London stocks hold onto gains as Brexit fears fade
The FTSE100 held onto most of its intraday gains to close over 3% higher on Monday after sentiment towards remaining in the EU grew
Company
LON:BARC
Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 147,000 people.
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The FTSE100 held onto most of its intraday gains to close over 3% higher on Monday after sentiment towards remaining in the EU grew
The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
Investments and investor services
Precious few blue-chips were making headway and the few that were in the blue were mainly defensive favourites
Having held its own for most of the week, the top shares index finished down on the week, laid low by fears over a UK exit from the European Union
"It is clear that there has been a big shift in sentiment around the Brexit over the past 10 days," said IG market analyst Joshua Mahoney.
Investments and investor services
All but two of the top-share index's constituents were in the red
Investments and investor services
Miners kept the FTSE 100 Index in positive territory on Thursday
Sympathy may be in short supply for Atlas Mara, the company co-founded by former Barclays boss Bob Diamond.
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It follows reports that former Barclays boss Bob Diamond was interested in acquiring the African banking business, via the Atlas Mara vehicle.
London markets recovered from a lacklustre start and were pushing on
“Results were substantially better than we or consensus had forecast, driven primarily by higher revenues,” said UBS.
After investors fell over themselves on Tuesday to applaud Standard Chartered, Barclays and its performance comes into sharp focus on Wednesday.
A consortium backed by former Barclays boss could buy the bank's African business
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Some broker upgrades and downgrades on the day....