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Barclays eyes up to 900 job cuts in Britain - union
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +1 min
Barclays Bank logo is seen in this illustration taken March 12, 2023. A Unite spokesperson said that Barclays (BARC.L) staff were informed of the potential cuts at 1300 GMT. A Barclays spokesperson declined to comment on the number of job cuts, but referred to the bank's announcement alongside its third quarter results last month that it would look to reduce costs. "We are taking a number of actions to simplify and reshape the business, improve service, and deliver higher returns. Venkatakrishnan is racing to boost Barclays' returns ahead of an investor update in February, when he will unveil more details of the cost-cutting plan and how the bank plans to grow income.
Persons: Dado Ruvic, Iain Withers, Lawrence White, Sinead Cruise, Kirsten Donovan Organizations: Barclays Bank, REUTERS, Barclays, Group, Reuters, C.S, Thomson
Would-be Tesla Cybertruck buyers still don't know how much they're spending. Apart from the few remaining details listed and the occasional cryptic tweet from Musk, there isn't much information to tell Cybertruck buyers what they're getting into. Tesla Cybertruck. That makes it even more important to give loyal truck buyers some details to work with. "If you're looking to convert average pickup truck buyers to something different, that's a little harder," Fiorani said.
Persons: Tesla, , Elon, It's, Musk, Cybertruck, William Huston, he's, Ed Kim, AutoPacific, Sam Fiorani, Fiorani Organizations: Service, Ford, Chevrolet, Toyota, AutoForecast Locations: San Francisco
Alanna Barron captured the moment her mom tried to fend off a refrigerator purge over Thanksgiving. There was an 8-year-old bottle of sesame oil that Barron's mom argued was fine. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . All in all, Barron told BI nearly two dozen items were trashed.
Persons: Alanna Barron, , Tyler, they're, Barron, we've Organizations: Service Locations: Los Angeles
REUTERS/Aly Song/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - M&G Real Estate (MNG.L) forecasts it is "a matter of time" before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates. "We are in a new period of real estate investment that will require a new mindset," he told Reuters before the publication of the firm's Global Real Estate Outlook on Tuesday. Nearly 40% of outstanding British commercial real estate loans are due to mature in 2024 and 2025, where average real estate values have fallen by over 20% since mid-2022, the report said, citing data from Bayes Business School. "Real estate debt is becoming an increasingly attractive investment proposition," Pellicer said. U.S. office-based working is at only 50% of pre-pandemic levels, the report cited real estate services firm JLL (JLL.N) as estimating, while numbers in Europe have recovered to 75%.
Persons: Aly, Jose Pellicer, Pellicer, G, Carolyn Cohn, Sinead Cruise, Alexander Smith Organizations: REUTERS, G, Reuters, Bayes Business, Thomson Locations: Shanghai, China, Germany, Sweden, Europe, United States, Asia
Barclays strategic fix will entrench low valuation
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 28 (Reuters Breakingviews) - Barclays (BARC.L) is looking for a valuation cure. Cutting into the investment bank and reallocating to the more stable retail operations may look enticing but is hard to do without upending short-term returns. Still, the currently favoured suggestion of cutting less profitable investment bank clients sounds equally tricky, and might only shave at most a tenth off Barclays’ 219 billion pounds of corporate and investment bank risk-weighted assets. At Credit Suisse-inflated UBS (UBSG.S), which trades near book value, investment bank RWAs are 25%. Even getting Barclays’ corporate and investment RWAs back to 50% of the total would involve shrinking them by over a fifth.
Persons: Venkatakrishnan, Aimee Donnellan, Julius Baer’s, Warren Buffett, George Hay, Streisand Neto Organizations: Reuters, Barclays, Barclays ’, Deutsche Bank, Credit Suisse, UBS, X, Thomson Locations: reallocating
She does press-ups, sit-ups, and other exercises six days a week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Six times a week, starting at 7:30 a.m., I make sure I do 90 minutes of exercise. AdvertisementI'll kick things off with 30 minutes on my elliptical machine, followed by 30 minutes on the Peloton.
