Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

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: 202.35
Bid: 202.15
Ask: 202.25
Change: 1.35 (0.67%)
Spread: 0.10 (0.049%)
Open: 202.50
High: 203.40
Low: 199.58
Prev. Close: 201.00
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: Financials fall as RSA gives gloomy update

Tue, 05th Nov 2013 13:45

The insurance and banking sectors were out of favour on Tuesday, providing a drag on markets with RSA the standout faller after disappointing the market with a third-quarter update.In a earlier-than-expected statement, the company warned that weather-related losses would be greater than expected this year, meaning that the 2013 return on equity (RoE) will be below 10%, less than the 10-12% range previously estimated.The news will come as another blow to investors after the company slashed its dividend earlier in the year. The stock was down 6.21% at 121.08p in afternoon trade.This year is "proving to be an exceptionally tough year for weather events" for RSA, according to Chief Executive Simon Lee, due to continuing adverse weather in Canada and the strong windstorms seen across Europe.A raft of insurance peers were also trading lower on Tuesday with Hiscox, Amlin, Beazley, Lancashire Holdings, Direct Line, Jardine Lloyd Thompson, Admiral, esure and Catlin all registering losses.Banking stocks were also trading in the red this afternoon. David Madden, Market Analyst at IG, said that the sector "was the belle of the market yesterday due to HSBC's figures, but has been hit by profit-taking today".RBS was a heavy faller, extending losses after last week's announcement to set up an internal 'bad bank'. As well, analysts at broker Exane today downgraded the lender's shares to underperform from neutral. Domestic peers Lloyds and Barclays were also lower.Top performing sectors so far todayIndustrial Metals & Mining 1,522.27 +2.03%Mining 17,491.13 +1.98%General Retailers 2,737.48 +0.39%Health Care Equipment & Services 4,475.15 +0.12%Pharmaceuticals & Biotechnology 11,545.15 +0.09%Bottom performing sectors so far todayInsurance (non-life) 1,808.66 -2.46%Life Insurance 6,725.32 -1.79%Banks 4,891.31 -1.62%Financial Services 7,387.25 -1.37%General Industrials 4,364.33 -1.12%BC
More News
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more
19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

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

Read more
18 Jan 2024 14:33

Britain's finance minister Hunt to quiz bank bosses on UK lending

LONDON, Jan 18 (Reuters) - Britain's finance minister Jeremy Hunt will meet the bosses of top British banks next Tuesday to seek reassurance they can keep lending to the economy, four sources familiar with the matter said on Thursday.

Read more
18 Jan 2024 09:26

Sainsbury's to gradually withdraw from banking

LONDON, Jan 18 (Reuters) - British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, as part of a strategy to focus on its core retail operations.

Read more
17 Jan 2024 18:39

Bank CEOs, huddled in private in Davos, worry about competition, economy - sources

DAVOS, Jan 17 (Reuters) - Bank CEOs meeting in private at the World Economic Forum on Wednesday aired concerns about the competitive risks from fintech firms and private lenders, and complained about onerous regulations, a source familiar with the matter said.

Read more
16 Jan 2024 12:51

Ex-Barclays duo agree Panmure and Liberum investment bank merger

Jan 16 (Reuters) - Former Barclays veterans Bob Diamond and Rich Ricci have agreed an all-share merger of Panmure Gordon and UK rival Liberum, the firms said on Tuesday, creating Britain's largest independent investment bank amid an extended dealmaking slump.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

Read more
16 Jan 2024 08:21

TOP NEWS: Panmure Gordon and Liberum merge to "reinvigorate" UK market

(Alliance News) - City brokers Panmure Gordon and Liberum on Tuesday said they have agreed an all-share merger that will create the "UK's largest independent investment bank" with over 250 quoted corporate clients.

Read more
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.

Read more
11 Jan 2024 17:03

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

U.S. inflation data sparks selloff

*

Read more
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.

Read more
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".

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.