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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: 201.75
Bid: 201.70
Ask: 201.75
Change: -1.70 (-0.84%)
Spread: 0.05 (0.025%)
Open: 204.85
High: 205.35
Low: 200.80
Prev. Close: 203.45
BARC Live PriceLast checked at -

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Morgan Stanley queries real-economy demand for lending amid Brexit

Wed, 06th Jul 2016 18:23

(ShareCast News) - Investment bank Morgan Stanley has questioned whether there will be real-economy demand to borrow from banks given Brexit-induced uncertainty, regardless of Bank of England's recent bid to stoke such lending.As such, Morgan Stanley, which has taken a cautious post-Brexit stance on UK banks, said it was wary on UK bank earnings given that it expected weak loan demand and margin pressure from lower rates to weigh on revenues.This as BoE's Financial Policy Committee (FPC) yesterday slashed the counter-cyclical buffer (CCyB) to 0% out to June 2017 in a bid to ensure UK banks continued to lend to the real economy in the wake of the Brexit vote.The FPC had indicated that regulatory capital buffers at a system level would be cut by £5.7 bn by March 2017, raising capacity for lending by up to £150bn."The major UK banks have signalled their willingness to lend in a joint statement with George Osborne (Chancellor of the Exchequer)," Morgan Stanley noted."For us, the key question is whether there will be demand from the real economy to borrow given macro and political uncertainty and given banks may look to tighten credit standards."However, if lending opportunities were not forthcoming to deploy this capital, the FPC was crystal clear that it did not want to see it distributed to shareholders.Morgan Stanley said that while BoE's decision yesterday assured that it would aim to avoid pro-cyclical tightening of capital standards, "we remain concerned about the outlook for UK bank earnings."We are most cautious on earnings for RBS, Barclays and Clydesdale as slower UK macro looks set to delay improvement in returns with limited prospects for capital return over the short to medium term," it said in a research note."Lloyds is our only Overweight in the sector given stronger capital trajectory, more defensive operating profitability and given we model a c.6% 2017-estimated dividend yield on our recast numbers."
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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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25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

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25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

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25 Apr 2024 07:01

Barclays Q1 profits fall 12%

(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.

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