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Share Price Information for Barclays (BARC)

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Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
Spread: 0.10 (0.049%)
Open: 205.75
High: 206.10
Low: 197.68
Prev. Close: 205.15
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Tuesday newspaper round-up: Power suppliers, Budget...

Tue, 22nd Mar 2011 06:31

The Big Six household energy suppliers have been spared an industry-wide Competition Commission investigation, despite Ofgem finding evidence that they may be profiteering, manipulating their own figures and misleading consumers.Alistair Buchanan, Ofgem's chief executive, said: "Energy companies have failed to play it straight with consumers." But rather than mire the industry in what might be a formal competition investigation lasting years, he said that Ofgem had the powers to whip suppliers into shape. It is understood that Ofgem has serious concerns over transfer-pricing, in which suppliers pay their own power stations more for electricity than on the open market, the Times reports. The "wrong kind of inflation" will mean the government has to borrow significantly more over the medium term than planned, George Osborne will be forced to admit in the Budget. The chancellor is planning a "Robin Hood" budget that closes tax loopholes used by the rich and introduces a "Learjet levy" on people using private jets. The £1bn in extra taxes will fund small sweeteners to motorists, low earners and holidaymakers. But the deterioration in the medium-term government borrowing numbers - in spite of a lower deficit than forecast in November - will cast a shadow over Mr Osborne's deficit reduction programme, the FT writes.Essar Energy will clinch the purchase of the Stanlow oil refinery from Shell within days. The sale of the $350m facility near Liverpool will mean that four of Britain's eight refineries have changed ownership within a couple of years, with a further two up for sale. The Times has also learnt that Esso has put a package of about 50 garage forecourts up for sale as changes in the petroleum market reach the high street, the Times reports.Warren Buffett cheered markets yesterday as he used a visit to South Korea to tell investors that the earthquake and tsunami that devastated northeast Japan nine days ago would not derail the country's economic future. In a symbolic gesture of confidence, the billionaire investor said that although the natural disaster was an "enormous blow" for Japan, it presented a buying opportunity for investors, the Times reports.Britain will get a tough new set of takeover rules, a year after Kraft's hostile takeover bid for Cadbury prompted calls for UK companies to be protected from corporate raiders. The Takeover Panel said yesterday that the balance of power had shifted too far in favour of bidders at the expense of companies and their shareholders. The regulator published a draft code that will severely restrict bidders that rely heavily on bank debt, such as private equity firms, foreign sovereign wealth funds and entrepreneurs, the Times reports.Britons are suffering their biggest drop in living standards for 30 years, according to a new report by the Institute for Fiscal Studies (IFS). The average household's "real" income - what is coming in after inflation is taken into account - will have fallen by 1.6% over the three years to the end of 2011, the influential think-tank said ahead of Wednesday's Budget. In contrast, over the previous half a century, real incomes rose an average 1.6% a year, or 5% every three-year period, the Telegraph reports.The chief executive and chairman of New Look are both quitting, following a dire year during which the company pulled a £1.8bn flotation, faced a damning investigation by Channel 4, posted tumbling sales and suffered disruption by moving head office staff from Weymouth to London. In a terse statement, New Look said that Carl McPhail had "resigned" from the board with "immediate effect" and that John Gildersleeve, its non-executive chairman since January 2010, intended to "retire" to focus on his "other business interests". Tom Singh, who founded New Look in 1969 and still holds a 22.4% stake, has returned to the retailer as interim chief executive, the Independent reports.Citigroup, the global banking organisation which twice had to be bailed out by taxpayers in the United States, is to restart paying dividends to shareholders, two years after suspending the payout. The bank is the latest US institution to announce it will resume the return of cash to shareholders, following a decision by the Federal Reserve on Friday that the American banking system is no longer in danger, the Independent reports.Hedge funds should accept higher taxes as the cost of doing business in London and stop threatening to move elsewhere, according to one of the world's best-known copper traders. Michael Farmer, a Conservative party donor who runs the near-$1bn Red Kite metals hedge funds, is rare among managers in defending London, with many others telling the government that the 50% top tax rate is hurting their ability to attract the best traders, the FT reports.Barclays is among a group of investors weighing a rival bid for a portfolio of mortgage-backed securities that has already drawn a $15.7bn offer from AIG, people familiar with the matter said. The securities are owned by the Federal Reserve Bank of New York and housed within Maiden Lane II, one of the special-purpose vehicles created as part of the insurer's $180bn rescue during the financial crisis, the FT reports.
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18 Sep 2023 21:51

IN BRIEF: Vanquis confirms Estlin as chair after regulatory approval

Vanquis Banking Group PLC - Bradford, England-based lender - Confirms Peter Estlin as chair, effective last week Friday, following regulatory approval. He replaces Patrick Snowball. Estlin worked as acting chief financial officer for Barclays PLC and served as Lord Mayor of the City of London in 2018/19.

