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Barclays to cut 5,000 jobs in AI transformation


By Goran Nastic

Banking giant Barclays has unveiled plans to cut around 5,000 jobs this year, roughly 5% of its global workforce, linked to linked to AI-driven efficiency measures, which overshadowed a strong rise in third-quarter pre-tax profit and £500m share buyback

The job cuts are expected to fall mainly on support and operational functions, including technology-related roles


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Sainsbury’s raises profit outlook despite slowing sales growth

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Rentokil launches $200m buyback with CFO stepping down

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LSEG acquires Octus for $3.5bn

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Mobico shares soar after board backs potential takeover

Shares in FTSE 250 transport operator Mobico Group jumped 34% on Wednesday after the company formerly known as National Express revealed it had received a potential takeover approach from a consortium backed by its largest shareholder

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UK mid-market growth hits near two-year high

UK mid-market businesses recorded their fastest growth in almost two years in September, while employment rose at its strongest pace over the same period, according to NatWest

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Ember Infrastructure to take Ashtead Technology private in £505m deal

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Musk considers Tesla/SpaceX merger

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Wickes lifts sales growth on strong Q3

Wickes shares rose on Tuesday after the home improvement retailer reported accelerating sales growth in the third quarter and reaffirmed its full-year profit expectations

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Halfords warns of slower second half

Shares in Halfords fell despite strong first-half sales growth after the retailer stopped short of issuing a further profit upgrade, disappointing investors who had bet on continued momentum following a strong summer trading period

Genuit shares sink after warm weather triggers profit warning

Building products manufacturer Genuit Group shares slumped after the FTSE 250 firm cut its 2026 underlying operating profit forecast to £84m, as unseasonably warm weather and weak demand hit its heating businesses
Bay Capital agrees £40m biotech deal

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Great Places Housing begins search for new CFO

Great Places Housing Group has started the search for a new chief financial officer after Mike Gerrard announced plans to leave the housing association for a role outside the sector


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