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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: 202.35
Bid: 202.15
Ask: 202.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.049%)
Open: 0.00
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Low: 0.00
Prev. Close: 202.35
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Sector movers: Volatility and rise in bond yields proves boon for banks

Thu, 27th Oct 2016 15:30

(ShareCast News) - Banks paced gains as yields on longer-term government bonds continued to move higher on both sides of the Pond.In parallel, the odds of a 25 basis point rate hike by the US Federal Reserve at its 14 December policy meeting moved up to 78.5%, according to the CME´s Fed Watch tool.Thus, as of 1615 BST, the yield on the benchmnark 10-year Gilt was climbing 13 basis points higher to 1.28% - a fresh post-Brexit high - and that on similarly-dated 10-year US Treasuries by seven basis points to 1.86%.Worth noting, on Thursday morning one oft-cited analyst had referenced remarks from European Central Bank chief Mario Draghi in the previous session as one trigger behind the previous day´s gain in yields.Adding fuel to the proverbial fire, the UK´s gross domestic product expanded at a 0.5% quarter-on-quarter clip during the third quarter preliminary data from ONS revealed, easily outstripping projections for growth of 0.3%.Better-than-expected quarterly figures from Barclays and Deutsche Bank also provided a boost for the sector.Indeed, Barclays reported a 35% rise in third-quarter pre-tax profit to £837m as revenue from the fixed income division surged 40%. Excluding extraordinary items the lender posted quarterly profits of £1.7bn (consensus: £1.53bn).In parallel, over on the Continent Deutsche Bank posted third quarter profits which rose to €278m following a loss of €6.1bn one year ago, driven by strong revenues from trading. That easily beat the average €610m loss forecast by analysts.Shares in Lloyd´s also received a small boost after analysts at UBS nudged their target price on the stock from 65p to 67p while reiterating their recommendation to 'buy'.On a more cautious note, according to the Financial Times the Bank of England has asked big UK lenders to detail their exposure to Deutsche Bank and some of the largest Italian banks, including Monte dei Paschi di Siena.Going the other way were some of the more interest rate sensitive issues such as real estate investment trusts and fixed-line telecommunications.Nonetheless, the worst performance was for oil equipment and service stocks which were torpedoed by a warning of higher year-end debt levels out of AMEC, with investors obviously displeased with the pace of the company´s restructuring.Top performing sectors so far todayBanks 3,857.34 +1.00%Media 7,276.74 +0.88%Automobiles & Parts 7,357.89 +0.87%Electronic & Electrical Equipment 5,081.13 +0.81%Pharmaceuticals & Biotechnology 14,294.67 +0.81%Bottom performing sectors so far todayOil Equipment, Services & Distribution 15,069.64 -7.29%Fixed Line Telecommunications 4,312.60 -2.61%Real Estate Investment Trusts 2,738.16 -1.51%Technology Hardware & Equipment 1,016.80 -1.23%Support Services 6,831.80 -1.15%
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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

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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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14 Dec 2023 10:51

France's Credit Agricole to stop financing new fossil fuel projects

Vows to triple financing of renewable energy projects by 2030

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12 Dec 2023 09:10

UK lenders face smaller impact from Basel rules than rivals, BoE says

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, far less than for their European Union and U.S. peers.

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12 Dec 2023 07:16

BoE says UK lenders to be hit less than EU, U.S. rivals by Basel capital rules

LONDON, Dec 12 (Reuters) - The Bank of England said on Tuesday that implementing the final leg of the global Basel bank rules will increase capital requirements at UK banks by 3%, less than for their European Union and U.S. peers.

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7 Dec 2023 16:55

Director dealings: Barclays chair invests, York Holdings settles LSEG call options

(Sharecast News) - Nigel Higgins, the group chairman of Barclays, was on the buying side of the ledger on Thursday.

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