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: 220.00
Bid: 219.60
Ask: 219.70
Change: 1.45 (0.66%)
Spread: 0.10 (0.046%)
Open: 219.20
High: 220.30
Low: 217.45
Prev. Close: 218.55
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 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
More News
27 Jul 2023 08:52

LONDON MARKET OPEN: Stocks up as investors weigh mixed company results

(Alliance News) - Stock prices in London opened in the green on Thursday, as investors digested the latest swathe of corporate earnings, as well as Wednesday's interest rate announcement from the Federal Reserve.

Read more
27 Jul 2023 07:53

LONDON BRIEFING: Stocks to rise; Frasers, Centrica post strong results

(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle.

Read more
27 Jul 2023 07:02

Barclays H1 profits surge to £4.5bn but bad loan charges rise

(Sharecast News) - Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.

Read more
27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

Read more
26 Jul 2023 13:53

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

Read more
25 Jul 2023 16:11

JPMorgan ignored Jeffrey Epstein's 'nymphettes,' US Virgin Islands says

NEW YORK, July 25 (Reuters) - The U.S. Virgin Islands unveiled new accusations against JPMorgan Chase over the bank's ties to former client Jeffrey Epstein, including executives discussing how the disgraced late financier surrounded himself with "nymphettes."

Read more
25 Jul 2023 15:19

London court revives $3.5 bln mass forex lawsuit against banks

LONDON, July 25 (Reuters) - A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on Tuesday.

Read more
25 Jul 2023 11:15

London court revives $3.5 bln mass forex lawsuit against banks

LONDON, July 25 (Reuters) - A proposed 2.7 billion pound ($3.46 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on Tuesday.

Read more
24 Jul 2023 13:02

UK government to haul in banks over account closures

LONDON, July 24 (Reuters) - Britain's finance ministry will request a meeting with major lenders to discuss concerns that banks have closed some customer accounts over their political views, after a public spat between former Brexit party leader Nigel Farage and NatWest.

Read more
24 Jul 2023 06:53

UK city minister to warn banks over "de-banking" customers

(Alliance News) - City minister Andrew Griffith has summoned bank chiefs for a meeting to discuss how customers can be protected from "being de-banked" after Coutts cut ties with Nigel Farage.

Read more
20 Jul 2023 22:53

Barclays hires Schulte as new head of US IG syndicate

July 20 (Reuters) - Barclays has hired Scott Schulte as its new head of U.S. investment-grade debt syndicate desk, sources familiar with the matter said.

Read more
20 Jul 2023 22:44

Judge throws out Citigroup ex-trader's lawsuit tied to foreign exchange probe

NEW YORK, July 20 (Reuters) - A U.S. judge threw out a $112 million lawsuit by a former senior London-based trader for Citigroup, who accused the bank of falsely implicating him in a criminal probe into foreign exchange price fixing after firing him.

Read more
19 Jul 2023 15:52

Britain's banks slow in passing higher rates to savers -watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Read more
19 Jul 2023 15:17

Britain's banks too slow in passing higher interest rates to savers, says watchdog

LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday.

Read more
18 Jul 2023 08:59

SSP completes bank refinancing with new GBP300 million four-year loan

(Alliance News) - SSP Group PLC on Tuesday said it has completed the refinancing of its syndicated banking facilities, including a new GBP300 million four-year loan and undrawn GBP300 million revolving credit facility.

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.