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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: 208.90
Bid: 209.35
Ask: 209.45
Change: -0.85 (-0.41%)
Spread: 0.10 (0.048%)
Open: 210.15
High: 211.85
Low: 208.80
Prev. Close: 209.75
BARC Live PriceLast checked at -

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Broker snap: Don't own RBS ahead of Q3 results, says Investec

Fri, 18th Oct 2013 11:20

Investec has maintained its 'sell' rating for UK lender Royal Bank of Scotland (RBS), recommending investors not to own the stock ahead of its third-quarter results on November 1st.Analyst Ian Gordon said that the bank will likely fall back into the red in the second half, though most of the damage will come in the fourth quarter.The 17% fall in first-half 'core' pre-tax profit to £2.5bn was entirely due to a sharply lower contribution from the Markets Division. Gordon said: "We anticipate no relief here in Q3 2013e where we expect the division to barely achieve break-even, and our expectation of slightly lower incremental losses in Ulster Bank, coupled with a modest recovery in UK Retail (reflecting both volume and margin recovery) is insufficient to offset this."The analyst added that the stock's valuation - trading at a small premium to Barclays (rated 'buy') - "appears well ahead of events" given that the target for return on equity (RoE) to be above cost of equity (CoE) won't be reached until at least 2017."Consensus continues to drift down, but we think it remains unreasonably high," Gordon said. He added that he doesn't understand how the Bloomberg consensus estimate for a RoE in 2013 is 2.17%, given that his own forecast is 0%.Gordon reiterated his 345p target price for the stock. The stock was trading down 1.38% at 371.7p on Friday morning."Despite all the considerable 'balance sheet repair', we still believe that RBS has a dangerous cocktail of legal, political and regulatory obstacles to overcome," he added.BC
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30 Jun 2023 16:10

US urges appeals court to uphold Ghislaine Maxwell's sex trafficking conviction

NEW YORK, June 30 (Reuters) - The U.S. government has urged an appeals court to uphold Ghislaine Maxwell's conviction and 20-year prison sentence for helping the disgraced late financier Jeffrey Epstein sexually abuse teenage girls.

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30 Jun 2023 15:08

US, European IPOs show signs of life after lengthy drought

NEW YORK/LONDON, June 30 (Reuters) - A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight.

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30 Jun 2023 13:09

British mortgage lenders now have options in place to ease interest rate pain -FCA

LONDON, June 30 (Reuters) - Banks and building societies in Britain now have options in place to offer to mortgage customers to ease the pain of rising interest rates, the Financial Conduct Authority (FCA) said on Friday.

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30 Jun 2023 12:39

British mortgage lenders can offer options to help ease interest rate pain -FCA

LONDON, June 30 (Reuters) - Banks and building societies in Britain can offer mortgage customers options to ease the pain of rising interest rates, the Financial Conduct Authority (FCA) said on Friday.

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30 Jun 2023 09:36

Vanquis Banking promotes former Barclays CFO Peter Estlin to chair

(Alliance News) - Vanquis Banking Group PLC on Friday said it will promote Non-Executive Director Peter Estlin to chair, subject to regulatory approval.

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30 Jun 2023 07:56

LONDON BRIEFING: Markets ponder strong US economy, slow China recovery

(Alliance News) - Stocks in London were called higher on Friday, as investors weighed conflicting economic data from the world's two largest economies.

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29 Jun 2023 17:19

London stocks fall as utilities drag; Serco gains

De La Rue up after retaining annual profit forecast

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29 Jun 2023 15:24

UK mortgage rates rise again, turning screw on homeowners and buyers

LONDON, June 29 (Reuters) - Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers.

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29 Jun 2023 12:35

Intel vs Nvidia: mind the gap

STOXX Europe 600 up 0.3%

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29 Jun 2023 11:28

What a PP, Vox-led Spain could mean for equities?

STOXX Europe 600 up 0.1%

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29 Jun 2023 10:29

UK banks: reasons to buy on weakness

STOXX Europe 600 up 0.1%

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29 Jun 2023 09:00

LONDON BROKER RATINGS: Exane cuts Ashtead; Investec likes De La Rue

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

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27 Jun 2023 09:58

RHI Magnesita advised that Ignite Luxembourg offer undervalues company

(Alliance News) - RHI Magnesita NV on Tuesday said it was advised by Barclays Bank PLC and Peel Hunt LLC that the offer from Ignite Luxembourg Holdings Sarl to buy a non-controlling minority stake undervalues the company.

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27 Jun 2023 07:38

CAB Payments sets 335 pence per share offer price in London listing plan

LONDON, June 27 (Reuters) - CAB Payments Holdings <IPO-CABP.L>, a specialist in business-to-business emerging markets cross-border payments, said on Tuesday it had set a 335 pence price per share for its prospective London listing, implying a market capitalisation of 851 million pounds ($1.08 billion).

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26 Jun 2023 17:39

UK banks face profit hit from rising threat of economic hard landing

(Alliance News) - JPMorgan on Monday warned that high street lenders, Lloyds Banking Group PLC, Barclays PLC and NatWest Group PLC, face a profit squeeze in the event of a hard-landing for the UK economy.

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