Barclays shares jump after Goldmans upgrades bank to 'buy'

Shares in Barclays led the FTSE 100 leader board today as investors reacted to an upgrade from Goldman Sachs.

Shares in the bank - which have been through the wars this year after the group was found guilty of manipulating LIBOR rates, resulting in the departure of most of the senior management - were up 10.6p or 4.5% today at 244.75p. They have rallied sharply from the lows seen during the LIBOR crisis which engulfed the bank in the summer, when they fell to 147p, but today analysts at Goldman Sachs said there is more to come from the bank. Analysts upgraded the bank to a 'buy', on the grounds it could execute a plan next year to give it returns that match the cost of capital. "Against a ...