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U.K. First Quarter GDP Slows Sharply as Consumers Trim Spending
U.K. economic growth slowed sharply in the first three months of the year as consumers trimmed discretionary spending amid searing inflation and increased political uncertainty.
UBS Tops First Quarter Profit Estimate, Sees New Money Increase to Private Bank
UBS posted a much stronger than expected set of first quarter earnings Friday as net profit more than doubled and client inflows to its private bank increased.
RBS Shares Surge as Cost Cuts Lift State-Backed Lender in First Quarter Profit
RBS notched its first quarterly profit in more than a year with a better-than-expected bottom line at the troubled state-owned lender.
Barclays Shares Slump as Impairments, Trading Income Offset Profit Surge
Barclays shares fell sharply in London after the lender posted stronger-than-expected first quarter pre-tax profits but saw impairments increase and noted a slowdown in its trading division.
Euro Rises After Core Eurozone Inflation Speeds To Fastest Pace Since 2013
The euro extended gains against the U.S. dollar Friday after data from the region's statistics office showed a firm increase in core inflation this month.