Barclays shares rallied after the bank announced a one-third drop in net profits that still beat expectations, thanks to growth in its credit card and debt trading units and despite a �400m provision for mis-selling UK payment protection insurance.
A man runs past the Bank of Japan building in Tokyo. Photograph: Kim Kyung-Hoon/Reuters. Nick Fletcher. Friday 29 July 2016 05.59 EDT.
LONDON The yen jumped on Friday and the biggest rise in Japanese government bond yields in years lifted sovereign borrowing costs around the world, after the Bank of Japan's latest measures to boost growth and inflation fell short of investor expectations.
European stocks were mostly mixed on Friday as investors worked their way through another raft of European earnings, and digested the latest decision from the Bank of Japan's (BOJ) two-day policy meeting.
Foxtons said it would open fewer new branches next year if the downturn persists. Photograph: Alicia Canter for the Guardian. Julia Kollewe.