Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Barclays    BARC   GB0031348658

BARCLAYS (BARC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Suffering sterling supports FTSE, activist stake boosts Whitbread

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2017 | 05:57pm CEST
A red London bus passes the Stock Exchange in London

LONDON (Reuters) - Britain's top share index was lifted from a two-month low on Wednesday as Brexit negotiations dented the pound, while Costa owner Whitbread got a late boost when activist investor Sachem Head declared a stake in the company.

Britain's blue chip FTSE 100 index rose 0.5 percent to 7,364.05 points, outperforming a negative European market thanks to a weaker sterling, down 0.4 percent on the day.

Large dollar-earning firms, for whom a weaker sterling/dollar exchange rate boosts earnings, were top gainers, with British American Tobacco, Imperial Brands, Diageo and Unilever rising 1.9 to 4.1 percent.

Whitbread was a late riser to the top of the FTSE, shooting up 7.8 percent after U.S. activist investor Sachem Head revealed a stake in the Costa coffee owner.

Tracking weakness in the broader European market, financials took nearly 6 points off the index, with shares in HSBC, Lloyds and Barclays up to 0.8 percent lower as enthusiasm over U.S. tax reform, which had boosted lenders in the past week, dissipated.

Jitters in tech drove Micro Focus and WorldPay down.

Mid-cap cybersecurity firm Sophos, which has been the best-performing FTSE 250 stock this year, up a cool 105 percent, also tumbled 3.7 percent as investors shunned highly-valued tech stocks.

DEAL OR NO DEAL?

Investors' eyes were glued to developments in fraught Brexit negotiations which have caused swings in sterling.

"Whether or not there is 'sufficient progress' on Brexit divorce talks by the EU Council Summit on 14/15 December is key to our economic outlook," said Bank of America Merrill Lynch strategists in a note.

Irish Prime Minister Leo Varadkar said negotiations over how Brexit would change sensitive Northern Irish border arrangements could pick up again in the new year if a deal was not made this week.

British press reports no such deal would be reached sent sterling down on Wednesday.

Deal-making, of the corporate kind, also added some spice at the single-stock level.

Shares in Hammerson fell 6.1 percent to the bottom of the FTSE after the real estate investment firm said it would buy shopping centre operator Intu Properties (>> Intu Properties), revealing investors' anxieties about value creation in a difficult environment for commercial real estate.[nL8N1O6146]

"Shareholders will want to see assets sold down in the merged company to help fund the deal and to reflect the lower demand for brick and mortar stores," said LCG's Jasper Lawler.

Shares in Intu Properties, however, leapt 15 percent and were on track for their biggest one-day gain on record. Intu's shares were down almost 30 percent ahead of the announcement.

Stifel analysts were more upbeat on the deal: "We think the market will welcome an enlarged REIT which will be... more meaningful from a global perspective for REIT investors."

Among other standout movers, shares in travel group Saga (>> Saga) dropped 24.8 percent after a profit warning.

(Reporting by Kit Rees and Helen Reid; Editing by Hugh Lawson and Toby Davis)

By Kit Rees and Helen Reid

Stocks mentioned in the article
ChangeLast1st jan.
BHP BILLITON LIMITED -1.72% 32.5 End-of-day quote.11.84%
BHP BILLITON PLC 0.87% 1622.8 Delayed Quote.5.69%
BRITISH LAND -0.80% 646.2 Delayed Quote.-5.74%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.-5.90%
GLENCORE 1.15% 312.47 Delayed Quote.-20.74%
HAMMERSON -0.56% 529.8 Delayed Quote.-2.67%
HSBC HOLDINGS 0.24% 708.2 Delayed Quote.-7.84%
INTU PROPERTIES 1.48% 181.65 Delayed Quote.-29.23%
LAND SECURITIES GROUP PLC -0.63% 929.5 Delayed Quote.-7.18%
LLOYDS BANKING GROUP -0.06% 62.46 Delayed Quote.-8.18%
MICRO FOCUS INTERNATIONAL PLC 2.09% 1267 Delayed Quote.-50.79%
RIO TINTO 1.89% 4075.5 Delayed Quote.1.57%
SAGA 1.49% 125 Delayed Quote.-2.54%
SOPHOS GROUP PLC 2.50% 513.5 Delayed Quote.-12.11%
WORLDPAY GROUP 0.00%-End-of-day quote.2.21%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARCLAYS
04:24pCuadrilla poised to frack Britain's first horizontal shale well
RE
04:12pBARCLAYS : Form 8.3 - VEDANTA RESOURCES PLC
PU
03:50pEXCLUSIVE : Lloyds Bank plans three EU subsidiaries after Brexit - sources
RE
03:12pBARCLAYS : Form 8 (dd) - cme group plc - amendment
PU
03:02pBARCLAYS : Form 8.3 - SIBANYE GOLD LTD
PU
02:02pBARCLAYS : Form 8.3 - vedanta resources - amendment
PU
01:37pBARCLAYS : appoints CEO, Global Head of Payments Acceptance in Cards & Payments ..
PU
12:47pBARCLAYS : Form 8.5 (EPT/NON-RI) - SKY PLC
PU
12:47pBARCLAYS : Form 8.5 (ept/non-ri) - nex group plc
PU
12:47pBARCLAYS : Form 8 (DD) - CME Group Plc
PU
More news
News from SeekingAlpha
07/16BARCLAYS CONSIDERS U.S. PUSH UNDER A : Wsj 
07/09Banks climb for third day anticipating strong earnings 
06/29JPMORGAN LOSES SHARE IN JUNK BOND UN : Bloomberg 
06/28Federal Reserve objects to Deutsche Bank USA's capital return plan 
06/28Next round of bank stress tests 
Financials ( GBP)
Sales 2018 21 385 M
EBIT 2018 5 933 M
Net income 2018 1 523 M
Debt 2018 -
Yield 2018 3,56%
P/E ratio 2018 18,75
P/E ratio 2019 8,79
Capi. / Sales 2018 1,52x
Capi. / Sales 2019 1,45x
Capitalization 32 454 M
Chart BARCLAYS
Duration : Period :
Barclays Technical Analysis Chart | BARC | GB0031348658 | 4-Traders
Technical analysis trends BARCLAYS
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 2,25  GBP
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
James Edward Staley Group Chief Executive Officer & Director
John McFarlane Group Chairman
Paul Compton Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
Reuben Jeffery Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BARCLAYS-5.70%42 989
JP MORGAN CHASE & COMPANY3.40%362 132
BANK OF AMERICA-3.29%289 479
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-15.48%272 964
WELLS FARGO-6.07%269 762
CHINA CONSTRUCTION BANK CORPORATION-11.46%237 327