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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 217.55
Bid: 217.40
Ask: 217.45
Change: 0.00 (0.00%)
Spread: 0.05 (0.023%)
Open: 0.00
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Low: 0.00
Prev. Close: 217.55
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UPDATE 2-FTSE 100 hits highest close in 20 months; Barclays slides as CEO steps down

Mon, 01st Nov 2021 09:43

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.8%, FTSE 250 adds 0.6%

* Barclays among worst FTSE performers

* STOXX at record all-time high, FTSE lags peers
(Updates to close)

By Bansari Mayur Kamdar

Nov 1 (Reuters) - London's FTSE 100 index marked its highest
close in 20 months on Monday, aided by gains in most bank stocks
and a weaker pound, while shares of British bank Barclays
slipped after its chief executive officer stepped down.

Barclays fell 1.1% after it announced the departure
of CEO Jes Staley following a dispute with British financial
regulators over how he described his ties with convicted sex
offender Jeffrey Epstein.

The FTSE 100 index rose 0.8% to record its highest
close since February 2020, with banks Standard Chartered
and Lloyds Banking Group among the top boosts.

The domestically focussed mid-cap index advanced
0.6%.

Britain's FTSE 100 has this year lagged the pan-European
STOXX 600 index, which hit a record high on Monday, as
supply chain problems, a fuel crisis and interest rate hike
worries weighed on domestic markets.

Investor focus is on the Bank of England (BoE) meeting on
Thursday with swaps pricing pointing to a better-than-even
chance of the central bank raising interest rates for the first
time since the pandemic.

"A few small rises will be absorbed by most firms, and
higher rates are even good news for some sectors, like banks.
But the BoE needs to be careful, raise too much too quickly and
they will cause both an economic and market downturn as
consumers and corporates struggle to service debt," said Emma
Wall, head of investment analysis at Hargreaves Lansdown.

British business sentiment fell slightly in October after
touching its highest since the start of the pandemic, according
to a survey by Lloyds Bank.
(Reporting by Bansari Mayur Kamdar and Amal S in Bengaluru
Editing by Shounak Dasgupta and Mark Potter)

More News
9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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9 Feb 2024 08:49

LONDON MARKET OPEN: Tesco bank sold to Barclays for GBP600 million

(Alliance News) - Stock prices in London lacked direction on Friday, after Barclays announced plans to buy the retail banking business of Tesco Bank.

Read more
9 Feb 2024 08:11

Barclays adds scale, income and profits with Tesco Bank deal, says Shore Capital

(Sharecast News) - Shore Capital has reiterated a 'buy' recommendation on Barclays after its deal to takeover Tesco Personal Finance for £600m, saying that the stock should double from current levels.

Read more
9 Feb 2024 07:59

TOP NEWS: Barclays buys Tesco Bank as supermarkets refocus on food

(Alliance News) - Barclays PLC and Tesco PLC on Friday announced an agreement for Barclays to buy the retail banking business of Tesco Bank, as the big UK supermarkets scale back their forays into financial services.

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
9 Feb 2024 07:03

Tesco sells banking unit to Barclays for £600m

(Sharecast News) - UK supermarket giant Tesco has sold its most of its retail banking business to Barclays for £600m, the two companies said on Friday.

Read more
4 Feb 2024 11:12

Sunday newspaper round-up: Asda, Barclays, McLaren

(Sharecast News) - Zuber Issa, one of the two billionaire brothers at the helm of Asda, has been sounding out potential buyers for his 22.5% stake in the grocer. Instead, Zuber wishes to focus on EG Group, their petrol station empire. Meanwhile, Asda's next phase may include a bid for Boots. According to City sources, it was also possible that Zuber might use the funds raised through a sale to fund the purchase of his brother's stake in EG Group. - The Sunday Telegraph

Read more
26 Jan 2024 17:39

Texas bans Barclays from local govt debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton on Friday said Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

Read more
26 Jan 2024 17:08

Texas bans Barclays from local debt business over ESG concerns

NEW YORK, Jan 26 (Reuters) - Texas Attorney General Ken Paxton said on Friday that Barclays bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its carbon emissions reduction commitments.

Read more
25 Jan 2024 10:36

BoE says 'ring fencing' capital rules for retail banks need no big overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul needed.

Read more
25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

Read more
23 Jan 2024 12:37

UK Chancellor Hunt meets top UK bank heads over plans to boost City

(Alliance News) - Jeremy Hunt has met the UK's biggest banks as part of efforts among the government to boost interest in the City.

Read more
22 Jan 2024 17:14

European shares rise as Wall Street rallies; ECB decision in focus

Kindred jumps on takeover bid from FDJ

*

Read more
22 Jan 2024 16:59

London stocks climb as homebuilders shine, China weakness drags miners

Barclays up after bullish view from MS

*

Read more
22 Jan 2024 08:34

LONDON MARKET OPEN: FTSE 100 follows New York into the green

(Alliance News) - Stock prices in London opened higher on Monday, propelled by gains on Wall Street at the end of last week.

Read more

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