Barclays remains a buy for UBS and RBC despite third-quarter earnings miss

Barclays PLC (LSE:BARC), the UK banking group, retains support from UBS and RBC Capital Markets after its third-quarter results fell short of market expectations, with both banks maintaining positive recommendations. UBS reaffirmed its 'buy' rating and trimmed its price target to 588p from 590p, while RBC Capital Markets reiterated 'outperform' and held its target at 525p, against a reference share price of 409p.

Proactive Investors • 17 hours ago

Barclays becomes the latest company to trim its workforce for AI efficiency

The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans.

Fast Company • 9 hours ago

ROSEN, LEADING INVESTOR COUNSEL, Encourages Barclays PLC Investors to Inquire About Securities Class Action Investigation - BCS

New York, New York--(Newsfile Corp. - October 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Barclays PLC (NYSE: BCS) resulting from allegations that Barclays PLC may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Barclays PLC securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Newsfile Corp • 3 hours ago

Barclays Q3 profit rises 12%, announces $670 million buyback

Barclays said it is cutting ​around 5,000 jobs or 5% of its workforce this year, as it uses technology such as AI to slash ‌fixed costs and improve returns.

Reuters • Oct 22, 2026

Barclays to cut 5,000 jobs this year

Barclays said on ​Thursday it was ‌cutting around 5,000 jobs, or ​5% of ​its workforce, this year, ⁠as it ​uses technology such ​as AI to reduce fixed costs ​and improve ​overall returns.

Reuters • Oct 22, 2026

Barclays to slash 5,000 jobs in AI efficiency push

U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.

CNBC • Oct 22, 2026

Barclays to cut 5,000 jobs as bank's bosses hail AI productivity advances

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits

The Guardian • Oct 22, 2026

Barclays layoffs today: Bank slashes 5% of workforce, attributing 5,000 job cuts to AI

The layoffs just keep coming: Barclays announced it is slashing 5,000 jobs, or about 5% of its workforce. It's attributing the cuts to artificial intelligence, which the bank says has made its operations more efficient.

Fast Company • Oct 22, 2026

Barclays profit rises 12% as bank launches £500 million buyback

Barclays PLC (LSE:BARC) reported a 12% rise in third-quarter pre-tax profit to £2.3 billion and announced a new £500 million share buyback as higher income and lower impairment charges supported earnings. Group income increased 3% to £7.4 billion, while attributable profit rose 13% to £1.6 billion and earnings per share increased 18% to 12.3p.

Proactive Investors • Oct 22, 2026

Why is Barclays axing 5,000 jobs despite a 12% profit jump?

Barclays plans to eliminate about 5,000 jobs this year as the UK bank expands its use of artificial intelligence and pursues a broader cost-cutting programme. The reductions will affect approximately 5% of its global workforce of 93,000 employees, the bank said on Thursday.

Invezz • Oct 22, 2026