Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London open: FTSE inches higher despite ECB concerns

Mon, 03rd Feb 2014 08:55

- Modest rise on FTSE- Lloyds dives on PPI bill update- Chinese and Aussie data disappoints- Focus to be on Eurozone manufacturingtechMARK 2,783.19 +0.30%FTSE 100 6,514.32 +0.06%FTSE 250 15,690.31 +0.10%The FTSE surprised with a positive start to today's session, inching marginally into positive territory early on, despite weak data out from China, a poor finish in both Asia and the US, on-going fears over emerging markets, as well as concerns over this week's interest rates decision by the European Central Bank (ECB). Friday's weaker-than-expected reading on Eurozone consumer price inflation prompted a number of the largest research outfits in Europe to change their predictions for the upcoming policy meeting, and as a consensus now see another cut in the ECB's main policy rate on the cards.Asia stock markets tracked a decline in the US, and were also hit by data from China, which revealed non-manufacturing PMI dropped to 53.4 in January. Turning to today's session, markets will see the release of the UK´s manufacturing PMI, with the same also due to be released from Spain, Italy and the US. Also in the States, data will be published on Construction Spending and ISM Manufacturing Prices.According to Craig Erlam, a Market Analst at Alpari UK, investors "could be in for another bad week" after Australian data also disappointed with a 2.9% decline in December building permit numbers. "With the central bank meeting tomorrow, this could further encourage policy makers to cut rates again in order to provide a further boost to the economy and devalue the currency to a level its more comfortable with," he said. "I don't think this panic will last, although I do expect repeats of this throughout the year as the Fed brings it asset purchase programme to a close. Given the size of the rally in stocks last year, I think part of this sell-off is being driven by investors using the emerging markets story as an excuse to allow for a correction in the markets." On the company front, Randgold Resources was a strong riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20% and 15% respectively, in line with guidance.Shares in Lloyds were at the bottom of the pile after the group revealed its payment protection insurance (PPI) bill had soared by a further £1.8bn to nearly £10bn, and despite predicting its full-year underlying profits would be almost double that predicted by analysts. Sector peer Barclays was also a heavy faller. Rexam was higher after proposing the sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business for $805m. The consumer packaging company said Montagu Private Equity has made a binding offer for the divisions. The transaction is subject to regulatory approval and is expected to be completed around mid-2104.BBA Aviation climbed after saying it sold APPH, a full-service landing gear and hydraulic sub-systems supplier, and announced it was considering a cash return to shareholders. The business, which had formed part of BBA's Aftermarket Services division, was sold for $128m, the $120.6m proceeds of which would be use to reduce the group's debt level. Medical technology company Smith & Nephew rose after it agreed to buy medical device company ArthroCare Corp. The group will pay $1.7bn, or $48.25 per ArthroCare share in cash, representing an enterprise value of $1.5bn.FTSE 100 - RisersWeir Group (WEIR) 2,149.00p +2.63%Reckitt Benckiser Group (RB.) 4,657.00p +2.06%Randgold Resources Ltd. (RRS) 4,272.00p +1.88%SSE (SSE) 1,328.00p +1.61%GlaxoSmithKline (GSK) 1,587.50p +1.50%Rexam (REX) 499.90p +1.40%Fresnillo (FRES) 780.00p +1.36%Smith & Nephew (SN.) 887.50p +1.31%Intertek Group (ITRK) 2,865.00p +1.17%Diageo (DGE) 1,821.50p +1.17%FTSE 100 - FallersLloyds Banking Group (LLOY) 81.16p -2.57%Barclays (BARC) 269.10p -1.25%Vodafone Group (VOD) 224.25p -1.02%Sports Direct International (SPD) 677.00p -1.02%ARM Holdings (ARM) 926.50p -0.91%TUI Travel (TT.) 422.10p -0.78%BP (BP.) 474.30p -0.77%Royal Mail (RMG) 594.00p -0.67%Kingfisher (KGF) 367.30p -0.62%Burberry Group (BRBY) 1,439.00p -0.62%FTSE 250 - RisersKenmare Resources (KMR) 18.59p +6.23%Grafton Group Units (GFTU) 611.00p +2.78%EnQuest (ENQ) 133.00p +2.70%Centamin (DI) (CEY) 45.20p +2.49%Ferrexpo (FXPO) 154.70p +1.78%SIG (SHI) 199.30p +1.58%RPC Group (RPC) 602.50p +1.26%Cobham (COB) 297.30p +1.23%Croda International (CRDA) 2,441.00p +1.20%BH Global Ltd. GBP Shares (BHGG) 1,200.00p +1.18%FTSE 250 - FallersPerform Group (PER) 234.70p -5.17%Rank Group (RNK) 135.50p -2.38%Essar Energy (ESSR) 56.50p -2.08%Serco Group (SRP) 430.60p -1.49%Petra Diamonds Ltd.(DI) (PDL) 136.00p -1.38%PayPoint (PAY) 1,086.00p -1.18%Telecom Plus (TEP) 1,881.00p -1.16%Cranswick (CWK) 1,307.00p -1.06%UDG Healthcare Public Limited Company (UDG) 352.10p -1.04%BH Macro Ltd. USD Shares (BHMU) 19.3 -1.03%NR
More News
12 Apr 2023 18:29

