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22.10.26 - 13:42
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Barclays to Cut 5K Jobs, AI Trade Stumbles After Tech Earnings (Bloomberg)
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Barclays said it's cutting 5,000 jobs as part of an effort to reduce costs, adding that artificial intelligence is starting to create efficiency. That would affect about 5% of the bank's employees, according to a presentation on Thursday. Barclays employed about 93,000 people globally at the end of 2025.
Stocks fell as megacap earnings failed to reassure investors about the rebound in the artificial intelligence trade, Chinese equities neared a bear market and escalating Middle East tensions drove oil prices higher.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)...
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22.10.26 - 08:54
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Barclays profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live (The Guardian)
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French risk premium over German bonds widest since 2011 as oil prices climb above $111 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Barclays' profits jumped in the last quarter and it handed more cash to shareholders as further bank taxes looms in John Healey's budget next Wednesday.I am pleased with the ongoing momentum of Barclays' operational and financial performance.With one quarter to go before the end of our original three-year plan, we have either achieved or are on track to achieve all of our 2026 group targets. We are confident in and committed to the 2028 targets that we laid out earlier in the year.A UK bank tax risk is now a base case. If it is confirmed on 28 October, it'll be the size and timing that will be key. If Healey does go ahead, shares of Lloyds and NatWest, which are almost entirely exposed to the UK, would likely be impacted most, and you are seeing this already in the share price reaction today. Barclays i...
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22.10.26 - 06:06
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Barclays′ Rajadhyaksha on Global Market Outlook (Bloomberg)
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Ajay Rajadhyaksha, Global Chairman of Research at Barclays, discusses his outlook for investing in global markets. He speaks with Haslinda Amin on the sidelines of the Barclays Asia Forum on "Bloomberg: The Asia Trade". (Source: Bloomberg)...
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09.10.26 - 00:18
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Barclays′ Lauren Lieberman on PepsiCo Earnings (Bloomberg)
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Barclays US Equity Research Analyst Lauren Lieberman said PepsiCo's positive share-price reaction was less a sign of broad optimism than a rebound after a period of weakness. She viewed the company's acknowledgment that the status quo is not working—and that changes are needed—as the day's biggest surprise, while its lowered full-year expectations were widely anticipated. She speaks with Romaine Bostick & Jess Menton on "The Close." (Source: Bloomberg)...
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