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US initial jobless claims fell to 219,000 this week, easing slightly. The decline suggests the labour market remains resilient amid uncertainty over growth and Federal Reserve policy, though economists caution that underlying hiring momentum remains subdued and structural pressures may be building across key sectors.
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Barclays now expects the ECB to hold rates through the end of 2026. The bank revised its earlier forecast of a December 2025 cut following the ECB’s decision to maintain its key rate at 2%. The move underlines the central bank’s view that policy is “in a good place”.
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Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Net Purpose acquires SDI AOP to unify sustainable investment standards. The acquisition aims to enhance sustainable investing by creating a unified standard that accelerates investments aligned with climate and Sustainable Development Goals, leveraging the expertise of major pension asset managers….
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Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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GoodData has unveiled new AI-native data intelligence tools. The composable platform brings audit-ready automation and governance to banks, insurers, and financial institutions, combining regulatory compliance with scalable innovation across core financial operations.
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GSK lifted its 2025 sales forecast after a strong third quarter. Specialty medicines drove the increase, with double-digit gains across HIV, oncology, and respiratory treatments boosting overall revenue. The company now expects annual growth of 6–7 per cent, reflecting continued momentum in higher-margin therapies and a robust launch pipeline.
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Smart data transforms revenue operations in the subscription economy. Lindsey Meyl, Vice President of Revenue Operations at iManage, explains how businesses shifting from acquisition-focused funnels to recurring growth models must rethink how data informs every stage of the customer lifecycle, using AI-powered insights to drive sustainable performance.
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Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.
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UK’s National Wealth Fund must accept failures as the cost of risk. Lawmakers have warned that avoiding failure would undermine its purpose, urging ministers to allow the fund to operate independently and take bolder investment decisions to unlock private sector capital across the economy.