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Barclays profits boosted by cost cutting plan


By Michael Griffiths

Barclays has reported a pre-tax profit of £9.1bn in its latest annual figures, a result up from £8.1bn last year, as the bank outlined plans to invest in AI over the next three years.

As part of a cost reduction effort via increased investment in technology, the bank also revealed it intends to redistribute £15bn to shareholders by 2028


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AstraZeneca records revenue growth in all regions

AstraZeneca has recorded total revenue growth in all geographic regions in its full-year results

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UK’s venture capital funding market faced ‘challenging’ 2025

The UK’s venture capital (VC) funding space faced a challenging environment in 2025, GlobalData has stated, with dealmaking momentum slowing both in terms of volume and value

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Dunelm marks ‘solid’ H1 trading

Dunelm has described its trading in the 26 weeks to 27 December as "solid", despite operating in a challenging environment

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NatWest acquires Evelyn Partners in £2.7bn deal

NatWest has reached an agreement to acquire wealth manager Evelyn Partners in a deal worth £2.7bn

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Centrica raises £80m through European business disposals

Energy company Centrica has confirmed the sale of several European non-core businesses to raise over £80m

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Ocado set to cut 1,000 jobs in cost reduction plans

Ocado Group is drawing up restructuring plans that could see the retail technology firm put up to 1,000 jobs at risk

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47% of corporate finance leaders to prioritise AI in next 18 months

Forty-seven per cent of finance teams within corporates will prioritise the adoption of artificial intelligence (AI) within the coming 18 months, according to a study by AccessPay

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Wynnstay surpasses upgraded expectations in full year

Wynnstay Group has described its results for the year to 31 October as a “strong operational and financial performance”, as it beat profit expectations

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Rio Tinto and Glencore walk away from £190bn deal

Rio Tinto has announced it is no longer considering a possible merger with Glencore, after the two firms held discussions over a £190bn deal to create the world’s largest mining company

BT reports revenue dip in Q3

BT has reported a 4% dip in revenue to £4.98bn in its latest Q3 results, as the telecoms giant cited service revenue declines, lower equipment revenue, and a slowdown in handset trading
Vodafone shares drop after Q3 update

Shares in Vodafone fell by over 7% after its operating profit dropped by 52.7% year-on-year to €500m in Q3
Bank of England holds base rate at 3.75%

The Bank of England (BoE) has announced it will hold interest rates at their current level of 3.75% in its first base rate vote of the year


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