' (RDSA) 2,331.50p -2.94%Petrofac Ltd. (PFC) 1,525.00p -2.87%Unilever (ULVR) 2,090.00p -2.84%Royal Dutch Shell 'B' (RDSB) 2,419.50p -2.79%BG Group (BG.) 1,439.50p -2.60%Aggreko (AGK) 2,068.00p -2.59%Amec (AMEC) 970.50p -2.17%Sainsbury (J) (SBRY) 299.90p -1.96%InterContinental Hotels Group (IHG) 1,206.00p -1.95%FTSE 250 - RisersMichael Page International (MPI) 363.60p +5.33%Kentz Corporation Ltd. (KENZ) 467.20p +4.82%Ferrexpo (FXPO) 305.90p +4.65%Moneysupermarket.com Group (MONY) 106.40p +4.01%Allied Gold Mining (ALD) 166.00p +3.75%Perform Group (PER) 219.90p +3.73%Fenner (FENR) 423.90p +3.29%Henderson Group (HGG) 104.00p +3.07%SIG (SHI) 91.30p +2.99%Ocado Group (OCDO) 55.90p +2.66%FTSE 250 - FallersBrown (N.) Group (BWNG) 230.50p -4.75%Carpetright (CPR) 521.00p -3.07%DS Smith (SMDS) 199.90p -2.30%Wood Group (John) (WG.) 673.50p -2.25%Berendsen (BRSN) 435.50p -2.00%Supergroup (SGP) 540.00p -2.00%Derwent London (DLN) 1,529.00p -1.99%Sports Direct International (SPD) 229.50p -1.76%Grainger (GRI) 102.20p -1.73%Dunelm Group (DNLM) 452.20p -1.72%
More News
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
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

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.