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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: 216.75
Bid: 216.10
Ask: 216.15
Change: 1.85 (0.86%)
Spread: 0.05 (0.023%)
Open: 214.55
High: 216.75
Low: 214.55
Prev. Close: 214.90
BARC Live PriceLast checked at -

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London open: RBS provides a boost early on

Thu, 23rd Feb 2012 08:25

- RBS leads banks higher after results.- Capita rises strongly after bullish outlook.- EU expected to cut Eurozone GDP forecasts.The Footsie opened slightly higher on Thursday as the markets digested a host of results, with heavyweights such as Royal Bank of Scotland (RBS), Capita, Centrica, RSA Insurance and British American Tobacco (BATS) reporting their full-year results this morning.In economic news, European Union Economic and Monetary Affairs Commissioner Olli Rehn is expected to reveal later this morning the revised forecasts for growth this year. Given the weakening economic conditions throughout the region, estimates are widely expected to be cut. While waiting for the official data, Il Sole 24 Ore has already leaked some of the figures. The Eurozone is expected to grow by 0.3% in 2012, down from the previous estimate of 0.5%.RBS RISES STRONGLY AFTER RESULTSThe biggest news of the day centred around RBS which rose strongly early on despite widening losses in 2011. Provisions for mis-selling of payment protection insurance schemes and Greek debt ensured part-nationalised lender made a pre-tax loss of £766m in 2011, compared with a loss of £399m in 2010, though the core business was profitable at the operating level."RBS Core profits - the ongoing bank - were £6bn, comparing well with others and representing a return on equity of 10.5%. The reduction in our balance sheet since 2008 now exceeds £700bn with all other 'safety' measures improving strongly," said Group Chief Executive Stephen Hester. Sector peers Barclays and Lloyds were also in demand, with the latter's results due out tomorrow.Business outsourcing group Capita was a high riser after saying that it expects revenue growth to accelerate in 2012 after a "reasonable" level of growth last year. Turnover grew by 7% from £2,744m to £2,930m in the year ended December 31st, slightly ahead of Panmure Gordon's forecast of £2,900m.Gas and electricity provider Centrica was out of favour despite saying that it had put in a resilient performance in challenging conditions in 2011. Revenue edged up to £22.8bn from £22.4bn in 2010, ahead of market expectations of £21.9bn.Insurance giant RSA received premiums worth £8.1bn during 2011, an 8% rise on 2010 at constant exchange rates. Profit before tax came in at £613m, a gain of 29% on the previous year, however, it was below forecasts made by analysts at Credit Suisse who had expected profit before tax of £719.2m.BATS fell despite seeing revenues rise 3% to £15,399m in 2011. The company said that volumes fell 0.4% during the year, and expressed concerns about various proposals around the world to introduce so called "plain packaging", which BATS argues will play into the hands of criminal gangs which smuggle cigarettes.Meanwhile, consumer packaging firm Rexam has continued its strong performance after reporting yesterday that underlying profit before tax jumped 15% in 2011. Shares surged 7% on Wednesday.FTSE 250: REDROW UP AS PROFITS JUMPHouse builder Redrow saw a strong rise in profits in the first half and seems cautiously optimistic about the housing market during the rest of the year. Pre-tax profit jumped 80% from £8.5m to £15.3m, ahead of expectations of £14m (Panmure Gordon).Oil and gas producer Salamander Energy rose after reporting the successful appraisal of Block L27/43 at the Dong Mun discovery, onshore Northeast Thailand.Among the fallers was construction, services and property group Kier which this morning unveiled a 4.6% fall in total revenue for the six months ended December 31st.BCFTSE 100 - RisersCapita (CPI) 713.50p +3.63%Royal Bank of Scotland Group (RBS) 28.27p +3.44%Vedanta Resources (VED) 1,409.00p +2.10%Lloyds Banking Group (LLOY) 36.02p +1.71%Randgold Resources Ltd. (RRS) 7,355.00p +1.52%Serco Group (SRP) 547.00p +1.48%Old Mutual (OML) 159.10p +1.47%Cairn Energy (CNE) 351.50p +1.21%Barclays (BARC) 242.00p +1.17%Aggreko (AGK) 2,180.00p +1.02%FTSE 100 - FallersRSA Insurance Group (RSA) 109.70p -2.49%International Consolidated Airlines Group SA (IAG) 163.80p -0.85%Hargreaves Lansdown (HL.) 461.40p -0.77%Whitbread (WTB) 1,693.00p -0.65%British American Tobacco (BATS) 3,115.00p -0.57%BP (BP.) 494.40p -0.51%ICAP (IAP) 393.20p -0.48%Eurasian Natural Resources Corp. (ENRC) 718.50p -0.48%Sainsbury (J) (SBRY) 303.60p -0.43%InterContinental Hotels Group (IHG) 1,414.00p -0.42%FTSE 250 - RisersBodycote (BOY) 382.50p +13.50%Informa (INF) 437.30p +4.84%Barratt Developments (BDEV) 144.70p +3.51%Redrow (RDW) 133.60p +2.77%Salamander Energy (SMDR) 253.40p +2.59%Petropavlovsk (POG) 756.00p +2.51%Morgan Crucible Co (MGCR) 363.70p +2.34%Dixons Retail (DXNS) 14.97p +1.91%JD Sports Fashion (JD.) 829.50p +1.90%Hays (HAS) 89.05p +1.89%FTSE 250 - FallersKier Group (KIE) 1,412.00p -5.17%Supergroup (SGP) 559.50p -3.53%Go-Ahead Group (GOG) 1,290.00p -2.79%New World Resources A Shares (NWR) 505.00p -1.75%Genus (GNS) 1,223.00p -1.53%Dunelm Group (DNLM) 502.00p -0.89%Unite Group (UTG) 184.10p -0.86%Cable & Wireless Worldwide (CW.) 26.10p -0.72%Domino Printing Sciences (DNO) 655.50p -0.68%William Hill (WMH) 234.30p -0.59%
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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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9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

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9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

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9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

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