FTSE 100 slumps, but Barclays earns on Brexit reassurance
On Friday, British shares flipped in and out of losses, with traders sifting through corporate earning posts as they obtained word of a tumble in British consumer confidence.
The FTSE 100 earned 0.2%, being worth 6,733.16, thus setting the blue-chip index on track for a 3.5% monthly revenue, marking a second straight monthly soar.
For the week, the benchmark braced for a 0.1% soar, which would extend its weekly winning streak into a sixth week.
As for movers, stocks of Barclays PLC managed to top the FTSE 100 by soaring 4.2%. Meanwhile, the banking heavyweight reassured market participants regarding its course of business in the wake of Great Britain’s Brexit referendum, including an initiative to close non-core assets as soon as possible.
Financial analysts are assured that it’s the right plan for Barclays, and they don’t see any reasons to adjust this stuff in light of the vote by Great Britain the previous month to leave the EU.