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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
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Share Price: 191.14
Bid: 190.66
Ask: 190.72
Change: -1.10 (-0.57%)
Spread: 0.06 (0.031%)
Open: 192.56
High: 193.44
Low: 190.24
Prev. Close: 192.24
BARC Live PriceLast checked at -

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SocGen outlines post-referendum trade ideas

Wed, 22nd Jun 2016 09:57

(ShareCast News) - Remain is the central scenario in Societe Generale's equity allocation model and the FTSE 100 is one of its preferred indices, the bank said as it outlined its equity trade ideas for both outcomes.In the event of a Brexit, SocGen expects that on 24 June and the following days, the FTSE 100 would lose around 15%, while FTSE 250, Euro Stoxx 50 and the Nikkei would lose 20% and the S&P 500 would drop 10%.After a market correction, the FTSE would recoup most of its losses, the FTSE 250 would remain 20% lower, the Euro Stoxx 50 would recover from lows and the S&P 500 would move back to pre-Brexit levels.If Britain decides to leave the European Union, SocGen recommends selling the Euro Stoxx 50, FTSE 250 and Nikkei, hedged in GBP, during the initial market reaction. After a market correction, it recommends buying the FTSE 100 and S&P 500, hedged in USD."After the initial stage of market reaction, which might last a couple of weeks (hard to tell), we expect FX/equity correlations to normalise as well as active UK intervention to contain outflows. GBP would be durably lower, thereby pushing the FTSE 100 higher," SocGen said.In a Remain scenario, the bank recommends going long the FTSE 100, European banks and the Euro Stoxx 50. In terms of specific stocks, it would buy Lloyds, ING and ABN Amro.The bank said the FTSE 100 was likely to move back to the 6,400 mark it hit in April straight after a Bremain vote, with a target of 6,700 by the end of the third quarter."Beyond the FTSE, a Bremain outcome should alleviate a great deal of uncertainty elsewhere in Europe too, especially for banks which have been strongly impacted recently by Brexit fears."As far as individual stocks are concerned, it highlighted names that would perform well in the event of each scenario.In a Brexit, stocks that are highly sensitive to a weaker pound would do well. These include BAE Systems, Barclays, HSBC, SABMiller, Smiths Group, Burberry Group, Unilever, Reckitt Benckiser, WPP, British American Tobacco and Experian.If the outcome is to remain in the EU, the bank suggested going long stocks that have recently suffered on Brexit fears such as Next, RBS, ITV, Great Portland Estates and Whitbread, and short stocks that have recently outperformed, such as Weir, Accenture, Pearson, Informa and Rolls-Royce.
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Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

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22 Apr 2024 09:04

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19 Apr 2024 09:26

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
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abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
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Star Energy Group PLCFull Year Results
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Inchcape PLCTrading Statement
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Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

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12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

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Barclays reduces Fed rate cut view to one in 2024

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