Barclays plc
Barclays: Q1 trading statement
High street bank Barclay said it has expects strong first quarter profit growth driven by “very strong” growth in International Retail and Commercial Banking and Wealth Management.
Other parts of the bank’s business have also done well, with both UK retail and institutional banking delivering good results. Bad debts at Barclaycard have however continued to increase.
Barclays […]
Barclays: FY05 results
Barclays reported a 15% growth in pre-tax profits for the year to December 2005. The growth was largely due to a 25% jump in profits at Barclays Capital and the contribution from its newly acquired South African unit, Absa. Absa contributed £335m to Barcalys profits (reflecting five months of ownership).
Barclays’s Capital apart, UK banking delivered, […]
Barclays: Trading statement
Barclays said full year earnings would be in line with market expectations but warned of rising bad debts in its trading update for the current year.
The bank said retail bad debt balances increased modestly in Q3 but credit card delinquencies increased at a higher rate. Credit card delinquencies are said to be in line with […]
Barclays: H1 results
Led by investment banking, asset management and UK banking, Barclays reported a 9% increase in pre-tax profits for the six months to June 2005. The bank reported pre-tax profits of £2,690m, compared to £2,463m last year.
The growth was led by the investment bank, Barclays Capital, which reported a 20% increase in pre-tax profits to £703m. […]
Barclays: Q1 trading statement
Barclays issued a generally upbeat trading update for the three months to March 2005 but warned of increased credit card delinquencies following the downturn in consumer spending.
The bank said profit growth in the first quarter was “good”, with UK banking, Barclays Capital, Barclays Global investors and private clients all performing to expectations. In the recent […]
Barclays: Absa takeover approved
Barclays announced that the South African Minister of Finance has approved Barclays application to acquire a 60% stake in Absa. The Board of Directors of Absa has voted unanimously to recommend the acquisition to shareholders.
Barclays: South African acquisition
Barclays issued a brief statement confirming that it met the South African Minister of Finance,the Governor of the South African Reserve Bank and Absa. Barclays is interested in acquiring Absa, South Africa’s fourth-biggest bank by assets.
Barclays
Barclays’ full year results were driven by a strong performance by Barclays Capital. Pretax profits at Barclays Capital were up 25% to £1,042m, while business banking recorded a growth of 9% to £1,347m. Retail banking pre tax profits declined by 1% to £1,127m. Overall pre-tax profits for the full year were up 20% at […]
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