Barclays PLC
Europe stocks slide 2%, extending losses after weaker-than-expected U.S. jobs report
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession. The regional Stoxx 600 index shed as much as 2.3% […]
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UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households […]
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Apple set to report fiscal third-quarter earnings after the bell
Apple’s third quarter, which ends in June, is traditionally the company’s slowest quarter of the year by sales. This year, the “main event” won’t be Apple’s earnings, wrote Barclays analyst Tim Long, it’s what the company says about the September quarter, which is nearly one-third over. Here’s what Wall Street expects from Apple, according to LSEG […]
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Stocks making the biggest moves before the bell: McDonald’s, Tesla, Stellantis and more
Check out the companies making headlines in premarket trading. McDonald’s — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . McDonald’s also said its same-store sales — a key metric for restaurants — declined broadly. Revvity — Shares gained 6% after the life sciences […]
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‘Rate cut winners’: Barclays names global stocks to buy when interest rates are cut
Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The investment bank’s analysis comes as financial markets anticipate a shift in monetary policy, with potential implications for various sectors and companies. The European Central Bank and the Bank of England […]
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Stocks making the biggest moves before the bell: Tesla, Broadcom, Dave & Buster’s and more
Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company’s incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly sharing […]
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Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its […]
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Waystar shares slip in Nasdaq debut after digital health company priced IPO in middle of range
Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range. The stock opened at $21 per share, below the IPO price of $21.50 late Thursday. Waystar said its expected price would be between $20 and $23 per share […]
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Digital lender Monzo posts 1st entire year of gain immediately after a lot more than doubling earnings
A Monzo debit card becoming utilised at a payment terminal. Monzo Monzo, the British electronic challenger bank, on Monday noted its initially entire 12 months of profitability. The fintech startup said in yearly economical effects that its pre-tax profits totaled £15.4 million ($19.6 million) in its 2023-2024 fiscal yr, swinging to the black from a […]
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Taylor Swift’s Eras Tour could give the UK economy a $1.2 billion boost
Taylor Swift performs during The Eras Tour at the National Stadium in Singapore on March 2, 2024. Ashok Kumar | Getty Images Entertainment | Getty Images Taylor Swift’s Eras Tour is set to provide a £997 million ($1.2 billion) boost to the U.K. economy, according to Barclays, which predicts fans will spend an average £848 […]
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