UK retail sales growth slowed in November as consumers cut back on non-essential spending amid the cost-of-living squeeze and challenging economic conditions, impacting both online and brick-and-mortar retailers. The decline in sales volume has raised concerns about potential collapses in the industry. However, hopes remain for a boost in sales during the holiday period. Future sales volumes are uncertain, and sustaining consumer spending beyond the holidays is a key question.
Barclays sparks outrage as it plans to cut 900 jobs in the UK ahead of Christmas. The bank aims to streamline operations and enhance service, but the move has been condemned by the trade union, Unite. This comes at a time when British banks are closing branches and moving towards online banking, causing concerns for elderly and cash-dependent individuals.
Barclays reiterates ratings and price targets for Enphase Energy and SolarEdge as Tesla gains market share in solar energy sector. Is pricing pressure imminent? Read more.
German software developer Nemetschek SE receives a Sell rating from Barclays, but its diverse solutions for the construction industry position it for growth.
India's CPI inflation is expected to continue its downward trend in May 2023 due to base effects and easing energy costs. Analysts predict it may fall lower than April's 18-month low of 4.7%. The RBI has revised its inflation forecast downward, potentially prompting rate cuts to support growth.