Barclays reported third-quarter profit of £2.3 billion on 22 October 2026, up 12% year on year but below analyst expectations. The bank said it plans to cut around 5,000 jobs, about 5% of its workforce, using technology including AI to reduce fixed costs. Equities TradingTaking positions over a shorter horizon to capture price movement. The work is managing risk and decisions, not simply being right.Read More revenue rose 47%, while fixed-income trading revenue fell 19% to £1 billion.
Barclays reportedly plans to cut around 5,000 jobs as part of its cost-reduction strategy, despite recording a 12% increase in third-quarter profit. The proposed restructuring highlights the bank's focus on improving efficiency and profitability amid changing MarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More conditions. Investors are monitoring the potential impact on operating costs, future earnings and the bank's LongA position that benefits if price rises. Think: buy first, then hope the market climbs.Read More-term growth strategy.
