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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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1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

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31 Aug 2023 23:16

Arm prepares to meet investors ahead of blockbuster IPO -sources

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29 Aug 2023 17:27

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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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

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18 Aug 2023 09:57

Everyman half-year revenue and earnings down; agrees new loan facility

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17 Aug 2023 22:30

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

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15 Aug 2023 07:49

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14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

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13 Aug 2023 18:29

US Steel to explore strategic alternatives after unsolicited bids

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10 Aug 2023 17:30

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

China eased travel restrictions

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FTSE 100 movers: Commodity stocks rise, Hiscox sinks

(Sharecast News) - Mining stocks were up across the board on Wednesday, clawing back losses after a poor showing the previous session as weak economic data from China fuelled concerns over demand.

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3 Aug 2023 20:39

UBS taps Barclays semiconductors banker Anissimov-sources

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3 Aug 2023 19:13

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

LONDON, Aug 3 (Reuters) - British finance minister Jeremy Hunt said on Thursday he had asked the country's financial services watchdog to urgently investigate terminations of bank accounts and suggested that lenders who have broken the law should be fined.

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