Banking giant Barclays has revealed an 8% drop in half-year profits, but increased its full-year outlook for a key performance measure and unveiled more returns for shareholders.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. Here
00:06are your headlines for this morning.
00:08The banking giant Barclays has revealed an 8% fall in half-year profits, but increased
00:14its full-year outlook for a key performance measure and unveiled more returns for shareholders.
00:21Barclays reported pre-tax profits of £4.2 billion the first six months of 2024, down
00:27from £4.6 billion a year earlier, but this was better than expected thanks to a strong
00:31performance in its investment bank. In the second quarter, it saw profits fall by 1%
00:38to £1.9 billion.
00:41So major update today, one of the biggest names in banking, Barclays has revealed an
00:468% fall in half-year profits.
00:49My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.