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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: 204.35
Bid: 204.75
Ask: 204.85
Change: 0.35 (0.17%)
Spread: 0.10 (0.049%)
Open: 202.00
High: 205.00
Low: 199.20
Prev. Close: 204.00
BARC Live PriceLast checked at -

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Sector movers: Aberdeen boosts financials, Petrofac dampens oil services

Mon, 18th Nov 2013 15:02

Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP).The fund management group said that it would buy SWIP from Lloyds for £550m and form a long-term strategic partnership with the bank for the distribution of funds across its Wealth, Insurance, Commercial Banking and Retail businesses.The consideration will be satisfied by the issue of 131.8m new Aberdeen shares to Lloyds, equivalent to a 9.9% stake.Aberdeen said that the acquisition adds "breadth and depth" to its existing product offering and "enhances its position as a leading independent global asset manager".The company also reported annual pre-tax profit jumped 39% on net revenue up 24%, as it raised its full-year dividend by 39% to 16p per share.Michael Hewson, Chief Market Analyst at CMC Markets, said that Aberdeen gave financials a boost this afternoon with banking stocks in particular "enjoy[ing] some of their best gains in days, rebounding after three successive weeks of losses with the best performers being Standard Chartered and RBS".HSBC, Lloyds and Barclays were also putting in decent gains today.Heading the other way was the oil services sector which dropped sharply after heavyweight constituent Petrofac gave a cautious outlook for the next two years.Petrofac's share price was down 16.6% before the close of trade at 1,200p after the company predicted "flat to modest growth" in net income next year. The company, which designs, builds and operates oil and gas infrastructure, said the guidance reflects the rephasing of both the Upper Zakum project in Abu Dhabi and the second stage of the Berentai project in Malaysia.Meanwhile, it also said that targets for 2015 were dependent on the timing of certain contracts during 2014.Others in the sector including John Wood Group, Lamprell and Hunting were also trading in the red.Top performing sectors so far todayFinancial Services 7,446.89 +1.58%Technology Hardware & Equipment 1,120.76 +1.39%Personal Goods 24,037.86 +1.20%Banks 4,907.94 +1.16%Automobiles & Parts 8,692.93 +1.11%Bottom performing sectors so far todayOil Equipment, Services & Distribution 23,256.74 -5.74%Software & Computer Services 1,107.76 -1.26%Construction & Materials 4,305.35 -0.85%Electricity 9,016.74 -0.42%Real Estate Investment Trusts 2,533.28 -0.40%BC
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(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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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

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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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LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

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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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24 Apr 2024 22:47

Microsoft-backed Rubrik prices IPO above range at $32 per share, source says

NEW YORK, April 24 (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person familiar with the matter.

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24 Apr 2024 19:38

Barclays takes EUR260 million loss from Italian mortgage book sale

(Alliance News) - Barclays PLC on Wednesday said it would book a EUR260 million pretax loss after agreeing the disposal of its Italian mortgage portfolio.

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24 Apr 2024 11:57

Thursday preview: US Q1 GDP, Barclays in focus

(Sharecast News) - Investors' attention on Thursday will be on a first reading for U.S. gross domestic product growth during the first quarter.

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