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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: 220.00
Bid: 219.60
Ask: 219.70
Change: 1.45 (0.66%)
Spread: 0.10 (0.046%)
Open: 219.20
High: 220.30
Low: 217.45
Prev. Close: 218.55
BARC Live PriceLast checked at -

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Sector movers: UK banking stocks rebound after strong US jobs report

Fri, 05th Dec 2014 14:37

UK banking stocks were on the rise on Friday, bouncing back after taking a hit earlier in the week following the Autumn Statement, with market sentiment helped by a much better-than-expected US jobs report.Global stock markets jumped after the US Labor Department revealed that monthly non-farm payrolls increased by their most in three years in November. The benchmark Dow Jones index on Wall Street rose to a new intra-day record as the figures showed that a strong rise in employment was also combined with an improvement in wage growth. "Yet another month of strong job creation in November suggests the US economy continues to grow at an encouragingly robust pace in the fourth quarter," said economist Chris Williamson from Markit.Banking stocks in London were among the best performers in afternoon trade on the back of the brighter macro outlook.UK blue chips Barclays, HSBC, Lloyds, RBS and Standard Chartered were all putting in decent gains.Banking stocks had fallen over the last two sessions after it emerged that UK lenders would have to pay an extra £4bn in taxes over the next five years after changes made in the Autumn Statement.UK chancellor George Osborne said he would limit the amount of profit in established banks that can be offset by losses carried forward to 50%."The banks got public support in the crisis and they should now support the public in the recovery," he said on Wednesday.According to analyst Ian Gordon from Investec, the measures will halve the value of UK banks' deferred tax assets (DTAs).However, he eased concerns by saying: "To be clear, we see today's measure as entirely manageable, with no adverse impact on capital adequacy or dividend expectations."Top performing sectors so far todayMobile Telecommunications 5,202.09 +3.10%Automobiles & Parts 8,300.13 +2.75%Industrial Engineering 8,761.12 +2.08%Banks 4,568.75 +1.88%Fixed Line Telecommunications 4,755.78 +1.79%Bottom performing sectors so far todayOil Equipment, Services & Distribution 17,183.66 -1.06%Mining 14,654.13 -1.03%Industrial Metals & Mining 1,408.56 -0.08%
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European shares at two-week high; UK's FTSE 100 outperforms

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25 Aug 2023 14:43

Barclays hires internet banker Taylor from Goldman Sachs-memo

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Britain makes access to fee-free cash machine a legal right

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14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

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US Steel to explore strategic alternatives after unsolicited bids

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British equities rise as travel stocks rally after China lifts travel curbs

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UBS taps Barclays semiconductors banker Anissimov-sources

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UK's Hunt asks financial watchdog to urgently review 'debanking' concerns

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