Money Minute Friday 25 October: Banking results and German sentiment
Today's Money Minute looks at third-quarter results from Barclays bank and advertising giant WPP, plus German consumer and business sentiment.
In the UK, third-quarter results are due from Barclays bank.The bank is expected to reveal an increase in profits across the board. Its investment banking arm will be under particular scrutiny, having been targeted by activist investor Edward Bramson earlier this year.
In common with other UK bank, Barclays' share price has rallied strongly in the last month or so, as hopes rise that a disruptive Brexit can be avoided.
We'll also get a trading update from advertising giant WPP this morning.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Meanwhile, over in the eurozone, we'll be getting snapshots of German consumer confidence, and then German business sentiment.The monthly Ifo survey looks at how businesses feel about the outlook for the German economy. Right now although we can't be 100% sure until third quarter GDP figures come out Germany is likely in recession.So the sentiment reading will almost certainly be relatively weak.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Is the stock market open on New Year?
We look at the stock market opening hours on New Year’s Eve and New Year’s Day
By Oojal Dhanjal Published
-
Is Europe gearing towards a relief rally in 2025?
Despite turmoil in France and Germany, Europe's stock markets could see a potential relief rally next year
By Alex Rankine Published
-
Edward Bramson: the quiet activist barging into Barclays
Profiles Edward Bramson may have failed to secure a seat on the board last week, but past form suggests his Sherborne investment fund will soon be back to shake things up.
By Jane Lewis Published
-
Barclays is a strange beast – here's how to make it work
Opinion Barclays is a weird hybrid creature, says Matthew Lynn. But an activist-led shake-up could turn it into a decent bank.
By Matthew Lynn Published
-
Barclays goes on trial
Features Four former banking executives have been charged with fraud over the bailout of Barclays by Qatar in 2008. Will the trial really be in the public interest? Simon Wilson reports.
By Simon Wilson Published
-
Barclays’ snooping scandal
Features Jes Staley, Barclays’ chief executive, tried to unmask the identity of a whistleblower. Bad move, says Ben Judge.
By Ben Judge Published
-
How Amanda Staveley helped save Barclays – and is now suing it for £1bn
Profiles Dealmaker Amanda Staveley was instrumental in helping to get Barclays out of its funding hole. But now she wants her share of the cash.
By moneyweek Published
-
Barclay brothers: From humble beginnings to a billion-pound fortune
Profiles The recent high-profile resignation of a Daily Telegraph journalist has sent shockwaves through the Barclay brothers' business empire.
By moneyweek Published