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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: 213.25
Bid: 213.05
Ask: 213.15
Change: 1.60 (0.76%)
Spread: 0.10 (0.047%)
Open: 215.00
High: 215.00
Low: 211.90
Prev. Close: 211.65
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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15 Jan 2024 06:01

London finance job vacancies slumped nearly 40% in 2023, recruiter says

LONDON, Jan 15 (Reuters) - Job opportunities in London's financial sector plummeted nearly 40% last year, recruiter Morgan McKinley said on Monday, as market turbulence and high inflation led employers to tighten their belts on costs.

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

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11 Jan 2024 11:36

UK finance watchdog probes possible motor finance misconduct

LONDON, Jan 11 (Reuters) - Britain's finance watchdog said on Thursday it would start looking into the motor finance industry, amid rising tensions between thousands of consumers and finance providers about commission arrangements.

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11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

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10 Jan 2024 17:07

European shares end lower, with miners and travel stocks leading losses

Norway's Dec core inflation lower than expected

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10 Jan 2024 13:00

Global activist investors pressed companies to sell or spin in 2023 as M&A dropped off

NEW YORK, Jan 10(Reuters) - "Sell" or "split" was the favorite word for activist investors across the world last year when their demands for companies to pursue some form of mergers and acquisition-related activity hit a new record and appeared in roughly half of their 2023 campaigns even as M&A activity dropped off, according to new data from Barclays.

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9 Jan 2024 07:44

LONDON BRIEFING: B&M to declare special payout; strong start for Unite

(Alliance News) - Stocks in London are tipped for a solid start on Tuesday, following a strong performance on Wall Street and in Asian markets.

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5 Jan 2024 09:50

IN BRIEF: Prudential to buy back 4 million shares to offset awards

Prudential PLC - London-based, Asia-focused life and health insurer and asset manager - Contracts Barclays Capital Securities Ltd, part of Barclays PLC, to conduct a share buyback programme that will repurchase about 3.9 million shares at a maximum cost of GBP38 million. At the current market price, 3.9 million Prudential shares are worth GBP32.3 million. The buybacks are intended to offset the dilution that will be caused by the vesting of awards under Prudential's employee and agent share schemes.

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21 Dec 2023 12:59

Barclays extends lease on Canary Wharf headquarters until 2039

LONDON, Dec 21 (Reuters) - Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

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

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20 Dec 2023 08:48

LONDON MARKET OPEN: Stocks feeling festive on UK, US rate cut hopes

(Alliance News) - Stock in London enjoyed a broad-based rally at Wednesday's open, as a surprise UK inflation print boosted risk sentiment, with investors pinning their hopes on UK and US interest rate cuts next year.

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19 Dec 2023 16:06

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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19 Dec 2023 15:11

UK banks face 'step change' rule to reimburse defrauded customers

LONDON, Dec 19 (Reuters) - Britain's banks must reimburse defrauded customers to a maximum of 415,000 pounds ($529,000) from October next year to help combat scams, the Payment Systems Regulator (PSR) said on Tuesday.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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14 Dec 2023 12:00

Fnality completes 'world's first' blockchain payments at Bank of England

LONDON, Dec 14 (Reuters) - Fnality, a blockchain-based wholesale payments firm, said on Thursday that shareholders Lloyds Banking Group, Santander and UBS had completed the "world's first" live transactions that digitally represent funds held at a central bank.

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