Gold Price Rises, Barclays Shares Fall

Mining and retail stocks have made significant gains, but disappointing full-year results from Barclays has meant the bank's share prices has fallen

Alliance News 11 February, 2014 | 11:36AM
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Stock indices have made strong gains Tuesday morning, led higher by the mining and retail stocks, on the back of rising precious metal prices and strong bumper retail sales data. Meanwhile Barclays leads the blue chip fallers after reporting its full-year results.

An unexpectedly strong report on UK retail sales has boosted retailers. The British Retail Consortium sales monitor recorded 3.9% year-on-year sales growth in January, smashing expectations of 0.8% and recording the strongest sales growth since March 2010.

Barclays (BARC) is in focus again Tuesday. Having made headlines due to a data breach at the weekend and by pre-releasing its headline profit figure on Monday, the bank leads the FTSE 100 fallers after reporting its full results. The headline profit was already known from Monday's announcement, but there has been some disappointment on cost cutting, according to analysts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barclays PLC199.46 GBX-1.65Rating

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