US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.

British banking giant Barclays promised to revamp its entire business earlier this year. + While U.K. consumers continued to shift cash into accounts that paid higher rates, deposit migration slowed.

A slate of strong earnings and a potential megadeal helped drive the U.K.'s FTSE 100 index to another record close. In mainland Europe, Deutsche Bank shares rallied after Germany's biggest lender posted better-than-expected profit, fueled by its investment-banking business.

Barclays (BCS) records y/y lower credit impairment charges in the first quarter of 2024.

Barclays posts profit before tax of £2.28bn for the three months to end March (Q123: £2.59bn) with the decline in profits reflecting margin pressure

The FTSE 100 outperformed against its European and US peers on Thursday, hitting a new high for the third session in a row.

Barclays reported a 12% fall in first quarter profit as mortgage lending and deposits dipped.

The bank reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12% from last year.

Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.

Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade. The British bank reported pretax profit for the January-March period of 2.3 billion pounds ($2.84 billion), down from 2.6 billion pounds a year ago and narrowly above analysts' forecasts for 2.2 billion. Barclays is bidding to restore investor faith in...