Sat.Feb 17, 2024

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U-turn and profits dip add up to tricky sell for Barclays

TheGuardian

With rivals HSBC and Lloyds set to announce healthy earnings, it will to be a tough week for the bank’s boss Barclays chief executive CS Venkat­akrishnan has a tough act to follow. Just days after rival NatWest revealed its biggest profit since the onset of the financial crisis in 2007, the Barclays boss will be delivering much less cheering news: cost cuts, job losses and restructuring plans are all expected to feature in the bank’s first major strategy update in a decade.

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UK savers should pick accounts beating rising cost of living while they can

TheGuardian

Best rates are easy access and notice options rather than ones that lock money away This week’s news that inflation stayed steady at 4% in January means it is still possible to put your money in a savings account with an interest rate that beats the rising cost of living. Returns on fixed-rate savings accounts have been falling, but, so far, variable rate deals have remained unchanged.

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