Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Barclays Plc | BARC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 0.15% | 259.35 | 08:53:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 260.05 | 258.20 | 260.95 | 258.95 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 10/11/2024 19:41 by johnwise www.express.co.ukPresident Trump will send stock markets wild - then Britain will go bust Republican voters weren't the only ones celebrating Donald Trump's landslide victory on Wednesday morning. Stock markets also went crazy. At least, they did in the US. On Wednesday, the Dow Jones enjoyed its best day in two years, while the S&P 500 and Nasdaq broke fresh all-time highs. That's because US investors expect Trump to light a rocket under share prices once he enters the White House in January. He'll boost economic growth by slashing corporate taxes, red tape and government spending. Which is the exact opposite of what Labour is plotting under Keir Starmer. Instead of talking up the UK economy, Starmer has talked it down at every opportunity. He's destroyed business confidence by warning things will get worse. In last week's Budget, chancellor Rachel Reeves hiked taxes, red tape and government spending, while borrowing an extra £32billion. So how did that work out for us? While Wall Street booms, London has gone limp. Over the last six months, the S&P 500 has shot up 14.80%. The FTSE 100 has fallen 4.28%. Trump has US investors bouncing. British investors are a glum bunch. Most have given up and are pumping money into US shares instead. You can't blame them. If someone invested £10,000 into US shares a decade ago they'd have a thumping £42,248 today, AJ Bell calculates. The FTSE All-Share turned £10k into just £18,186. |
Posted at 04/11/2024 15:56 by johnwise £300billion of government bonds this year..Just when you thought inflation nightmare was over - now Reeves is bringing it back The cost-of-living crisis was such a nightmare, you might have thought Labour would do all it could to avoid a quick return. Unfortunately, Rachel Reeves had other ideas The Chancellor's Halloween Budget hit Britons with a staggering £40billion worth of taxes, making them feel poorer just as optimism was returning. Her National Insurance tax raid will cost employers a staggering £25billion in what has been dubbed a tax on jobs, as it will cost them a fortune to hire new staff. By sucking cash from the nation’s 5.5million small and medium-sized businesses, she will crush growth rather than boost it. Reeves has also jacked up government borrowing by another £32billion, squeezing desperately needed growth. Yet despite all that extra spending, the economy is now forecast to grow at a slower pace than under so-called “Tory austerity”. Reeves has also driven up UK borrowing costs, as she plans to issue an unbelievable £300billion of government bonds this year to fund spending. This has shaken investors' faith in the UK, with investors demanding higher interest rates to buy gilts, the bonds our government issues to fund spending. That will cost us tens of billions of pounds in extra interest, Now here's the worst. Experts say her Budget will drive up prices and mortgage rates, dragging us back into the inflationary nightmare we've only just escaped |
Posted at 31/10/2024 22:55 by johnwise CITYam.comGilts, sterling and FTSE 250 slump as markets digest Budget borrowing plans UK government borrowing costs have climbed to their highest level this year as investors digested the impact of the new government’s first Budget. Chancellor Rachel Reeves announced that borrowing would be around £30bn a year higher to help fund an investment push, which the Office for Budget Responsibility (OBR) described as “one of the largest fiscal loosenings of any fiscal event”. The Debt Management Office said that gilt issuance was likely to reach £300bn in 2025, up from the previous estimate of £278bn and the second largest figure on record. The increase in investment is likely to push up inflation and slow the pace of interest rate cuts, the OBR said on Wednesday. Although traders initially seemed to take the Budget in their stride, yields on government debt have increased significantly over the past 24 hours or so. The yield on the benchmark 10-year gilt hit 4.55 per cent this afternoon, its highest level since October last year. The yield on the rate-sensitive two-year gilt hit its highest level since May as investors re-priced the short term path for UK interest rates. While other government bonds were also selling off on Thursday, the sell-off in UK government debt was more aggressive than elsewhere. Investors also sold the pound, which fell to its lowest level against the dollar since August. |
Posted at 11/10/2024 06:54 by johnwise Liontrust blames budget angst as investors continue to pull cashAsset manager Liontrust has blamed concerns about the Government's looming budget as investors continue to pull cash from its funds. Liontrust recorded net outflows of £1.1billion over the three months ended 30 September, helping to drag total assets under management and advice 4 per cent lower to £26billion. It follows net outflows of £900million in the previous three months after investors pulled more than £6billion in total over 2023, with Liontrust assets having down more than 20 per cent from around £33.5billion at the end of the firm's 2022 financial year. Chief executive John Ions told investors that 'speculation and uncertainty' on taxation ahead of the 30 October budget had 'impacted investor confidence and fund flows for the whole industry |