Persons: Donna Sasse, Sasse, , Jim Theodores, You've, you've, I've, I'm, They've Organizations: Service, Business
Sima Sistani, the 44-year-old CEO of WeightWatchers, is aware of this, and she recognized WeightWatchers had to evolve – or else. She also landed a massive deal to buy a telehealth business that can issue virtual prescriptions to patients for these weight loss drugs. Semaglutide was approved by the US Food and Drug Administration to treat type 2 diabetes as Ozempic, but it was also used off-label for weight loss. Some longtime users of the program feel betrayed by the pivot away from in-person meetings and toward medication-based solutions. “Sadly, they don’t want to do the work,” she said, of tracking food or exercising to achieve weight loss goals.
Persons: New York CNN —, Sima Sistani, WeightWatchers, she’s, Sistani, , ” Sistani, Erica Shroeder, , Jaap Arriens, ” Goldman Sachs, Jenny Craig, Adam Rockmore, Ged, Angela Weiss, Variety Sistani, there’s, Semaglutide, aren’t, “ there’s, Oprah Winfrey, Jamie Yonash, influencers, Velanti, Michael Nagle, We’re Organizations: New, New York CNN, Walmart, CNN, WeightWatchers, Variety, US Food and Drug Administration, Bloomberg, Getty Locations: New York, Cola, Wegovy
A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsNov 27 (Reuters) - Britain's Barclays (BARC.L) is in exclusive talks to buy embattled lender Metro Bank's (MTRO.L) 3 billion pound ($3.74 billion) residential mortgages portfolio, Sky News reported on Monday. Both Barclays and Metro Bank declined to comment. The report comes after Britain's best-known challenger bank announced a 325 million pound capital raise and 600 million pound debt refinancing in early October, in a bid to bolster its finances. Last month, Santander's (SAN.MC) chief executive officer Hector Grisi had said the Spanish bank may consider looking into acquiring a mortgage portfolio from Metro.
Persons: Peter Nicholls, Britain's, Jaime Gilinski, Hector Grisi, Eva Mathews, Anil D'Silva, Shilpi Majumdar Organizations: Barclays Bank, REUTERS, Britain's Barclays, Metro, Sky News, Barclays, Metro Bank, Separately, Reuters, Thomson Locations: London, Britain, Colombian, Metro, Spanish, Bengaluru
British advertised salaries fall but job ads pick up: Adzuna
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
Job search website Adzuna said annual advertised salaries averaged 36,946 pounds ($46,038.41) last month, down 0.4% from September and taking the decline since April to 1.9%. "Falling advertised salaries may not appear to be good news for jobseekers but it does signal that the menace of inflation is finally in retreat," Andrew Hunter, co-founder of Adzuna said. However, online job ads climbed 0.35% to 1.03 million adverts, the biggest month-on-month jump since June, helped by pre-Christmas hiring in sectors such as retail and warehousing. But it is closely watching for signs of inflation pressure in the jobs market. An official measure of vacancies, published earlier this month, showed vacancies hit a two-year low of 957,000 in the three months to October and near record wage growth cooled slightly from in the quarter to September.
Persons: Susannah Ireland, Adzuna, Andrew Hunter, Brexit, Suban Abdulla, William Schomberg Organizations: City, REUTERS, Bank of England, Employers, Thomson Locations: London, Britain
That means these Secretlab Cyber Monday deals are your chance to save big on popular high-quality products we've tested and reviewed. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. Overall, the best Secretlab Cyber Monday deals include:To get the latest on all of the best sales, check out our guide to the best Cyber Monday deals. Keep reading below for more in-depth information on what we consider the best Secretlab Cyber Monday deals. Secretlab Titan Evo gaming chair dealSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”.
Persons: that's, We've, it's, I've, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Evo, Titan Evo, Secretlab Magnus Pro, Secretlab's, Magnus Pro, Tech
The blockbuster diabetes drug Mounjaro is more effective for weight loss than another highly popular treatment, Ozempic, in overweight or obese adults, according to a large analysis of real-world data published Monday. The results come as both drugs and similar treatments approved for weight loss soar in demand in the U.S. for their ability to help patients shed unwanted pounds over time. Previous head-to-head studies have similarly suggested that Mounjaro is more effective than Ozempic for weight loss and controlling blood sugar in adults with Type 2 diabetes. But Monday's study confirms Mounjaro's edge over Ozempic in a real-world setting, specifically among adults who are overweight or obese. Eli Lilly is pitting Mounjaro against Wegovy, a higher-dose version of Ozempic approved for weight loss, in an ongoing clinical trial in obese or overweight patients.
