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Share Price Information for Barclays (BARC)

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Share Price: 217.25
Bid: 216.70
Ask: 216.75
Change: 1.10 (0.51%)
Spread: 0.05 (0.023%)
Open: 216.05
High: 218.25
Low: 213.30
Prev. Close: 216.15
BARC Live PriceLast checked at -

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Thursday newspaper share tips: Steer clear of banking sector

Thu, 11th Feb 2016 11:35

(ShareCast News) - The Telegraph's Questor wasn't so hot on the UK banking sector as it published an in-depth look into it on ThursdayThe column noted that shares in the sector have fallen over 20% so far this year, due to fears about how it would cope in another downturn.It said there is an element of nervousness when it comes to how bank share prices react."Shares in Deutsche Bank, one of Europe's biggest lenders, are behaving like a penny share, dropping 14pc in two days after fears were raised over the lender's capital reserves," Questor said."The stock then erased those losses after chief executive John Cryan claimed the business was "rock solid" and would consider buying back some of its bonds."Questor said that London banks haven't escaped the sell-off, with problems in their European peers sparking concerns about another crisis in the sector.It also said that UK banks haven't completely repaired their balance sheets over the last six years.For that reason, Questor said that equity investors needed to think twice about whether to buy into a sector that was "still paying for its past sins", and advised traders to avoid it. Over in The Times, Tempus had a look through ARM Holdings' latest full-year results which caused the shares to tumble on Wednesday.The FTSE 100 company posted a strong set of full-year results and said it was confident of meeting forecasts for 2016 as demand for its microchip technology continued to grow.Despite the profit warning from smaller rival Imagination Technologies earlier in that same week, ARM's fourth quarter saw a 19% increase in revenue to £269.1m, ahead of consensus forecasts, helping to lift profits 17% to £138.7m.For the full-year, this meant revenue rose 22% to £968.3m, beating consensus forecasts of £962m, with profit before tax up 24% to £511m and earnings per share up 25% to 30.2p.A 25% increase in the final dividend to 5.63p per share meant the total payment was also up 25% to 8.78p, while management also planned to continue its small share buyback programme.Tempus said the results showed that Imagination Technologies's weakness was isolated to that particular company and was not linked to the wider semi-conductor market nor with supplying Apple.It believed that ARM had diversified from the core mobile devices market more successfully compared to its competitor, with 55% of revenues coming from elsewhere."Of that other 45 per cent, a proportion does go to Apple, but this is less than 10 per cent of the total across the group and you would have to take a pretty gloomy view of prospects for the world's most profitable company to see this as too much of a negative."Tempus said it would back ARM Holdings as it believed the company would stay ahead of the semi-conductor market, justifying the high price, and rated it at 'buy long term'.
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LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

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24 Nov 2023 15:03

London close: Stocks mixed on quiet Friday

(Sharecast News) - Market performance showed a mixed trend in London today, with movements relatively subdued after the Thanksgiving holiday across the pond.

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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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24 Nov 2023 09:20

PRESS: Barclays works on plan to cut 2,000 back office jobs - Reuters

(Alliance News) - Barclays PLC is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion, Reuters reported on Thursday.

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24 Nov 2023 08:41

Barclays looking to save up to £1bn; 2,000 jobs at risk - report

(Sharecast News) - Barclays is reportedly working on plans to save as much as £1bn, which could result in as many as 2,000 job losses, mainly in the bank's back office.

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23 Nov 2023 11:28

Greencore signs new GBP350 million sustainability-linked facility

(Alliance News) - Greencore Group PLC on Thursday said it signed a new five-year GBP350 million sustainability-linked revolving credit facility.

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21 Nov 2023 06:24

Banks accused of 'lack of transparency' over green finance activities

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

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17 Nov 2023 15:18

Barclays exploring acquisition of Tesco Bank - report

(Sharecast News) - Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

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12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

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LONDON MARKET OPEN: FTSE 100 climbs as focus turns to US nonfarms

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27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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27 Oct 2023 09:12

LONDON MARKET OPEN: NatWest trims outlook and admits Farage "failings"

(Alliance News) - London's FTSE 100 opened slightly lower on Friday, as banking stocks weighed on the index, with NatWest the worst of the lot after admitting to "serious failings" following a review of the controversial closure of UK politician Nigel Farage's Coutts account.

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