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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
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Wednesday’s most followed – Barclays, Budget, house prices, Eurasia Mining and Greece

Barclays, the Budget and Greece were unsurprisingly big topics in web world today.

Barclays, the Budget and Greece were unsurprisingly big topics in web world today.

Also in the frame was tube strike news and house prices.

Banking titan Barclays (LON:BARC) headed up Footsie early on, up 3.15%, as shock news emerged that its chief executive had been ousted,

Antony Jenkins left with a senior independent director citing the need for a “new set of skills” to drive the business forward. He will be replaced on a temporary basis by chairman John McFarlane, who has only been in his current role since April.

The contents of Chancellor Osborne's red case will be closely scrutinised - but not today, when everyone will just be jumping on the soundbite take-aways. Still, sweeping welfare cuts and income tax changes look like they are on the way.

In Greece, not quite yet a full blown tragedy - the can has been punted or weakly shunted a little further down the road, with Athens having been given till Sunday to reach agreement with its bailout creditors.

It comes after yesterday's emergency summit yet again failed to reach a compromise.

In company news, Eurasia Mining (LON:EUA) was London's biggest riser, up 40%, as the group revealed it had now been granted a milestone mining licence for the West Kytlim project in Russia. Shares were then suspended following a sharp rise in early deals.

The biggest laggard was Azonto Petroleum (LON:AZO). down 45% after last night revealing it was planning to dispose of its main asset - a 35% stake in Vioco Petroleum to Vitol E&P and cancel the group's AIM listing.

Three may be a magic number but £200,000 is also - if you're looking to buy a home in the UK that is. The average house price here has now breached the £200,000 mark, according to latest data from Halifax.

Lets hope Mr Osborne is not getting a tube into Westminster as commuters are set to experience major transport disruptions from today, it also emerged

Union’s members are striking ahead of the launch of the 24-hour Tube in September.

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