Persons: Eli Lilly, Mounjaro, We've, Nick Stucky Organizations: Novo Nordisk, Truveta Research, Research, Wegovy Locations: U.S
UK's musicMagpie will keep seeking buyers as BT ends talks
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
Nov 27 (Reuters) - MusicMagpie (MMAG.L) said on Monday it will continue to seek buyers after telecoms group BT (BT.L) confirmed it will not make an offer for the British online retailer of used smartphones and electronic products. Shares in musicMagpie fell 19% to a nearly three-month low of 16.35 pence, giving it a market value of just over 17.5 million pounds ($21.81 million). The seller of second-hand DVDs and computer games last week said it was in early-stage talks with BT and Aurelius Group regarding a possible buyout offer. Neither BT or Aurelius provided a reason for dropping out of the takeover talks. As of Friday's close, musicMagpie stock had lost almost 90% of its value since its market debut in April 2021 as a cost-of-living squeeze hurt sales.
Persons: Aurelius Investment, Aurelius, Prerna Bedi, Devika Organizations: BT, Aurelius Group, Thomson Locations: musicMagpie, Bengaluru
Women going through menopause raise concerns about weight and body changes almost as often as they do about hot flashes and night sweats, said Dr. Stephanie Faubion, medical director for the Menopause Society and a director of the Mayo Clinic’s Center for Women’s Health. Some estimates suggest that roughly 70 percent of women gain up to 1.5 pounds per year during the menopause transition, which can last as long as a decade. This weight gain can affect women’s self-esteem and quality of life and can also increase the risk of diabetes, cardiovascular disease and other health issues. Excess weight is also correlated with more hot flashes and night sweats; the Menopause Society recommends weight loss as an effective nonhormonal treatment for those symptoms. Now, some women going through menopause are seeking drugs like Ozempic, despite the steep costs: Without insurance coverage, the drugs can run around $1,000 a month.
Persons: sweats, Stephanie Faubion, , they’re, , “ We’re, Faubion, Daniela Hurtado Organizations: Mayo Clinic’s Center, Women’s Health, Mayo Clinic Locations: United States
The traditional gingerbread White House recreates the classic story by featuring a sugar cookie replica of the book along with Santa's sleigh flying above the grounds. The White House released a fact sheet and was allowing the news media to see all the trees, lights and ornaments before the first lady’s event. National Guard families, who were joining Biden as part of Joining Forces, her White House initiative to show appreciation for military families, will be among the first members of the public to see the decorations. The official White House Menorah is on display in the Cross Hall, which runs between the State Dining Room and the East Room. Seventy-two wreaths sporting red ribbons adorn the north and south exteriors of the White House.
Persons: Jill Biden, , decorators, Fraser, Organizations: WASHINGTON, White, National Guard, Biden, Forces, North American, Disney, Cross Locations: China
REUTERS/George Fre/File Photo Acquire Licensing RightsNov 27 (Reuters) - Overweight or obese adults lost more weight and shed pounds faster using Eli Lilly's (LLY.N) Mounjaro than those taking Novo Nordisk's (NOVOb.CO) popular rival weight loss drug, according to an analysis of health records and other data. After 3 months of treatment, patients on Mounjaro had lost an average of 2.3% more body weight than those taking Ozempic, the study also found. By 6 months, the difference had widened to 4.3%, and by 12 months, the Mounjaro group had lost an average of 7.2% more weight. An Eli Lilly spokesperson said the company does not promote or encourage the off-label use of any of its medicines, although its drug is now approved for weight loss. A trial is underway comparing the weight loss formulations of the two injected medicines in patients overweight or obese but without type 2 diabetes.
Persons: Lilly, George Fre, Eli Lilly's, Mounjaro, Eli Lilly, Nancy Lapid, Bill Berkrot Organizations: Novo Nordisk, Pharmacy, REUTERS, Novo, Thomson Locations: Provo , Utah, U.S
Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. Spanish power giant Iberdrola (IBE.MC) will add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks, it said. France last year overtook Britain as the European country with the highest number of new FDI projects. French President Emmanuel Macron announced 13 billion euros ($14.18 billion)of investment commitments in his country at a similar FDI gathering in May. It wants to deal with one person," investment minister Dominic Johnson told Reuters ahead of Monday's event at Hampton Court.