Barclays plans to close 15 more branches in UK this summer

(Alliance News) - Barclays PLC plans to close another 15 sites across the UK this summer, adding to the loss of hundreds of branches across the banking sector in 2023.

Read more
12 Apr 2023 15:51

BoE's Bailey says bank reforms worked but questions about liquidity buffers

Liquidity buffers introduced after global financial crisis

*

Read more
11 Apr 2023 13:01

China reopening still one to play for equities

STOXX 600 up 0.4%

*

Read more
11 Apr 2023 11:04

Reasons for optimism on European banks

STOXX 600 up 0.6%

*

Read more
11 Apr 2023 00:49

No separate trial for former JPMorgan executive in Epstein case

NEW YORK, April 10 (Reuters) - A U.S. judge rejected requests to sever JPMorgan Chase & Co's lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender.

Read more
10 Apr 2023 16:25

No separate trial for former JPMorgan executive in Epstein case

NEW YORK, April 10 (Reuters) - A U.S. judge on Monday rejected a request by former JPMorgan Chase & Co executive Jes Staley to sever the bank's lawsuit accusing him of concealing what he knew about Jeffrey Epstein from two related lawsuits against the bank.

Read more
6 Apr 2023 23:33

Jes Staley attacks JPMorgan, demands separate trial over Jeffrey Epstein

NEW YORK, April 6 (Reuters) - Jes Staley, the former JPMorgan Chase & Co private banking chief and Barclays Plc chief executive, accused JPMorgan of "slanderous" attacks as he seeks to delay a trial in the bank's lawsuit accusing him of concealing what he knew about Jeffrey Epstein.

Read more
6 Apr 2023 13:50

Barclays investors urged to reject bonuses for ex-CFO

Glass Lewis recommends vote against Barclays executive pay

*

Read more
6 Apr 2023 12:35

Investors urged to vote against Barclays pay proposals

(Sharecast News) - Glass Lewis, the US proxy advisor, has recommended shareholders vote against Barclays' pay proposals for its top executives.

Read more
4 Apr 2023 11:00

U.S. airline loyalty programs can provide buffer from possible recession

CHICAGO, April 4 (Reuters) - U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession.

Read more
3 Apr 2023 23:48

JPMorgan may face expanded lawsuit over Jeffrey Epstein ties

NEW YORK, April 3 (Reuters) - The U.S. Virgin Islands wants to expand its lawsuit accusing JPMorgan Chase & Co of aiding in Jeffrey Epstein's sex trafficking in girls and young women, adding a new obstruction charge and a claim that bank executives joked about the late financier.

Read more
3 Apr 2023 10:59

Banks too reluctant to tap cash buffers in a crisis, Bank of England says

LONDON, April 3 (Reuters) - Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of England said on Monday.

Read more
31 Mar 2023 10:06

Global IPOs marred by banks and recession enjoy few bright spots

LONDON/NEW YORK, March 31 (Reuters) - A banking crisis and worries of a recession have dampened the outlook for initial public offerings (IPOs) this year, prompting companies to slow down their plans to go public in what is likely to result in lower fees for investment banks.

Read more
30 Mar 2023 16:10

Britain to reform accountability rules for bankers to help drive growth

LONDON, March 30 (Reuters) - Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying a globally competitive finance sector is key to economic growth.

Read more
30 Mar 2023 12:14

Global derivatives industry defends CDS after banking blow-ups

LONDON, March 30 (Reuters) - The derivatives industry body, the International Association of Swaps and Derivatives Association (ISDA), has backed Credit Default Swaps amid concerns about the role they have played in the recent bout of global banking turmoil.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.