Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Barclays PLC    BARC   GB0031348658

BARCLAYS PLC (BARC)

142
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

LONDON MARKETS: U.K. Stocks Rebound As Markets Mull Greece

05/15/2012 | 04:58am US/Eastern
Recommend:
0

By Shawn Langlois, MarketWatch

LONDON (MarketWatch)--U.K. stocks inched higher on Tuesday, rebounding slightly from the prior session's sharp drop, amid freshened concerns over what a Greece exit from the euro zone could mean for the markets.

At last check, the FTSE 100 was up fractionally at 5,488 points.

A day earlier, the index shed 2% after last-ditch attempts to form a coalition government in Greece stumbled over the weekend.

That sparked another batch of fears that the country won't be able to push through with austerity reforms it promised in exchange for a bailout agreed in March.

"This latest Hellenic national anti-incumbent swing," according to Barclays Capital analyst Edmund Shind, "has returned Euroland to a state of political flux over continued efforts to reduce burgeoning public debt burdens, and has revived the existential question of the euro's continued existence, at least in its present form."

Leading advancers in the FTSE, shares of security firm G4S PLC rose almost 3% while Hargreaves Lansdown PLC and Carnival PLC both tacked on more than 1%.

The biggest losers in the group were International Consolidated Airlines Group , down almost 3%, and Experian PLC , off more than 1%.

J.P. Morgan cut its rating on IAG to neutral from overweight, saying that the recent rally in the share price has made its peers, like top pick Lufthansa, more attractive.

On the banking front, which is particularly susceptible to tensions in the euro zone, Barclays PLC (BCS) shares failed to find their footing, extending the prior session's loss with a slight decline.

Recommend :
0
React to this article
Latest news on BARCLAYS PLC
7m ago BARCLAYS : McIlroy roars back to form with flawless 65 at The Barclays
9h ago BARCLAYS : McIlroy fights back to post second-round 65 at The Barclays
10h ago BARCLAYS : Scott tied for the lead, McIlroy back in the hunt and 1 more cut at B..
1d ago BARCLAYS : TV: Weekend at a glance
1d ago BARCLAYS : Jim Furyk shares early lead as Els, Stenson get in the mix at Barclay..
1d ago BARCLAYS : Form 8.3 - HYDER CONSULTING PLC - Amendment
1d ago BARCLAYS : Form 8.3 - HYDER CONSULTING PLC - Amendment
1d ago BARCLAYS : Form 8.3 - HYDER CONSULTING PLC - Amendment
1d ago BARCLAYS : Form 8.3 - HYDER CONSULTING PLC - Amendment
1d ago LSE unveils $1.6 billion rights issue for Frank Russell deal
Advertisement
Chart
Duration : Period :
Barclays PLC Technical Analysis Chart | BARC | GB0031348658 | 4-Traders
Income Statement Evolution
Barclays PLC : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF