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Why Barclays, The Weir Group, and Monitise Should Lag the FTSE 100 Today

By Alan Oscroft - Apr 18, 2013 at 8:56AM

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Barclays, The Weir Group, and Monitise all wobble.

LONDON -- The FTSE 100 (INDEX: ^FTSE) is picking up today after a gloomy four days of straight losses. After closing on 6,416 points last Thursday, the index of top U.K. shares slid to a close yesterday of 6,244. Today it's up 0.33% to 6,265 as of 8:35 a.m. EDT, but general sentiment still seems bearish -- there's downward pressure on commodity-related shares, with some commentators even predicting a slide back to 6,000.

But which individual shares are underperforming the index today? Here are three that are looking a bit shaky.

Barclays (BARC 1.96%) (BCS 1.42%)
Barclays shares have dipped 0.6% to 289 pence this morning after the high-street bank announced that its investment-banking head, Rich Ricci, is leaving. There had been much speculation that his days were numbered since the arrival of new chief executive Antony Jenkins.

And in a further management shakeup, the bank's head of wealth management, Tom Kalaris, is to retire -- bringing to an end the era of top managers who were close to ex-boss Bob Diamond.

Weir (WEIR 3.45%)
The Weir Group price has dipped 0.4% to 2,127 pence after the engineer extended its presence in the mining and minerals business with a new deal with German firm KHD. Weir has acted as KHD's exclusive agent since 2010, and the new agreement will see Weir taking "direct control over the design, manufacture and distribution of High Pressure Grinding Rolls in minerals processing applications using KHD technology."

On the face of it, it looks like a good move, but maybe bearish sentiment toward commodities is behind the share price fall.

Monitise (MONI)
In another case of apparently positive news presaging a price fall, shares in Monitise have dipped 0.7% to 34 pence this morning on the announcement of "two additions to Visa Europe's Personal Payments mobile service it has helped develop."

A new Multi-Currency facility later in the year should significantly ease international payments, while the Immediate Payments system, launching this week, will allow personal payments to be completed in minutes.

Finally, reliable dividends can more than compensate for the day-to-day ups and downs of share prices. So how about a company that's offering a 5.7% yield and could be set for some nice share-price appreciation, too? It's the subject of our brand-new report "The Motley Fool's Top Income Share For 2013," which you can get completely free of charge -- but it will only be available for a limited period, so click here to get your copy today.

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Stocks Mentioned

Monitise plc Stock Quote
Monitise plc
MONI
Barclays PLC Stock Quote
Barclays PLC
BARC
$156.28 (1.96%) $3.00
The Weir Group PLC Stock Quote
The Weir Group PLC
WEIR
$1,516.00 (3.45%) $50.50
Barclays PLC Stock Quote
Barclays PLC
BCS
$7.84 (1.42%) $0.11

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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