Barclays revenue lifted by dealmaking frenzy – reside updates

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Barclays revenue lifted by dealmaking frenzy – reside updates



Good morning. 
We kick the day without work with third-quarter outcomes from Barclays – the primary main UK lender to publish its outcomes for the interval.
Total, it is a optimistic set of figures for the financial institution, which has posted income and revenue forward of analyst expectations. It is also a document revenue for the primary 9 months of the 12 months.
The driving pressure behind the figures is Barcalys’ funding banking division, which cashed in on a booming offers market. This helped offset decrease income from fastened earnings buying and selling.
5 issues to begin your day 
1) Whitehall mulls meat tax Customers may face increased meat costs to assist the atmosphere, in keeping with tax solutions.
2) Metropolis banks on tax minimize for post-Brexit increase Chancellor is ready to scale back earnings levy within the Finances to assist bankers combating to retain dominance over EU.
3) Fb boss Zuckerberg plans rebrand The makeover may create a brand new father or mother firm however retain the Fb identify for its social media app.
4)  Elon Musk to grow to be world’s first trillionaire Analysts made the declare as his electrical automobile maker Tesla raced to a document quarter
5)  The Brit charged with bringing Burberry again in style Burberry has poached the boss of Versace to drive its transformation right into a higher-end luxurious model.
What occurred in a single day 
Most Asian markets rose Thursday following one other sturdy Wall Avenue lead. The advances filtered by way of to most of Asia with Sydney, Singapore, Seoul, Taipei, Manila and Jakarta extending the week’s rally, although Tokyo and Wellington dipped. Hong Kong swung out and in of optimistic territory and embattled Evergrande tanked greater than 12pc because it resumed buying and selling following a 17-day suspension.
Arising at the moment
Company: Volution (full-year), Barclays (interim), AJ Bell, Rentokil Preliminary, Anglo American, Spectris, Renishaw, Relx, Vivo Vitality, Dechra Prescription drugs, St James’s Place, Unilever (buying and selling replace)
Economics: Authorities borrowing (UK), shopper confidence (UK, EU), jobless claims (US)



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