Its equity and debt capital markets division has seen a big drop in revenues over the past 6 months, although advisory has performed slightly better in Q2, after a poor Q1. On the wider numbers investment bank revenue for Q2 came in at just over £4bn, beating expectations of £3.7bn, with FICC seeing a modest slowdown from Q1 to £1.5bn.

The bank has had to take a charge of £600m in respect of over issuance of securities, which it has had to buy back. Attributable profit for H1 was £2.5bn, down sharply from the same period a year ago, with £1.1bn of that coming in Q2. A 7% fall in revenues in its Enterprise operation appears to have prompted today’s weakness over concerns there could be more weakness to come.īarclays latest H1 numbers were also underwhelming, and it’s not hard to see why. Q1 revenue rose to £5.13bn as the rollout of fibre connections continued at pace, with a record quarterly number of 763k. This appears to be down to supply chain challenges as well as a higher inflation environment.īT Group shares are also lower despite reaffirming its full year outlook after Q1 EBITDA came in line with forecasts at £1.9bn.

The decline was due to a fall in margins, with the company saying that they expected trading profit margins for the year to fall from 18.5% to 17.5%. On the bad, Smith and Nephew shares have plunged after reporting H1 revenues that came in as expected at $2.6bn, and a modest decline in trading profits to $440m. The FTSE100 has underperformed, slipping lower, weighed down by health care, telecoms and banks. It’s been a mixed earnings day today for European markets with some good, and some bad

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