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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: 216.55
Ask: 216.65
Change: 0.00 (0.00%)
Spread: 0.10 (0.046%)
Open: 217.35
High: 218.15
Low: 216.30
Prev. Close: 216.75
BARC Live PriceLast checked at -

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Rocked by Ukraine, British stocks have worst week since pandemic began

Fri, 04th Mar 2022 17:23

March 4 (Reuters) - Britain's blue-chip and mid-cap stock indexes recorded their worst week since March 2020 on Friday as concerns over the impact of Russia's invasion of Ukraine deepened.

The blue-chip FTSE 100 index ended the session 3.5% lower and was down 6.4% over the week, with precious metal miners, automakers and travel stocks were the main losing sub-indexes.

Russian forces in Ukraine seized Europe's biggest nuclear power plant on Friday in what the U.S. said was a reckless assault, although a blaze in a training building was put out and officials said the facility was now safe.

Banking shares including HSBC and Barclays and oil and gas giants Shell and BP were among the top drags on the FTSE 100 on Friday.

"People are nervous around the Ukraine headlines and nobody wants to own stocks. It's Friday and nobody knows what will happen over the weekend, which adds to the risk averseness," said Keith Temperton, a sales trader at Forte Securities.

The FTSE 100 has erased all gains made this year to trade 5.1% lower as soaring commodity prices after Russia's invasion of Ukraine have stoked global inflation and growth worries.

"It is becoming difficult to remain constructive on risk in the face of the current exceptional uncertainty," Andrea Cicione, head of strategy at TS Lombard, said.

British firms including Marks & Spencer, recruiter Hays, supermarket group Sainsbury's and the world's largest advertising firm WPP have suspended their Russian operations.

The domestically focussed mid-cap index fell 3.5% on Friday and is down 7% in its worst week since March 2020.

Among other stocks, Hammerson gained 1.1% after the mall operator reported a smaller annual loss and a drop in debt levels.

Mitie's shares sank 10.6% after Britain's antitrust regulator said it is investigating the outsourcing firm over potential breaches of competition law relating to the tender for contracts to run two immigration removal centres. (Reporting by Amal S in Bengaluru; Editing by Saikat Chatterjee, Aditya Soni and Alexander Smith)

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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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24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

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24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

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24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

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