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The City View: Consumers borrowing more, and Victoria Scholar on $15bn Barclays blunder
Manage episode 324056675 series 2701500
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Today Andy Silvester chats to Interactive Investor's Victoria Scholar.
They go through Barclays' rough start to the week after an unknown investor sold over £900m worth of shares in the bank following its $15bn securities blunder; Waitrose's legal row with ASDA, and consumers turning to discount retailers amid the cost-of-living crisis; and Tesla's stock split.
Andy also goes through the headlines -- consumer credit borrowing is at its fastest annual pace in two years, and P&O Ferries have stated that they can't rehire the 800 workers they fired without risking "financial collapse".
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