Barclays reveals an 8 per cent drop in half-year profits

Yorkshire Post

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.

Transcript

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.

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