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FIVE at FIVE: Barclays shares drop; Crypto Fed response; Shell soars on inflation; Centrica falls 1.8%

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Barclays sheds 4% on higher cost guidance

In its first half results today, Barclays said it expects to incur total operating expenses of £16.7bn in 2022, up from its previous guidance of £15bn.

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2. Crypto markets respond to Fed rate hike

Investors should be wary of looking too much into what is likely a brief bear rally, according to GlobalBlock analyst Ben Small.

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3. FTSE closes down - slightly

FTSE 100 closed down nearly three points, or 0.04%, at 7,345.

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4. Shell’s income soars on rising oil and gas prices

Income attributable to shareholders reached just over US$18bn for the second quarter, up from US$7.1bn in the prior three-month period.

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5. Centrica drops 1.8 despite plan to reinstate the dividend

Centrica said its outlook for the full year "remains positive".

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