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BARC Barclays Plc

183.20
1.68 (0.93%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.68 0.93% 183.20 183.48 183.52 185.68 182.82 183.32 48,725,910 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 25.38B 5.26B 0.3470 5.29 27.82B

LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains

14/04/2014 4:00pm

Dow Jones News


Barclays (LSE:BARC)
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By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.K. stocks came off session lows Monday, with shares of Randgold Resources Ltd. and other miners gaining as tensions between Russia and Ukraine escalate.

The London benchmark was off 0.1% at 6,543.37 after closing with a 2% loss last week.

U.K. stocks narrowed losses as U.S. stocks opened higher following better-than-expected quarterly results from Citigroup Inc. (C) and retail sales for March, and after sharp losses recently for Wall Street's benchmarks.

Stocks in London had been down by nearly 1% during Monday's session as investors monitored events in Ukraine, where pro-Russia militants continued to occupy official buildings after a government deadline to disarm passed. Earlier, Kiev said a serviceman was killed and five wounded after camouflaged gunmen fired on government troops near Slovyansk, about 240 kilometers from Ukraine's border with Russia, according to Bloomberg. Ukraine, Russia, the U.S. and European Union are scheduled to hold talks in Geneva on April 17 to resolve the crisis, which unfolded in late February when Russian troops seized the Ukrainian peninsula of Crimea.

The nervousness over Ukraine lured investors into safe-haven gold (GCM4), which rose almost $8 an ounce and gave a lift to precious-metals miners. Randgold Resources Ltd. picked up 2.3%, Fresnillo PLC rose 2.2% and Antofagasta PLC gained 1.3%.

Energy firms turned higher, with BG Group PLC gaining 0.3% and Royal Dutch Shell PLC (RDSB) rising 0.4%, while Tullow Oil PLC climbed 3.3%. Shares of BP PLC (BP) remained lower, by 0.8%.

Among other resource firms, shares of Glencore Xstrata PLC (GLCNF) gained 1.1%. The mining major said on Sunday it agreed to sell its Las Bambas Peruvian copper project to a Chinese consortium in an all-cash deal worth at least $5.8 billion.

The geopolitical tension between Ukraine and Russia also impacted the trading mood in the rest of Europe, with most country-specific indexes pulling lower.

Risk-sensitive sectors mostly sold off in London, with financials among the decliners. Shares of Lloyds Banking Group PLC (LYG) and Royal Bank of Scotland Group PLC (RBS) each lost 1.4% and Barclays PLC (BCS) shed 0.3%.

There was no relief for housing stocks Monday after a report showed U.K. housing prices climbed 2.6% in April to a new record high for a second consecutive month. Stock in Barratt Developments PLC fell 4.5% and Persimmon PLC were pulled back 2.7%.

Online real estate agency Rightmove said the average asking price for homes advertised for sale on its website rose by GBP6,632 pounds ($11,131) in April to GBP262,594.

Also heading lower, GlaxoSmithKline PLC lost 1% after a BBC "Panorama" report that the British drug maker is facing a criminal investigation in Poland for allegedly bribing doctors to promote the company's Seretide asthma medication. In a statement, GSK said it disciplined an employee in 2011 over "inappropriate communication" in its Polish program and that it continues to investigate as it cooperates with Poland's anti-corruption bureau.

But Tesco PLC shares were a bright spot, rising 2.4% ahead of the supermarket chain's quarterly results due Wednesday. Shares of rival J Sainsbury PLC leapt 3.7%, topping advancers on the FTSE 100.

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