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ZipRecruiter Appoints Carmen Chan as CFO
ZipRecruiter (ZIP) announced the appointment of Carmen Chan as Chief Financial Officer, effective August 17, 2026. As of the date that Chan assumes the CFO role, Dave Travers will continue his role as President of ZipRecruiter, but will no longer serve as the interim Chief Financial Officer. Chan joins ZipRecruiter from Barclays (BCS), where she served as Managing Director
U.S. Stock Futures Mixed as Investors Brace for Earnings Season
Stock futures are mixed this morning as investors brace for a pivotal stretch of earnings and the start of the Federal Reserve's two-day policy meeting, with renewed concerns over artificial intelligence spending and rising competition from Chinese chipmakers weighing heavily on technology shares.The semiconductor sector remains under intense pressure after a broad selloff spread across Asia overnight. South Korea's KOSPI plunged nearly 10%, triggering market-wide circuit breakers, as shares of SK Hynixand Samsung Electronicstumbled on concerns about memory chip pricing, AI infrastructure spending and increased competition from Chinese rivals. The weakness has spilled over into U.S. markets, with chip stocks trading lower in premarket action.Investors are also preparing for one of the busiest weeks of the earnings season. Microsoftand Meta Platformsreport Wednesday, followed by Appleand Amazonon Thursday. After Alphabetand Teslaraised fresh questions last week about the cost of AI investments, markets will closely examine whether continued multibillion-dollar capital expenditures are translating into sustainable revenue growth, cash flow and returns.The Federal Reserve begins its July policy meeting today, with markets focused less on the expected interest rate decision and more on guidance from Fed Chair Kevin Warsh following Wednesday's announcement.Oil prices continue to retreat as diplomatic efforts to preserve the ceasefire between the United States and Iran ease concerns over disruptions through the Strait of Hormuz. The decline in crude has helped temper inflation worries, although it has done little to offset the broader weakness in technology shares.In pre-market trading, S&P 500 futures rose 0.14%, Nasdaq futures fell 0.62% and Dow futures rose 097%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Johnson & Johnsonup 2% after reaching an agreement for a resolution of the remaining talc litigation with the plaintiff firms leading the federal multi-district litigation and related state court proceedingsUP AFTER EARNINGS -Sherwin-Williamsup 6%Applied Digitalup 4%Coca-Colaup 4%GSKup 1.3%PayPalup 2%Cadence Designsup 4%Boeingup 1%DOWN AFTER EARNINGS -UPSdown 2.2%Corningdown 16.3%Amkor Technologydown 11.3%Barclaysdown 6.3%Noble Corp.down 6.5%Hiltondown 3%Royal Caribbeandown 1%
Barclays Plans to Return at Least £10B Capital Between 2024 and 2026
Capital returns: plan to return at least GBP 10B of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks; Progressive increase in total capital returns versus 2025; Share buybacks announced quarterly; Dividends to be paid semi-annually, including planned GBP 2B dividend for 2026. Income: Group total income of c.GBP 31.5B; Group NII excluding IB and Head Office greater than GBP 13.7B and Barclays UK NII around the middle of the GBP 8.1B - GBP 8.3B guided range. Costs: Group cost: income ratio of high 50s in percentage terms. Impairment: expect Group LLR to be around the top of the 50-60bps through the cycle range. Capital: CET1 ratio target range of 13-14%; IB RWAs mid 50s% of Group RWAs; Impact of regulatory change on RWAs in line with prior guidance of c.GBP 19-26B; c.GBP 8-15B RWAs from Basel 3.1, with implementation expected from 1 January 2027; c.GBP 11B RWAs from USCB moving to an Internal Ratings Based model, subject to portfolio changes and regulatory approval, expected in H2 2027; Expect Pillar 2A capital to reduce upon implementation of Basel 3.1 and USCB IRB.
Plan to Return Over GBP 15B to Shareholders Between 2026 and 2028
Capital returns: plan to return greater than GBP 15B 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 2B 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 RWAs
Barclays Group Pre-Tax Profit Reaches £3.3B with RoTE of 16.1%
Group RoTE was 16.1% with profit before tax of GBP 3.3B. Group income of GBP 8.3B increased 16% year-on-year. Group NII excluding IB and Head Office was GBP 3.4B, up 10% year-on-year; Barclays UK income increased 7%, as higher structural hedge income was partially offset by retail deposit dynamics and mortgage margin compression; Barclays UK Corporate Bank income increased 8%, reflecting higher average deposit and lending balances, and higher structural hedge income; Barclays Private Bank and Wealth Management income increased 5%, reflecting growth in client balances, partially offset by the impact of deposit mix; Barclays Investment Bank income increased 20%, driven by Global Markets and Investment Banking fees; Barclays US Consumer Bank income increased 38%, driven by portfolio changes including a c.GBP 225M gain from the sale of the American Airlines co-branded credit cards portfolio and the impact of the Best Egg acquisition. Group total operating expenses were GBP 4.5B, up 7% year-on-year. Group operating costs increased to GBP 4.5B, reflecting business growth, inflation and further investment spend, partially offset by c.GBP 200M of cost efficiency savings. Credit impairment charges were GBP 0.6B with an LLR of 51bps. Reports CET1 ratio 14.3%. C. S. Venkatakrishnan, Group Chief Executive, commented "I am pleased with another strong quarter for Barclays. Income for Q226 is GBP 8.3bn, up GBP 1.2bn from the same quarter last year. Profit before tax is GBP 3.3B, up 31% in the same period. Our earnings per share has increased 43% to 16.7p, and our cost: income ratio improved to 54% from 59% a year earlier. We have a robust common equity tier 1 ratio of 14.3%, above our 13% to 14% target range. We also delivered a RoTE of 16.1%. We continued deploying balance sheet in the UK, with year-on-year loan growth of 5%, and the Investment Bank performed well in a favourable environment, with aRoTE of 16.0%. Our performance supports distributions of GBP 2.3B for the first half of 2026, up 61% year-on-year. This includes a GBP 1B buyback and a c.GBP 0.8B dividend announced today. We are upgrading the 2026 Group income target to c.GBP 31.5B and remain committed to, and confident in, delivering all financial and distribution targets for 2026 and 2028."
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