Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 205.85
Bid: 205.45
Ask: 205.55
Change: -0.30 (-0.15%)
Spread: 0.10 (0.049%)
Open: 207.10
High: 207.90
Low: 204.65
Prev. Close: 206.15
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Spectre of transaction tax hits financial shares

Wed, 17th Aug 2011 12:32

Suggestions that European leaders could resurrect the idea of a financial transaction tax have sent shares in banks and bourses into a spin.A meeting of Germany's Angela Merkel and France's Nicolas Sarkozy yesterday offered little by way of concrete plans to solve the ongoing Eurozone debt crisis.One prospective solution that did emerge was a tax on financial transactions, something that was rejected by the European Union in 2010.It remains unclear who will pay the tax, which could in theory fall on traders, banks or exchanges.The plan sent financial shares south; in Germany Deutsche Boerse AG led declines, down 7% by midday on Wednesday, while Deutsche Bank lost 2.3% before recovering slightly.An e-mailed statement from VOeB, an association which represents German lenders, said they would oppose the plan."Recent regulation means banks are already at their limits with regards to their financial, organisational and personnel abilities," the group said. London Stock Exchange Group lost 4.7% by midday on Wednesday, while in New York NYSE Euronext fell 8.4% by the close of play and the Nasdaq fell 1.2%.All of the UK's major banking groups traded down this morning, with Barclays leading the way, down 3%."Most market participants weren't expecting the meeting to yield any significant progress on the debt crisis but they also weren't expecting the idea of a financial transaction tax to resurface either," Jonathan Sudaria, a dealer at London Capital Group, wrote. Ireland's Finance Minister, Michael Noonan, demanded that any transaction tax apply to all nations in the EU, not just the Eurozone."We can't have a situation where there is a transaction tax in Dublin and there is no transaction tax in London," he said."There would be a lot of objections to it from countries with strong financial services industry participation - Luxembourg, Netherlands, even Paris."
More News
1 Aug 2023 10:34

UPDATE: Aston Martin raises GBP216 million from share offer

(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Tuesday said it raised a total of GBP216.1 million from the share offer it had announced after the London market close on Monday.

Read more
31 Jul 2023 11:00

Britain's banks told to justify low savings rates by end of August

LONDON, July 31 (Reuters) - Britain's banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008.

Read more
28 Jul 2023 12:14

Berenberg stays at 'buy' on Barclays, trims target price

(Sharecast News) - Analysts at Berenberg stood by their 'buy' recommendation on shares of Barclays.

Read more
28 Jul 2023 11:56

IN BRIEF: Tekmar agrees banking facilities renewals; trading in line

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Agrees a renewal of its existing banking facilities with Barclays Bank PLC, part of Barclays PLC. Says the trade loan facility is extended until June 15, 2024, maintaining a facility of up to GBP4 million which can be drawn against supplier payments. Also says GBP3 million term loan facility under UK government's coronavirus business interruption loan scheme is extended by a further 12 months until October 31, 2024.

Read more
28 Jul 2023 10:49

BPEA EQT completes $6.5 bln merger of Vistra and Tricor

Combined business has over 9,000 staff

*

Read more
28 Jul 2023 09:46

LONDON BROKER RATINGS: KBW cuts Aviva 'market perform'

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

Read more
27 Jul 2023 17:30

UK stocks rise on media stocks boost, global rate pause hopes

Energy shares fall on drop on Shell Q2 profits

*

Read more
27 Jul 2023 17:03

Euro zone blue-chip shares at 15-year high as ECB fans rate pause hopes

ECB raises rates by 25 bps to 23-year high

*

Read more
27 Jul 2023 16:58

LONDON MARKET CLOSE: European stocks surge as ECB puts pause on table

(Alliance News) - London's FTSE 100 ended higher on Thursday, while the euro plunged as a rate hike pause has entered into thinking of the European Central Bank.

Read more
27 Jul 2023 09:35

TOP NEWS: Barclays "very confident" for 2023 after strong first half

(Alliance News) - Barclays PLC on Thursday said it showed "stability and strength" in the recent half year with higher return on equity and an increased dividend, and it confirmed positive guidance for all of 2023.

Read more
27 Jul 2023 09:16

Barclays signals profit squeeze as customers take action

LONDON, July 27 (Reuters) - Barclays warned of growing pressure on its UK business as stubborn inflation and high interest rates pushed customers to repay debt and switch into savings, squeezing the bank's margins and hurting its shares despite a fresh share buyback.

Read more
27 Jul 2023 08:52

LONDON MARKET OPEN: Stocks up as investors weigh mixed company results

(Alliance News) - Stock prices in London opened in the green on Thursday, as investors digested the latest swathe of corporate earnings, as well as Wednesday's interest rate announcement from the Federal Reserve.

Read more
27 Jul 2023 07:53

LONDON BRIEFING: Stocks to rise; Frasers, Centrica post strong results

(Alliance News) - Stocks are called higher in London on Thursday, as investors anticipate the end to the Federal Reserve's monetary tightening cycle.

Read more
27 Jul 2023 07:02

Barclays H1 profits surge to £4.5bn but bad loan charges rise

(Sharecast News) - Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.

Read more
27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

LONDON, July 26 (Reuters) - The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP.

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.