Posted at 12/9/2024 15:26 by johnwise CGT changes have major impact on investment decision, suggests US brokerChanges to capital gains tax rumoured to be one of the key planks of the Budget on 30 October are likely to have major implications for investors and potentially even send them towards capital lossmakers, says Stifel. “Any increase in CGT rates and reduction in ISA allowances would be unhelpful both for the investment companies sector and are likely to discourage savings and investments more generally,” says the US broker. That is likely to manifest itself in wider discounts and some tax-related selling of investment companies and other equities over the next few weeks ahead of the Budget. “We think any material selling may result in a widening of discounts on listed investment companies, as the market struggles to absorb any increased supply of shares from investors.” If CGT goes up significantly, this will have implications for longer-term stock market liquidity with investors put off shares once the change takes place to avoid a liability. |
Posted at 11/9/2024 07:05 by johnwise Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital marketsBarclays has warned that UK capital markets are missing out on around £430bn in cash deposits as it called on authorities to create a “more balanced environment” for banks to empower potential investors. The bank said on Wednesday that the Financial Conduct Authority (FCA) should give a “badge” to identify entry-level investment products that meet certain diversification or asset allocation criteria to help less experienced investors select offerings potentially suited for their financial objectives. It added that to make investing in these “badged” products easier, the FCA should ensure a simpler sign-up process and reduce “current frictions” in declarations, risk warnings and product documentation for entry-level investors. The recommendations were published alongside data and analysis from the bank finding that roughly 13m UK adults hold £430bn of “possible investments” in cash deposits. MORE |
Posted at 21/8/2024 15:56 by johnwise Flota-SheinChinese online fashion giant Shein Group may open up its £50 billion London initial public offer to retail investors, according to a Telegraph report, as well as institutional investors. The company has still not decided whether to go ahead with the listing, but investment banks on the IPO are mulling whether to sell directly to the investing public, the report suggests, suggesting its Gen Z customers might be interested as well as investors on platforms. Paperwork was filed with the Financial Conduct Authority and Chinese regulators earlier in the summer, while Shein has also started to look for a British warehouse to address complaints from British retailers about its ability to avoid tax by shipping orders directly from China. |
Posted at 31/7/2024 20:15 by bernie37 Earnings season is upon us, and that’s got me thinking about the potential value of FTSE 100 stocks in other sectors.I have one big-name bank that I’m zeroing in on today. That’s because the Barclays (LSE:BARC) is up more than 50% since the start of 2024. It’s got me thinking — could the British bank actually be a good value buy? Sleeping giant in the Footsie? Don’t get me wrong, Barclays is a well-known stock in the Financials sector. The British bank has a £34bn market cap, and has continued to track higher in 2024. I am intrigued by banking given where we are in the business cycle right now. Interest rates are high, the economy looks to be on a knife edge, but there is also some optimism with the general election out of the way. The recent share-price growth has reflected both strong conditions for banks generally as well as Barclays’ competitive position. One thing I really like the look of is its return on tangible equity (RoTE). The bank reported 12.3% RoTE for the quarter ended 31 March 2024, which is ahead of both its 2024 and 2026 targets. A cost to income ratio of 60% also showed me signs of management discipline, which I like to see given the potential risks in the economy right now. What does the relative value look like? What I am interested in is how it stacks up against both the FTSE 100 index and other big-name banks like NatWest and HSBC. Barclays has a 3.4% dividend yield right now, which is slightly below the Footsie average. However, when compared to 4.8% for NatWest and HSBC’s 7%, it doesn’t seem as strong a pick for dividend investors. The NatWest share price has also been strong, with over 50% gains in 2024. HSBC has been more meagre, in the single digits. One key valuation metrics for bank shares is the price-to-book (P/B) ratio. This measures the company’s share price against the value of its net assets on the balance sheet. NatWest trades at a P/B of 0.74 while HSBC is at 0.65. What about Barclays? A meagre 0.46. That means investors are paying 0.46p per £1 of net assets on the books. This says to me that either there is a reason why investors are avoiding Barclays, or it could be a bargain hiding in plain sight. What are the downsides? There is the broader risk to banks that could come from interest rate cuts. We could see more spending and less saving, reducing funds available for banks to lend out and earn money on. However, Barclays specifically also has some risks to it. For one thing, the company has been plagued by issues in recent years. A rightsizing of investment banking activities is part of its three-year plan, and the bank continues to work on turning around its fortunes. Where to next? Barclays is set to announce its half-year results tomorrow. I’ll be tuning in to see how well its investment banking division has performed, and also to track its net interest margin movements. If the results are strong and the outlook is positive, Barclays could go on my ‘want-to-buy list’ for when I get some free cash, despite some question marks on future growth. |
