This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7546544.stm
The article has changed 6 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Barclays profit slumps by a third | Barclays profit slumps by a third |
(10 minutes later) | |
Barclays has reported a 33% drop in pre-tax profits for the first half of 2008 - as it reported more writedowns linked to the credit crunch. | |
The bank made £2.75bn profit - down from £4.1bn - a decline it described as "acutely disappointing". | |
It wrote off £1.1bn from exposure to US sub-prime mortgages and other credit market problems. | |
Barclays recently raised £4.5bn from investors to increase the strength of its balance sheet. | Barclays recently raised £4.5bn from investors to increase the strength of its balance sheet. |
The bulk of shares were sold to major overseas and institutional investors, led by Qatar, China and Singapore. | The bulk of shares were sold to major overseas and institutional investors, led by Qatar, China and Singapore. |