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Mortgage rates across the UK have steadily climbed this week as several major lenders upped prices following a run of reductions in recent months. According to Moneyfacts, average two-year fixed mortgage rates increased every day this week.
Lloyds Banking Group PLC (LSE:LLOY) and Barclays PLC (LSE:BARC) have followed NatWest in hiking mortgage rates, despite expectations that Bank of England will lower borrowing costs over the next two months. From tomorrow, Halifax, the UK's biggest mortgage lender and part of FTSE 100-listed Lloyds, will raise increases on two-year and five-year fixed mortgages by between 0.11% and 0.24%.
Tesla, fresh from showcasing its robotaxi, reports earnings next week and analysts at Barclays are calling for a better-than-expected financial snapshot.
While interim results from Whitbread PLC (LSE:WTB) saw profits fall more than expected, Barclays said the updated five-year plan meant there were more positives than negatives in the numbers. Adjusted profit before tax from the FTSE 100 hotels group fell 13% to £340 million, which was below the £350 million consensus forecast and is likely to lead to a 2-4% reduction on full-year PBT cut by the City today, even if there are more cost savings than expected, analysts at Barclays said.
UK growth will come from loosening restrictions, according to Barclays CEO C.S. Venkatakrishnan.
Barclays US Consumer Bank will become the exclusive issuer of General Motors' GM Rewards Mastercard and GM Business Mastercard in the United States in the summer of 2025 and will acquire the card program's receivables from the current issuer — Goldman Sachs — next year.
Adrienne Yih, Barclays analyst, joins 'Squawk Box' to discuss the new leadership team at Nike, the challenges facing new CEO Elliott Hill, and more.
The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM's line of electric vehicles.
Barclays PLC (LSE:BARC) is among the top picks in the European financial sector, according to a new research note from JP Morgan (JPM). It highlights Barclays and Deutsche Bank (DBK) as key players set to benefit from trends in investment banking seen in the recent results from the US.
General Motors and Barclays have signed a long-term credit card partnership agreement, the companies said on Monday.