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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: 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 -

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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."
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13 Jul 2023 13:30

PRESS: Barclays in preliminary talks to sell German asset - Bloomberg

(Alliance News) - Barclays PLC is preparing the sale of its consumer-finance business in Germany and has held preliminary talks with potential buyers, according to a Bloomberg report on Thursday.

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12 Jul 2023 17:14

European shares jump as cooling US inflation boosts rate pause bets

STOXX 600 up for fourth straight session

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LONDON MARKET CLOSE: FTSE 100 soars as US inflation ebbs in June

(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence.

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12 Jul 2023 11:04

Bank of England stress test finds top 8 UK banks have enough capital

LONDON, July 12 (Reuters) - Britain's eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses.

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12 Jul 2023 08:39

TOP NEWS: Major UK banks "resilient" in BofE's annual stress test

(Alliance News) - The Bank of England on Wednesday said the major UK banks were "resilient to a severe stress scenario", in its latest cyclical stress test results, with all eight surveyed lenders passing.

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12 Jul 2023 08:26

UK bank shares rise after BoE stress test

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12 Jul 2023 07:21

UK bank pass annual stress tests, says BoE

(Sharecast News) - Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.

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12 Jul 2023 07:15

Stress test shows top 8 UK banks have enough capital, says Bank of England

LONDON, July 12 (Reuters) - The Bank of England said on Wednesday its annual stress test of eight major lenders showed that each could cope with rising interest rates in a stressed environment, and none would need to submit a revised capital plan.

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11 Jul 2023 11:19

Intuitive Investments names veteran chair as eyes move to Main Market

(Alliance News) - Intuitive Investments Group PLC on Tuesday said it has named the experienced Nigel Rudd as its next independent non-executive chair, subject to it moving to a London listing on the Main Market, from its current position in the junior market.

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Ignite Luxembourg and RHI Magnesita extend acceptance period

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9 Jul 2023 22:41

Sunday newspaper round-up: BT Group, Aston Martin, MPs

(Sharecast News) - BT has intensified its preparations to see off a possible takeover bid by its major shareholder Deutsche Telekom. For months now, the telecoms services provider had been working with Robey Warshaw and Goldman Sachs to prepare against such a scenario. Speculation in that regard was reaching a crescendo both in the City and within the sector, due to BT's need to invest £15bn in its new fibre-optic broadband network and multiple potentially destabilising factors. - The Sunday Telegraph

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7 Jul 2023 22:22

Barclays hires Birchenough as chairman of healthcare investment banking

NEW YORK, July 7 (Reuters) - Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday.

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7 Jul 2023 20:34

Barclays hires Birchenough as chairman of healthcare investment banking

NEW YORK, July 7 (Reuters) - Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday.

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Banks recognise savers need help accessing best rates - UK regulator

(Alliance News) - The City regulator said it had held a "constructive" meeting after summoning UK banks to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages.

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