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12 Sep 2023 13:47

Barclays to cut more than 450 jobs, says Unite

(Sharecast News) - Barclays is cutting more than 450 jobs, the Unite union announced on Tuesday.

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8 Sep 2023 15:45

UK dividends calendar - next 7 days

Monday 11 September 
AstraZeneca PLCdividend payment date
Games Workshop Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Residential Secure Income PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Tuesday 12 September 
Ashtead Group PLCdividend payment date
Foxtons Group PLCdividend payment date
Lindsell Train Investment Trust PLCdividend payment date
Lloyds Banking Group PLCdividend payment date
LMS Capital PLCdividend payment date
Wednesday 13 September 
BT Group PLCdividend payment date
Franchise Brands PLCdividend payment date
Monks Investment Trust PLCdividend payment date
Thursday 14 September 
abrdn Japan Investment Trust PLCex-dividend payment date
Alfa Financial Software Holdings PLCspecial ex-dividend payment date
Apax Global Alpha Ltdex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Cairn Homes PLCex-dividend payment date
Camellia PLCex-dividend payment date
Dalata Hotel Group PLCex-dividend payment date
Energean PLCex-dividend payment date
Franchise Brands PLCex-dividend payment date
Fresnillo PLCdividend payment date
Goodwin PLCex-dividend payment date
Henderson High Income Trust PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
Intertek Group PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
Luceco PLCex-dividend payment date
LXi REIT PLCex-dividend payment date
Macfarlane Group PLCex-dividend payment date
Melrose Industries PLCex-dividend payment date
Murray Income Trust PLCdividend payment date
SDCL Energy Efficiency Income Trust PLCex-dividend payment date
Triple Point Energy Transition PLCex-dividend payment date
Triple Point Social Housing REIT PLCex-dividend payment date
TT Electronics PLCex-dividend payment date
Unite Group PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Friday 15 September 
4imprint Group PLCdividend payment date
Baillie Gifford European Growth Trust PLCspecial dividend payment date
Baillie Gifford UK Growth Trust PLCdividend payment date
Barclays PLCdividend payment date
Brunner Investment Trust PLCdividend payment date
Clarkson PLCdividend payment date
Halfords Group PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
Ibstock PLCdividend payment date
IMI PLCdividend payment date
Informa PLCdividend payment date
Lancashire Holdings Ltddividend payment date
Montanaro European Smaller Companies Trust PLCdividend payment date
NatWest Group PLCdividend payment date
Pershing Square Holdings Ltddividend payment date
Reckitt Benckiser Group PLCdividend payment date
Spirent Communications PLCdividend payment date
TI Fluid Systems PLCdividend payment date
Vesuvius PLCdividend payment date
Witan Investment Trust PLCdividend payment date
  
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7 Sep 2023 09:45

LONDON BROKER RATINGS: RBC ups ConvaTec; Peel Hunt cuts Harbour Energy

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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5 Sep 2023 15:03

SoftBank's Arm aims for over $52 bln valuation in biggest US IPO of the year

Sept 5 (Reuters) - SoftBank Group's Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year.

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4 Sep 2023 14:32

Barclays reportedly looking for investors in UK merchant payments arm

(Sharecast News) - Barclays is looking for buyers to invest in its merchant acquiring unit in the UK, according to reports.

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1 Sep 2023 00:01

Some UK banks improving interest rates for savers, says watchdog

LONDON, Sept 1 (Reuters) - More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain's Financial Conduct Authority (FCA) said on Friday.

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31 Aug 2023 23:16

Arm prepares to meet investors ahead of blockbuster IPO -sources

NEW YORK, Aug 31 (Reuters) - Arm Holdings Ltd plans to launch its roadshow for investors after Labor Day, as the chip designer prepares for its much-anticipated initial public offering (IPO) in September, according to people familiar with the matter.

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29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

U.S. job openings data boosts Fed pause bets

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25 Aug 2023 14:43

Barclays hires internet banker Taylor from Goldman Sachs-memo

Aug 25 (Reuters) - Barclays Plc has hired Emma Taylor, a Goldman Sachs Group Inc technology banker, as global head of internet investment banking, according to an internal memo seen by Reuters.

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18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

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18 Aug 2023 09:57

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

(Alliance News) - Everyman Media Group PLC on Friday said it is trading in line with expectations, although first-half revenue and earnings were lower.

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17 Aug 2023 22:30

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

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

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15 Aug 2023 07:49

LONDON BRIEFING: L&G profit falls on investments; M&S outlook rosy

(Alliance News) - Stocks in London are expected to edge up at Tuesday's open, as investors weigh the latest economic data from the UK and Asia.

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14 Aug 2023 17:18

UK watchdog kicks off 'politically-exposed persons' review

LONDON, Aug 14 (Reuters) - Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or maintaining a bank account ahead of a formal investigation.

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