Posted at 03/2/2024 08:55 by diku Post 26295...below could be some of the reasons but think punters/investors feeling dis enfranchised seeing share prices/FTSE not making any headways...all too evident household names shares trading at multi year lows...while those US mega techs and indices making new all time highs...total disconnect...and as for the BODs they are laughing all the way to their bank...what are punters/investors buying into...company or a moving mechanism called the share price?...and recently investors have grabbed 5- 6% return on savings knowing money is safe...City analysts partly blame the cost of living crisis, with high prices for food, energy and transport leaving little to invest in the stock market. Khalaf adds: “If domestic fund investors won’t invest in UK funds, it’s little wonder the UK stock market is struggling, and so many UK companies are seeking to list overseas. Over eight years of pain, more than £46 billion has been withdrawn from UK Equity funds by retail investors, with £24.7 billion whipped out in the last two years alone.” |
Posted at 15/12/2023 15:01 by bernie37 The mystery of Britain’s dirt-cheap stockmarketIt might be old and unfashionable, but investors are ignoring surprisingly juicy yields An illustration of a person waving a pair Union Jacks while being squashed by three large magnifying glasses. image: satoshi kambayashi Dec 14th 2023 Share Listen to this story. Enjoy more audio and podcasts on iOS or Android. It is hard to get a man to understand something, wrote Upton Sinclair, an American novelist, when his salary depends on not understanding it. Hard, but not impossible: just look at those paid to promote Britain’s stockmarket. Bankers and stock-exchange bosses have an interest in declaring it an excellent place to list new, exciting businesses, as do politicians. Yet deep down they seem keenly aware that it is doomed. Government ministers once spoke of “Big Bang 2.0”, a mixture of policies aiming to rejuvenate the City of London and, especially, attract initial public offerings (ipos). But if anyone ever thought an explosive, Thatcherite wave of deregulation was on its way, they do not any more. The new rules are now known as the more squib-like “Edinburgh reforms”. On December 8th the chair of the parliamentary committee overseeing their implementation chastised the responsible minister for a “lack of progress or economic impact”. In any case, says the boss of one bank’s European ipo business, he is unaware of any company choosing an ipo venue based on its listing rules. Instead, clients ask how much money their shares will fetch and how readily local investors will support their business. These are fronts on which the City has long been found wanting. Even those running Britain’s bourse seem to doubt its chances of revival. Its parent company recently ran an advertising campaign insisting that its name is pronounced “l-seg” rather than “London Stock Exchange Group”; that it operates far beyond London; and that running a stock exchange is “just part” of what it does. London’s future as a global-equity hub seems increasingly certain. It will be drearier. If everyone agrees London is a bad place to list, international firms will go elsewhere. But what about those already listed there? Their persistent low valuation is a big part of what is off-putting for others. And it is much harder to explain than a self-fulfilling consensus that exciting firms do not list in London. The canonical justification for London-listed stocks being cheap is simple. British pension funds have spent decades swapping shares for bonds and British securities for foreign ones, which has left less domestic capital on offer for companies listing in London. Combined with a reputation for fusty investors who prefer established business models to new ones, that led to disruptive tech companies with the potential for rapid growth listing elsewhere. London’s stock exchange was left looking like a museum: stuffed with banks, energy firms, insurers and miners. Their shares deserve to be cheap because their earnings are unlikely to rise much. All of this is true, but it cannot explain the sheer scale of British underperformance. The market’s flagship ftse 100 index now trades at around ten times the value of its underlying firms’ annual earnings—barel Britain’s ftse 100 firms, meanwhile, are already making profits worth 10% of their value each year. Even if their earnings do not grow at all, that is well above the 4% available on ten-year Treasury bonds and more than double the equivalent yield on the s&p 500. At the same time, higher interest rates ought to have made the immediate cashflows available from British stocks more valuable than the promise of profits in the distant future. Why haven’t they? No explanation is particularly compelling. British pension funds might no longer be buying domestic stocks, but international investors are perfectly capable of stepping in. Some sectors represented in the ftse—tobacco, for instance—may see profits dwindle, but most will not. Britain’s economy has hardly boomed, but it has so far avoided the recession that seemed a sure thing a year ago. Global investors seem content to ignore Britain’s market, despite its unusually high yield and their own angst about low yields elsewhere. Yet spotting such things is what their salaries depend on. There is something Sinclair might have found hard to understand.■ |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
