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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
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Prev. Close: 202.35
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London open: Stocks fall as markets await Carney's forward guidance

Wed, 07th Aug 2013 08:31

Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of blue chips were heading lower after going ex-dividend, pushing London's benchmark index into the red for the fourth straight day.Carney, who took over from Mervyn King in early July, is expected to unveil forward guidance later this morning in an attempt to convince consumers, small businesses and international money markets that only when the upturn is established will borrowing costs rise.The move is thought to encourage borrowing and less saving amongst businesses and consumers, thus giving a boost to the economy."It is widely anticipated that new governor Mark Carney will look to pledge to keep interest rates low for a set period of time, in a form of monetary forward guidance, and he could even set a monetary threshold, like the unemployment rate as a benchmark, or a growth target, for when we can expect them to go higher again," said Senior Market Analyst Michael Hewson from CMC Markets."The problem is that given the recent improvement in economic data, questions are now being raised as to whether we need forward guidance at all, as it could be counterproductive." Sentiment has also been dampened by losses on Wall Street overnight, as a worries about the Federal Reserve tapering asset purchases sent US stocks lower following comments from a number of officials that a phased withdrawal could be just around the corner.FTSE 100: Miners extend losses, Randgold disappointsAfter some heavy falls on Tuesday, miners were once again in negative territory as metals prices continued to weaken. Randgold firmly lower after a 17% drop in the average gold price during the second quarter reduced profit by 34% from the first three months of the year. Sector peers Fresnillo, Glencore Xstrata, Rio Tinto, Antofagasta and BHP Billiton were also lower.A number of heavyweight stocks were also weighing on the Footsie today after going ex-dividend, meaning that from today new investors won't be able to get their hands on the firms' latest payouts. Ex-div stocks today include Barclays, BG Group, BT Group, GlaxoSmithKline, Reckitt Benckiser, Reed Elsevier and Unilever.Investors gave a cool reaction to third-quarter figures from TUI Travel despite the tour operator reiterating full-year guidance after an 18% jump in underlying operating profits.Savings, investment and insurance giant Old Mutual was heading the other way after half-year profits increased due to a rise in funds under management and client cash flows.Defensive stocks were also making small gains this morning, benefitting from a reduction in risk appetite, with pharmaceuticals Shire and AstraZeneca in demand, along with utilities firms Centrica and SSE.FTSE 250: United Drug slumps despite upbeat outlookUnited Drug, the provider of services to healthcare manufacturers and pharmacies, was trading firmly lower this morning despite saying that trading in the third quarter has been "strong". The company reiterated its guidance for 5-8% growth in adjusted diluted earnings per share this year.A number of stocks on the FTSE 250 also went ex-dividend today, including Dialight, Domino's Pizza, Greene King, Hiscox, Jupiter, Pennon, RPC, Synergy Health, Spirent Communications and St Modwen Properties.FTSE 100 - RisersOld Mutual (OML) 202.70p +5.30%Standard Chartered (STAN) 1,581.50p +0.89%Centrica (CNA) 393.50p +0.51%Shire Plc (SHP) 2,403.00p +0.46%SSE (SSE) 1,583.00p +0.38%Kingfisher (KGF) 398.90p +0.25%AstraZeneca (AZN) 3,277.00p +0.15%Vedanta Resources (VED) 1,171.00p +0.09%Prudential (PRU) 1,194.00p +0.08%Royal Bank of Scotland Group (RBS) 317.90p +0.06%FTSE 100 - FallersTUI Travel (TT.) 381.20p -5.06%Randgold Resources Ltd. (RRS) 4,297.00p -2.96%BT Group (BT.A) 332.20p -1.89%Rio Tinto (RIO) 2,948.00p -1.72%Reckitt Benckiser Group (RB.) 4,644.00p -1.61%Reed Elsevier (REL) 830.50p -1.60%Unilever (ULVR) 2,639.00p -1.46%ARM Holdings (ARM) 876.50p -1.13%Whitbread (WTB) 3,267.00p -1.09%BP (BP.) 449.90p -0.98%FTSE 250 - RisersFerrexpo (FXPO) 173.20p +6.00%Centamin (DI) (CEY) 36.01p +2.77%esure Group (ESUR) 251.00p +2.03%Millennium & Copthorne Hotels (MLC) 563.50p +1.62%Menzies(John) (MNZS) 764.00p +1.60%Grainger (GRI) 185.70p +1.59%Regus (RGU) 188.20p +1.13%Evraz (EVR) 94.00p +1.08%African Barrick Gold (ABG) 112.80p +1.08%COLT Group SA (COLT) 102.40p +0.99%FTSE 250 - FallersUnited Drug (UDG) 340.10p -4.97%Greene King (GNK) 864.50p -3.68%Pennon Group (PNN) 676.00p -3.15%Lancashire Holdings (LRE) 782.00p -2.92%RPC Group (RPC) 460.30p -2.27%Hansteen Holdings (HSTN) 94.50p -2.07%QinetiQ Group (QQ.) 182.10p -1.94%Balfour Beatty (BBY) 242.80p -1.90%Kazakhmys (KAZ) 242.30p -1.90%Domino's Pizza Group (DOM) 561.50p -1.75%BC
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4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.

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3 May 2024 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and systematic trading strategies have grown so much that those trading on company fundamentals might be hurt.

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2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 3 May 
Ashoka India Equity Investment Trust PLCGM re share issue
HSBC Holdings PLCAGM
Intercontinental Hotels Group PLCAGM
Mondi PLCAGM
More Acquisitions PLCAGM
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Caledonia Mining Corp PLCAGM
CPPGroup PLCAGM
Just Group PLCAGM
Macfarlane Group PLC AGM
Plus500 LtdAGM
Supernova Digital Assets PLCAGM
Wednesday 8 May 
Airea PLCAGM
Antofagasta PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Deltex Medical Group PLCAGM
Direct Line Insurance Group PLCAGM
Fidelity European Trust PLCAGM
Haleon PLCAGM
Jardine Matheson PLCAGM
JZ Capital Partners LtdEGM re investing in a secondary fund
Oscillate PLCAGM
Pershing Square Holdings LtdAGM
Rentokil Initial PLCAGM
WPP PLCAGM
Thursday 9 May 
Ascential PLCAGM
BAE Systems PLCAGM
Balfour Beatty PLCAGM
Barclays PLCAGM
CAB Payments Holdings PLCAGM
Catenai PLCGM re convertible loan note
Clarkson PLCAGM
FBD Holdings PLCAGM
Genel Energy plcAGM
Gym Group PLCAGM
Harbour Energy PLCAGM
Hiscox LtdAGM
IMI PLCAGM
Inchcape PLCAGM
Indivior PLCAGM
John Wood Group PLCAGM
Jupiter Fund Management PLCAGM
Logistics Development Group PLCAGM
Man Group PLCAGM
Morgan Advanced Materials PLCAGM
OSB Group PLCAGM
Public Policy Holding Co IncAGM
Rathbones Group PLCAGM
RM PLCAGM
Spire Healthcare Group PLCAGM
Synthomer PLCAGM
Uniphar PLCAGM
  
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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1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

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30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

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29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

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26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

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26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

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26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

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25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

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25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

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25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

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