Persons: Rishi Sunak, Ian Forsyth, Sunak's, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Dominic Johnson, Jeremy Hunt, IFM, William Schomberg, Alistair Smout, Louise Heavens Organizations: Britain's, Nissan, IFM, Microsoft, Britain, Blackstone, Hampton Court, Thomson Locations: Sunderland, Britain, Spanish, Hampton, London, France, Germany, England, British
A mother released from captivity in Gaza with her young son told relatives that they had slept on chairs pushed together. The freed hostages have not spoken directly to the news media and most are still being treated in private areas of Israeli hospitals. Relatives who have spoken or met with some of the released hostages said all seemed to have spent their weeks in captivity totally cut off from the outside world, and to have returned thinner than before. Adva Adar’s grandmother, Yaffa Adar, 85, was among the hostages released on Friday. The Or siblings were taken hostage with their father, Dror, who is believed to still be held in Gaza.
Persons: , , Merav Mor Raviv, Keren Munder, Ohad, Ruth Munder, Ms, Raviv, Keren, Adva, Yaffa Adar, Adva Adar, Roi, Ruth, Avraham Munder, — Noam, Alma, , Yonat, Ahal Besorai, Dror, Besorai, Noam Organizations: Media Central, BBC Locations: Gaza, Israel
Most of the bombs Israel is using in Gaza are exceptionally big, weighing 1,000 to 2,000 pounds. The use of such large bombs on such a small area might only compare to Vietnam or World War II, an analyst said. He said that to find a historical comparison for so many large bombs being used on such a small area, we may "have to go back to Vietnam, or the Second World War." AdvertisementIsrael's aerial campaign appears to be moving too quickly to reduce harm to civilians, Castner said. "They are using extremely large weapons in extremely densely populated areas," Castner said.
Persons: , Israel's, Marc Garlasco, Garlasco, Jonathan Conricus, Brian Castner, Castner Organizations: New York Times, Service, PAX, Pentagon, Times, Israel Defense Forces, Amnesty International, US Air Force, US Locations: Gaza, Vietnam, Israel, United States, State, Mosul, Iraq, Raqqa, Syria
Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".
Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham
LONDON, Nov 26 (Reuters) - Irish writer Paul Lynch won the 2023 Booker Prize on Sunday for his novel 'Prophet Song', the story of a family and a country on the brink of catastrophe as an imaginary Irish government veers towards tyranny. Lynch, who was previously the chief film critic of Ireland’s Sunday Tribune newspaper, said he wanted readers to understand totalitarianism by heightening the dystopia with the intense realism of his writing. He became the fifth Irish author to win the Booker Prize, after Iris Murdoch, John Banville, Roddy Doyle and Anne Enright, the organisers of the competition said. The Northern Irish writer Anna Burns won in 2018. 'Prophet Song' is published in the UK by Oneworld which also won the prize in 2015 and 2016 with Marlon James’s 'A Brief History of Seven Killings' and Paul Beatty’s 'The Sellout.'
Persons: Paul Lynch, Booker, Lynch, Iris Murdoch, John Banville, Roddy Doyle, Anne Enright, Anna Burns, Margaret Atwood, Salman Rushdie, Yann Martel, Marlon James’s, Paul Beatty’s, William Schomberg, Giles Elgood Organizations: Sunday Tribune, Northern, Oneworld, Seven, Thomson Locations: Syria, Ireland, Irish, Northern Irish
New videos of the Tesla Cybertruck feature a show-stopping interior with a full glass roof. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tesla Cybertruck was first revealed to much fanfare in 2019, and its release has been pushed back several times since then. From what we've seen of the dashboard so far, much of the interior of the Cybertruck is surprisingly barebones. Those prices vanished from the Cybertruck website in 2021, and an official price has still been difficult to pin down.
