Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 215.00
Bid: 213.85
Ask: 213.95
Change: 3.55 (1.68%)
Spread: 0.10 (0.047%)
Open: 211.30
High: 216.00
Low: 210.90
Prev. Close: 211.45
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Surging oil price pushes Britain's FTSE higher

Wed, 30th Nov 2016 17:21

* FTSE 100 up 0.2 pct

* Energy sector biggest riser as oil soars on OPEC deal

* RBS falls after failing bank stress test

* Ashtead, Zoopla, RPC hit record highs (Follow European and UK stock markets in real time on theReuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

By Peter Hobson and Alistair Smout

LONDON, Nov 30 (Reuters) - Britain's top share index rose onWednesday, led by rebounding energy stocks after oil pricessurged to their biggest one-day gain in nine months when majorproducers agreed to output cuts to curb oversupply.

The blue-chip FTSE 100 index closed up 0.2 percent.But the index still fell 2.5 percent in November, snapping afive-month winning run.

The index has underperformed European peers this month, asit contains many defensive stocks that have lagged as investorshave bet on a return of inflation and growth following theelection of Donald Trump as U.S. president.

The oil and gas sector is also down 1.8 percent forNovember, as it has been whipsawed by speculation overWednesday's meeting of top oil producers in Vienna.

On Wednesday, however, the FTSE's oil and gas index rose 4.1 percent after the price of oil shot up asmembers of OPEC, the oil producers' cartel, agreed to trimoutput for the first time since 2008 in a last-ditch bid tosupport prices.

Brent crude was last up 8 percent, its biggest gainsince February, at around $50 per barrel. Analysts have said asuccessful deal by OPEC could send oil towards $60 per barrel,which would have a big affect on UK energy stocks.

Royal Dutch Shell and BP were the FTSE 100'sbiggest gainers, rising 4 percent and 3.8 percent respectively.

Energy stocks on the mid-cap FTSE 250 rose evenfaster, with Tullow Oil and Cairn Energy uparound 14 percent.

Conversely, the prospect of higher fuel bills pushed easyJetand International Consolidated Airlines Group down 2.1 percentand 2.5 percent.

Royal Bank of Scotland lost 1.4 percent after itfailed a stress test by the Bank of England, meaning it willhave to bolster its capital buffer to address a shortfall ofsome 2 billion pounds ($2.49 billion).

Barclays, Standard Chartered, LloydsBanking Group and HSBC all gained between 0.3and 1.6 percent, despite Barclays and Standard Chartered failingsome parts of the test.

The test's outcome was generally reassuring, said IpekOzkardeskaya, an analyst at London Capital Group.

"The results showed greater balance sheet resilience acrossthe UK's banking sector ... This is comforting news for allsectors, which may face uncertain times as the UK prepares toleave the European Union," she said.

Elsewhere, slipping gold and metals prices drove down miningstocks, with Fresnillo, Rio Tinto and RangoldResources losing between 2.5 percent and 2.8 percent.

Shares in Capita fell to their lowest since 2006after the outsourcing firm received two broker downgrades. Itsstock was down 5.9 percent, the FTSE 100's biggest faller.

Several stocks touched record high levels. Equipment rentalfirm Ashtead rose 3.7 percent and touched an all-timehigh after RBC raised its target price.

While overall the FTSE 250 was flat, mid-cap stock Zoopla briefly hit its best level after the property listingand price comparison website announced strong results and anoptimistic forecast, despite fears of a Brexit-related slowdownon the UK housing market. It finished up 5 percent.

Packaging company RPC also struck record levels onhigher revenues and broker upgrades, and was up 7.5 percent. (Reporting by Peter Hobson; Editing by Alison Williams)

More News
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
10 Jan 2024 17:07

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

Norway's Dec core inflation lower than expected

*

Read more
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.

Read more
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.

Read more
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.

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.