Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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

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
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
29 Jun 2023 17:19

London stocks fall as utilities drag; Serco gains

De La Rue up after retaining annual profit forecast

*

Read more
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.

Read more
29 Jun 2023 12:35

Intel vs Nvidia: mind the gap

STOXX Europe 600 up 0.3%

*

Read more
29 Jun 2023 11:28

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

STOXX Europe 600 up 0.1%

*

Read more
29 Jun 2023 10:29

UK banks: reasons to buy on weakness

STOXX Europe 600 up 0.1%

*

Read more
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:

Read more
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.

Read more
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).

Read more
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.

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.