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Shares in Vanquis Banking Group were plunging on Friday, after the company swung to losses in its first-half financial results.
European shares were lower on Friday as investors fretted that more rate hikes were on the horizon after US GDP grew more than expected and the Bank of Japan's decision to make its yield curve control policy more flexible sent ripples through bond markets.
Economic sentiment in the eurozone dropped for the third month in a row in July to 94. 5 from 95. 3, confirming recent surveys that the single-currency bloc faced a potential recession.
European shares opened lower at the end of the week as investors fretted that more rate hikes were on the horizon after US GDP grew more than expected in the second quarter and digested the Bank of Japan's decision to make its yield curve control policy more flexible.
The Bank of Japan on Friday maintained negative interest rates but said it would now allow “greater flexibility” in its target range for 10-year government bond yields.
Standard Chartered lifted annual guidance and launched a $1bn share buyback after first-half profits rose 20% on the back of soaring interest rates.
UK bank NatWest on Friday reported better-than-expected interim profits only days after it was rocked by the resignation of chief executive Alison Rose over leaking of details of hard-right former political party leader Nigel Farage.