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/8180775.stm
The article has changed 18 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Barclays unveils near-£3bn profit | |
| (10 minutes later) | |
| Barclays has announced pre-tax profits of £2.98bn for the first half of 2009. | Barclays has announced pre-tax profits of £2.98bn for the first half of 2009. |
| Profits for the year were slightly below analysts' forecasts of more than £3bn, but were up 8% on the £2.75bn it made in the first six months of 2008. | Profits for the year were slightly below analysts' forecasts of more than £3bn, but were up 8% on the £2.75bn it made in the first six months of 2008. |
| The results were boosted by the performance of its investment banking division, Barclays Capital, which saw profits double compared with last year. | The results were boosted by the performance of its investment banking division, Barclays Capital, which saw profits double compared with last year. |
| HSBC is also due to give its latest figures on Monday, with Lloyds and RBS reporting later in the week. | HSBC is also due to give its latest figures on Monday, with Lloyds and RBS reporting later in the week. |
| Neither Barclays nor HSBC have accepted government bail-outs. | |
| Ralph Silva, banking analyst at Tower Group, said that not accepting government money would have contributed to Barclays Capital doing so well. | |
| "Investment banking is back. If you are a big company you are going to gravitate towards the banks that have not received government funds," he said. | |
| However, profits at Barclays' UK retail banking arm more than halved, falling to £268m, from £690m a year ago. |