Persons: frunk, , Tesla, we've, what's Organizations: Service, Texas
Jared Fogle was once the face of Subway sandwiches. In 2015, Fogle was sentenced to 15 years in federal prison for having sex with minors. AdvertisementFor the last eight years, Jared Fogle, once the face of Subway sandwiches, has been living on an even blander diet at a federal prison mess hall. AdvertisementThe BOP declined to comment on Fogle's release date, per security policy, and it is unclear when his release was scheduled. An attorney for Fogle could not immediately be identified, as he represented himself in his last federal court matter.
Persons: Jared Fogle, Fogle, , Fogle's, Kathleen McLaughlin, AP Fogle Organizations: Service, FCI, Business, Subway, FBI, AP, of, of Prisons Locations: FCI Englewood, Colorado, Indiana, Littleton , Colorado
Israel's use of US-made bombs is contributing to high Palestinian civilian casualties, experts say. AdvertisementIsrael's use of large, American-made bombs is contributing to the massive death toll in Gaza, passing some of the deadliest conflicts in recent memory. The massive scale of Israel's attacks along with the use of large, US-made bombs in dense, urban areas have contributed to the massive death toll, according to the report. AdvertisementThe Gaza Health Ministry's most recent death toll released on November 10 included 11,078 deaths, according to the Associated Press . Israel's military did not provide a casualty count of its own, but denied targeting civilians, the newspaper said.
Persons: , it's, Marc Garlasco, Brian Castner, Castner, Israel, Jonathan Conricus Organizations: New York Times, Service, United, The New York Times, Hamas, Gaza Health Ministry, Associated Press, PAX, Pentagon, Times, Amnesty International, US Air Force, ISIS, The Times, Israel Defense Forces Locations: Gaza, United States, Iraq, Syria, Afghanistan, Israel, Vietnam, America, Mosul, Raqqa, Thailand, Philippines
Today, they facilitate the connection to the spiritual world she needs to help fellow refugees and their American-raised children who seek restoration of lost spirits. Male heads of households who embrace traditional animist practices perform soul-calling ceremonies, venerate ancestor spirits and invoke the protection of good spirits. On a farm north of St. Paul, Moua Yang runs the hog butcher shop he started working on with his father when he was a child. “It’s ingrained in me,” said Vue, who was born in St. Paul. “Spiritual world is confusing, but once you find a path, everything is natural,” Chad Lee said.
Persons: Mee Vang Yang, , Tzianeng Vang, Vang Yang’s, He's, Lee Pao Xiong, Paul, haven’t, Xiong, Moua Yang, , it’s, Yang, Sai Vue, Vue, Janessa Moua, she’s, ” Moua, Txongpao Lee, Lee, Hlee Xiong Lee, they’re, Kevin Lee, Chad Lee Organizations: PAUL, Communist, Center, Hmong Studies, Concordia University, St, Twin Cities, Hmong Cultural, Lutheran, Press, Lilly Endowment Inc, AP Locations: Laos, Minnesota, China, Cambodia, Vietnam, United States, Thailand, California, St, Southeast Asia, Wisconsin, Paul’s
It's part of a statewide program requiring larger businesses to donate edible food and, if they can, recycle remaining food scraps. In 2015, the U.S. Department of Agriculture and Environmental Protection Agency announced a goal of 50% food waste reduction by 2030. California and Vermont have launched programs converting residents’ food waste into compost or energy, while Connecticut requires businesses, including larger food wholesalers and supermarkets, to recycle food waste. This is the problem.”Despite New York's success, advocates for food waste worry not enough is being done to meet the 2030 goal. “The best solution for food waste is to not have it in the first place,” Bender said.
Persons: , Sean Rafferty, wasn't, Rafferty, , Emily Broad Leib, Broad Leib, we’re, Sally Rowland, Danielle Vasquez, Vasquez, Betsy Quiroa, Quiroa, Kathryn Bender, ” Bender, let's, ” ___ Casey Organizations: Harvard Food Law, Policy Clinic, The U.S, Harvard University, Food Law, U.S . Department of Agriculture, Environmental Protection Agency, District of Columbia, New York, New, New York State, Westchester, Carver, Port, Social Security, University of Delaware Locations: New York, ” New York, United States, U.S, California, Vermont, Connecticut, Farmers, Maryland, New, Rhode, Massachusetts, Westchester County, Port Chester's, Westchester, ., Boston
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