From the US later on Tuesday, there will be results from The Home Depot and Walmart. Investors are also keenly awaiting Nvidia's annual results, which are due on Wednesday after the closing bell in New York.

Barclays has unveiled a comprehensive plan to return £10 billion to shareholders between 2024 and 2026 through dividends and share buybacks. The UK-based bank also a significant reorganization of its business, expanding from three to five operating divisions. The new structure includes Barclays UK, Barclays UK Corporate Bank, Barclays Bank and Wealth Management, Barclays Investment Bank, and Barclays US Consumer Bank. This move aims to operational and financial performance, with a target return on tangible equity of over 10% in 2024 and above 12% in 2026. a 6% drop in annual profit, Barclays is optimistic about its new three-year plan and expects to achieve a cost-income ratio of around 63% in 2024, with a goal of high50s in percentage terms by 2026. The bank's share price has declined over the past year, adding pressure on CEO C.S. Venkata Krishnan to deliver these new targets.

Chile-focused miner Antofagasta anticipates an increase in copper production for 2024, aiming for670,000 to 710,000 tonnes, up from 660,600 tonnes in 2023. The company also expects gold and molybdenum by-products output to range between 195000 to 215,000 ounces and 11,000 to 12,500, respectively. However, Antofagasta's annual profit has decreased, while revenue has grown.

InterContinental Hotels Group has initiated an $800 million share buyback program as part of over $1 billion allocated for shareholder returns in 2024. The company reported strong revenue per available room and expects to return more than1 billion to shareholders this year.

In other news, Superdry founder Julian Dunkerton is reportedly in discussions with US investor Davidson Kempner about a potential offer to take the fashion retailer. Dunkerton, who owns nearly 30% of Superdry, is considering buying the remaining stake he does not own.

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