The FTSE 100 has plunged to its lowest point in nine months, following disappointing retail sales figures released earlier on Friday.
FTSE 100 falls for fifth consecutive day
UK stocks commenced the trading day on a weaker note, with the FTSE 100 registering a 0.5% decline in the opening session this morning. This drop was driven by a
Global operations rely on fossil fuels, Barclays leader informs climate activists
Barclays chairman asserts global dependence on fossil fuels amid climate activist disruption at the annual general meeting
According to a warning from Barclays, concerns about the banking industry have driven a stock market exodus valued at £1.2 trillion.
Barclays claims that the recent banking crisis in the US and Europe has caused investors to become more risk-averse.
Coal is king: Mining giant Glencore has made record profits
Mining company Glencore reported a record profit of $34.1bn (£28.2bn) last year, largely driven by its coal and trading divisions.
The FTSE 100 slips after poor Barclays results
Barclays’ fall in yearly profit caused shares to fall, resulting in the FTSE 100 edging lower. However, the index’s losses were partially offset by a drop in the pound, as
Barclays is being probed by the UK financial regulator
According to sources familiar with the matter, the UK financial regulator is investigating Barclays for alleged persistent failures in its compliance system and anti-money laundering systems.
Barclays fined £50m by City watchdog (FCA)
The City watchdog will fine Barclays £50m for failing to disclose hundreds of millions of pounds of fees paid to Qatari companies during an emergency fundraising campaign during the financial
Glencore (LON:GLEN) return extra $4.5 bln to shareholders after record earnings
Glencore, a miner and trader, announced Thursday that it will return $4.5 billion to investors. This includes a $3 billion share buyback. The company reported a record-breaking half-year profit, largely
Barclays’ profits fall as it raises concerns about the cost of living
Profits at Barclays ( BARC.L), dropped by 7% to £2.2bn, as the lender warned of the difficulties that households and businesses will face during the cost-of-living crisis.