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The Latest Breaking News from Barclays

New survey reveals extent of ‘surge pricing’ trend in UK

’Surge pricing’ means customers are charged higher prices when they need the item the most

The Independent UK

Britons cut back on eating out and takeaways to save for festive splurge

Credit card spending figures show shift towards saving as retailers report dip in visits

The Guardian - UK

Almost half of consumers have noticed ‘surge pricing’ at busy times – survey

Some 47% have noticed a growing trend of retailers adjusting their prices in response to supply and demand, Barclays found.

The Independent UK

From analysis to the latest developments in health,
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Scams: six of the most common tricks – and how to avoid them

Steps you can take to detect fake retail websites, missed-delivery texts and other swindles

The Guardian - UK

‘I lost £240,000’: UK fraud victims share their stories

Scammers stole more than £1.2bn from UK consumers in 2022. We speak to victims of fraud – and give tips to avoid being duped

The Guardian - UK

Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks

Morgan Stanley, Barclays, and Bank of America have agreed to what's known as a joint "sell-down letter," which prevents any member of the pact from selling off their X debt on the cheap without including the other members.

Fortune

JPMorgan’s top strategist warns stocks could be about to plummet 20%. ‘I’m not sure how we’re going to avoid’ a recession

“The upside versus downside in stocks is not that great,” according to Marko Kolanovic.

Fortune

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Six high-street banks given ‘red’ warning over eco policies, Which? reveals

JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were criticised by the consumer champion.

The Independent UK

Behind the scenes takes from Day 1 of the biggest trial in business

Fortune reporter Ben Weiss details the beginning’s of Sam Bankman-Fried’s criminal trial.

Fortune

Weight-loss drugs like Ozempic have so much promise a major bank is telling investors to short junk food stocks

Barclays strategists expect "disruption into a number of industries," thanks to drugs like Novo Nordisk's Ozempic and Wegovy.

Fortune

7 ski insurance options to cover you on the slopes

From annual insurance to one-trip coverage, these policies offer protection when on the snow

The Independent UK

Tesla Wages To Go Up In The Wake Of UAW Strike, Barclays Predicts

Barclays analyst Dan Levy said Tesla workers' wages would probably rise if the UAW strikes a deal with Ford, General Motors, and Stellantis.

InsideEVs

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

Exclusive: Pan-European investigation looked at thousands of transactions since Paris climate agreement in 2016

The Guardian - UK

Union slams ‘unnecessary and unjustified’ decision as Barclays set to cut more than 450 jobs

The cuts represent around 1% of Barclays’ UK workforce

Evening Standard

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Fortune

Jamie Dimon isn’t ready to feel good about the economy yet: ‘We’ve been spending money like drunken sailors’

"I think the uncertainties out in front of us is still very large and very dangerous."

The Guardian - UK

Barclays seeks climate director after protests over fossil fuel finance

Communications role follows year in which campaigners targeted bank over environmental stance

Barchart

Weakness in Apple Weighs on Tech Stocks and Drags Broader Marker Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.73%. Stocks on Thursday settled mixed, with the S&P 500...

The Guardian - UK

Daily Mail owner looks to Middle Eastern backers over Telegraph bid

Lord Rothermere is second potential suitor to turn to oil-rich region for financial support

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Barchart

Stocks Lower as Weakness in Apple Weighs on Tech Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.45%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.83%. Stock indexes this morning are mostly lower, with the...

Evening Standard

Consumers call out ‘skimpflation’ across supermarket food and drink quality

More than half of shoppers have noticed that ‘skimpflation’ has lowered the quality of some supermarket food and drink products, a poll suggests

The Guardian - UK

Oil hits $90 per barrel as Saudi Arabia and Russia extend production cuts; UK business activity falls – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits its highest level of 2023

The Independent UK

Supermarket food and drink quality is worsening, say shoppers

More than half of shoppers have noticed that ‘skimpflation’ has lowered the quality of some supermarket food and drink products, a poll suggests.

The Guardian - UK

Retailers look on sunny side as holidaymakers splash out

Sales of health and beauty products help high street stores bounce back after a disappointing start to the summer

The Independent UK

Consumers call out ‘skimpflation’ in quality of supermarket food and drink

More than half of shoppers have noticed that ‘skimpflation’ has lowered the quality of some supermarket food and drink products, a poll suggests.

Fortune

Want to earn more on your savings with a global bank? Barclays’ CDs and high-yield savings accounts have APYs that top 4%.

While Barclays has limited account options, they post above-average rates on deposit products like savings and CD accounts.

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