Did Barclays results push FTSE 100 lower? | UK Market Updates

The London markets traded in the red zone as investors were waiting for fresh catalysts. FTSE 100 traded lower by around 1.15% after the results from Barclays pushed banking stocks lower. As measured by Bank of England CHAPS payment data, the debit and credit card spending had dropped by 28% for the week ended on 11 February 2021 as compared to an equivalent period of 2020.

Moneysupermarket.com Group had reported an 11% decline in its revenue and a 27% drop in profit after tax during FY20 due to adverse impacts of Covid-19 pandemic.

Greeting card and gifting platform Moonpig Group shares surged by approximately 3.55% after the Company had reported its strongest ever trading week in the Group’s history.

British lender Barclays shares dropped by around 5.00% after it had reported a 38% drop in its full-year profit. The Company also announced a dividend payment of a pence per share and share buyback programme worth around 700 million pounds.

Mining group Hochschild Mining had ended 2020 with a net cash position for the first time in last eight years driven by higher precious metal prices. Shares of HOC went down by around 0.09%.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.