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Barclays plans 5,000 job cuts despite rising quarterly profit
Read the full story: Barclays plans 5,000 job cuts despite rising quarterly profitBarclays plans major workforce reductions while quarterly banking profits rise. Around 5,000 positions are expected to go during 2026, but approximately 1,000 had been removed by mid-year.
Latest stories —
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Government consults on revised fire and rehire code
Ministers are consulting on revised rules governing fire and rehire.…
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UK spinout funding rises as investment in newcomers falls
University spinout funding increased while early stage investment contracted sharply.…
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LSEG agrees $3.535bn acquisition of credit data specialist Octus
LSEG has agreed to acquire specialist credit intelligence provider Octus.…
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Employers face tougher protections against pregnancy dismissals
Employers face new dismissal restrictions protecting pregnant workers and mothers.…
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Hercules expects annual revenue above £130m
Hercules expects annual revenue growth across British infrastructure service divisions.…
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Manufacturing input costs rise as producer inflation accelerates
Manufacturers faced steeper input prices as industrial inflation accelerated again.…
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GSK gains US approval for hepatitis B treatment
GSK secured US approval for its new chronic hepatitis treatment.…
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Azoma announces $11.2m AI shopping funding
Azoma raised funding to develop artificial intelligence shopping optimisation technology.…
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Novatech wins Proxmox Gold accreditation
Novatech gained Proxmox Gold accreditation amid mounting virtualisation licensing scrutiny.…
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MS International secures £29.7m German naval order
British manufacturer secured German naval equipment contract covering twelve systems.…
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Leadership —
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Thames Water creditors nominate Lord Hutton as chair
Thames Water creditors have selected a prospective independent board chairman. Lord Hutton would take up the position only if the consortium’s proposed recapitalisation and approvals proceed.
