News & Events zu Barclays PLC (BCS)BCSBarclays PLC

Barclays Expects Over £1.1 Billion Savings in 2027

Barclays earlier said: "In the past two years we have delivered around GBP 0.7 billion of gross efficiency savings annually facilitated by GBP 0.3 billion of SCAs in the prior year, driving positive operating jaws each year. This was our planning assumption for '26 to '28. Having increased this for '26 alone, we expect more than GBP 1.1 billion of gross efficiency savings in '27. These actions involve an expected reduction of circa 5,000 full-time employees. Around 60% of the Group actions relate to support functions, including fewer developers as AI makes our people more productive. Nowhere in the bank is this more relevant than in Barclays UK, where we have taken more structural cost actions than planned in '26."

Tech Stocks Plummet, Tesla Down 3%

Stock futures are tumbling as renewed concerns about the returns on artificial-intelligence investments trigger a broad technology selloff. Oil prices are rising, with Brent crude up nearly 3% to around $112 a barrel and West Texas Intermediate approaching $100, as escalating tensions in the Middle East heighten concerns about disruptions to global energy supplies. The 10-year Treasury yield is easing toward 5.05%, while gold is falling toward $4,073 an ounce as investors reassess the outlook for interest rates and risk assets. Corporate earnings remain in focus. Meta shares are sliding despite strong revenue growth as investors weigh rising AI spending and legal costs, while Tesla is under pressure as its investment plans raise questions about returns.In pre-market trading, S&P 500 futures fell 0.92%, Nasdaq futures fell 1.57% and Dow futures fell 0.50%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Spotifyup 7%Dow Inc.up 4%Lockheed Martinup 4%Procter & Gambleup 2%CSXup 3%DOWN AFTER EARNINGS -Tesladown 3%Meta Platformsdown 2%Lam Researchdown 9%IBMdown 7%Nokiadown 6%America Airlinesdown 4%Blackstonedown 3%Honeywell Technologiesdown 1%Barclaysdown 1%

Company Plans to Return Over £15bn Capital to Shareholders Between 2026-2028

The company said, "2028: Returns: Group RoTE of greater than 14%; Capital returns: plan to return greater than GBP 15bn of capital to shareholders between 2026 and 2028, through dividends and share buybacks. This provides capacity for additional investment and growth, exceeding the level of investment in the current plan; Income: greater than 5% compound annual growth rate 2025-2028; Costs: Group cost: income ratio of low 50s in percentage terms. Cost target includes total gross efficiency savings of greater than GBP 2bn in 2026-2028; Impairment: expect Group LLR of 50-60bps through the cycle; Capital: CET1 ratio target range of 13-14%; IB RWAs of c.50% of Group RWA."