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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: 216.15
Bid: 216.10
Ask: 216.15
Change: 1.15 (0.53%)
Spread: 0.05 (0.023%)
Open: 212.55
High: 216.65
Low: 210.75
Prev. Close: 215.00
BARC Live PriceLast checked at -

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London open: Banks lead markets lower ahead of FOMC meeting

Tue, 17th Sep 2013 08:14

Following a strong start to the week, investors turned cautious ahead of the conclusion of the Federal Open Market Committee (FOMC) meeting tomorrow afternoon as markets ready themselves for one of the most closely-watched US policy decisions in recent years, given rising expectations that the Fed will begin to scale back its quantitative easing (QE) programme.The FTSE 100 was registering small losses early on, retreating from Monday's close of 6,622.86 - this was the best close for London's benchmark index since August 2nd, when it finished the day at 6,647.87."The two-day event is certain to install some trepidation in investors with the majority of economists surveyed of the belief that Fed policymakers will cut monthly bond buying by $10bn to $75bn per month," said Financial Sales Trader Max Cohen from Spreadex.Markets across the globe gained on Monday after the announcement by well-known hawk Larry Summers that he has dropped out of the race to take over Ben Bernanke's position as Fed Chairman when he steps down in January. Cohen said that Summers would have tightened policy more than Fed Vice Chair Janet Yellen, who is now widely regarded as the firm favourite to succeed Bernanke.He said: "many analysts point out that (interest) rate-hike expectations are of fundamental importance because of their impact on short-term US bond yields and thereby the dollar's yield attraction. A faster pace of rate increases would make the dollar more attractive given that many other central banks, such as the European Central Bank and the Bank of Japan, are perceived to be nowhere near tightening."FTSE 100: Lloyds falls as government begins stake saleBanking group Lloyds was in the red this morning after the UK Financial Investments sold a 6% stake in the bank for £3.2bn, reducing its shareholding from about 38.7% to approximately 32.7%. The Treasury sold 4.3bn shares at a price of 75p each. Part-nationalised peer RBS was also lower early on.Barclays was also lower after it was reported yesterday that it is facing a £50m fine for allegedly breaching market listing rules over its capital raisings. The bank also said that its adjusted income for July and August was lower than in the same period of the previous year, resulting in a 5% year-on-year decline in adjusted income for the eight-month period to August 31st.Mining stocks were also out of favour as risk appetite was scaled back ahead of the Fed decision - Vedanta Resources, Glencore Xstrata, Rio Tinto and Anglo American were among the FTSE 100's worst performers . Glencore Xstrata was being weighed down by UBS which lowered its rating from 'buy' to 'neutral', saying that a "challenging" price outlook will cap share-price performance.Randgold however bucked the trend as gold prices rebounded after hitting a five-week low the day before.FTSE 250: Debenhams rises after pre-close statementDebenhams was a high riser after saying it expects annual pre-tax profit in line with market forecasts on the back of growth in market share and like-for-like sales. In a trading update ahead of results for the year to end of August, the retailer reported a 2% rise in group like-for-like sales supported by online revenue and market share gains in clothing and non-clothing such as womenswear and beauty.Crest Nicholson, the housebuilder which debuted on the stock market back in February, edged higher after reservations in the third quarter were given a boost by the government's stimulus measures as it gave a confident outlook for the future. Domino Printing fell after it warned that market conditions have continued to remain "difficult" in many regions, and in some areas it has seen signs of possible deterioration. FTSE 100 - RisersSmiths Group (SMIN) 1,390.00p +1.24%United Utilities Group (UU.) 694.50p +1.02%Rolls-Royce Holdings (RR.) 1,117.00p +0.99%Bunzl (BNZL) 1,378.00p +0.95%Severn Trent (SVT) 1,774.00p +0.91%Schroders (SDR) 2,524.00p +0.88%Randgold Resources Ltd. (RRS) 4,525.00p +0.87%National Grid (NG.) 752.00p +0.80%Burberry Group (BRBY) 1,614.00p +0.75%Diageo (DGE) 2,027.50p +0.75%FTSE 100 - FallersVedanta Resources (VED) 1,151.00p -2.71%Royal Bank of Scotland Group (RBS) 357.00p -2.59%Glencore Xstrata (GLEN) 334.45p -2.18%Lloyds Banking Group (LLOY) 75.71p -2.13%Aggreko (AGK) 1,621.00p -1.70%Anglo American (AAL) 1,559.50p -1.48%Serco Group (SRP) 566.00p -1.48%Barclays (BARC) 301.25p -1.36%Standard Chartered (STAN) 1,490.00p -1.32%BG Group (BG.) 1,192.00p -1.20%FTSE 250 - RisersDebenhams (DEB) 106.00p +2.71%Bumi (BUMI) 214.20p +2.24%Salamander Energy (SMDR) 127.00p +1.76%Stagecoach Group (SGC) 335.90p +1.70%Go-Ahead Group (GOG) 1,592.00p +1.66%Crest Nicholson Holdings (CRST) 342.50p +1.51%Rightmove (RMV) 2,416.00p +1.26%Menzies(John) (MNZS) 807.00p +1.25%Jardine Lloyd Thompson Group (JLT) 929.00p +1.20%Dairy Crest Group (DCG) 492.80p +1.00%FTSE 250 - FallersEvraz (EVR) 134.10p -4.15%Investec (INVP) 427.90p -3.17%Imagination Technologies Group (IMG) 334.00p -2.91%Vesuvius (VSVS) 472.70p -2.90%Lonmin (LMI) 323.00p -2.51%Alent (ALNT) 375.30p -2.01%Domino Printing Sciences (DNO) 660.00p -2.00%Ferrexpo (FXPO) 182.30p -1.88%Kazakhmys (KAZ) 284.80p -1.79%Polymetal International (POLY) 649.50p -1.52%BC
More News
5 Dec 2023 09:05

LONDON MARKET OPEN: FTSE 100 struggles after Moody's warning on China

(Alliance News) - London's FTSE 100 got off to a slow start on Tuesday, with miners falling amid fears for the Chinese economy, while Barclays shares fell after Bloomberg reported Qatar is trimming its stake in the lender.

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5 Dec 2023 08:01

Qatar almost halves stake in Barclays

(Sharecast News) - Banking giant Barclays was in the red early on Tuesday after its largest shareholder made moves to offload roughly £510.0m in shares.

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5 Dec 2023 07:48

LONDON BRIEFING: Ashtead in record half-year; tinyBuild cuts outlook

(Alliance News) - London's FTSE 100 is called to open lower on Tuesday, continuing a lacklustre start to the week, after tepid trade in New York overnight.

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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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