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Barclays profit up 23% as tariff turmoil lifts trading

Barclays' first-half profit rose by a better-than-expected 23%, the British bank said today, as its markets business reaped bumper returns from the frenzied trading activity sparked by US President Donald Trump's trade tariffs.

Business • 29 Jul

Barclays fined £42m for lapses in financial crime control

Britain's financial regulator fined Barclays £42m today for failing to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek.

Business • 16 Jul

Barclays has reported first quarter profit before tax of £2.7 billion, up from £2.3 billion a year ago

Barclays posts first quarter profit beat

Barclays said today its first-quarter profit rose a better-than-expected 19%, as frenzied trading activity in the first three months of the year boosted investment banking revenue.

Business • 30 Apr

Ex-Barclays CEO appeals UK ban over Epstein statements

Former Barclays boss Jes Staley will today mount a high-profile appeal against his proposed ban from Britain's finance industry, which will once again highlight his relationship with disgraced financier Jeffrey Epstein.

Business • 03 Mar

Barclays has reported profit before tax for the year to December 31 of £8.11 billion.

Barclays posts rises 24% rise in annual pretax profit

Barclays has today upped its 2025 performance guidance after posting a 24% rise in annual pretax profit for 2024 that beat expectations, as its investment bank enjoyed strong income growth and slower than expected interest rate cuts boosted its domestic lending business.

Business • 13 Feb

The lender has written to investors to propose capping CEO CS Venkatakrishnan's maximum earnings at just over 14 million pounds

Barclays proposes higher bonuses, lower fixed pay for CEO

British lender Barclays is proposing a revamp of pay packages earned by its CEO and finance director, with higher bonuses on offer for outperformance in exchange for lower fixed pay, according to a Sky News report today.

Business • 23 Jan

Barclays admitted in March 2022 that it had sold $15.2 billion more structured and exchange-traded notes in the prior five years than the $20.8 billion authorised by US regulators

Barclays' $19.5m settlement over $17.7bn debt blunder

Barclays agreed to pay $19.5m to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed.

Business • 04 Dec 24

Barclays has been fined £40m for its failure to disclose certain arrangements with Qatari entities in 2008

Barclays fined £40m over disclosures on Qatar dealings

Britain's financial regulator has fined Barclays £40m for its failure to disclose payments made to Qatari entities in 2008, after the bank today said it had dropped its appeal over the case.

Business • 25 Nov 24

Tesco is set to return £700m to shareholders through an incremental share buyback

Tesco set to return £700m via additional share buyback

Tesco said today that it intended to return £700m to shareholders through an incremental share buyback, as it had completed its banking operations sale to Barclays.

Business • 01 Nov 24

Barclays today reported pretax profit for the July-September period of £2.2 billion, up from £1.9 billion a year ago

Barclays Q3 profit beats forecasts with 18% rise

Barclays today reported a forecast-beating 18% rise in third-quarter profit, as slower than expected interest rate cuts and upbeat investment banking prospects helped it raise its income outlook for the year.

Business • 24 Oct 24

The Bank of England has completed its second 'resolvability' check of UK banks

UK banks could be dismantled smoothly in a crisis - BoE

Britain's top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said today following its second "resolvability" check of the lenders.

Business • 06 Aug 24

Barclays's profit of £4.2 billion for the six months ended June was above the £3.8 billion average of analysts' forecasts

Barclays's H1 profit falls 9%, announces £750m buyback

Barclays has today reported a lower than expected 9% fall in first half pretax profit, as a strong performance from its investment bank compensated for declining income in its core UK businesses.

Business • 01 Aug 24

Barclays said the sale is expected to release about €4 billion of risk-weighted assets

UK's Barclays to sell German consumer finance business

Barclays is selling its German consumer finance business to Austrian bank BAWAG Group for a small premium to net assets, it said today, as the British lender aims to simplify its business.

Business • 04 Jul 24

Barclays' AGM was disrupted by activists today protesting against its alleged indirect links to violence in Gaza

Barclays AGM disrupted by activists protesting over Gaza

Barclays' annual shareholder meeting was disrupted by activists protesting against its alleged indirect links to violence in Gaza, with the bank's chair telling security staff to eject them from the event in Glasgow today.

Business • 09 May 24

Barclays today reported pre-tax profit for the January-March period of £2.277 billion

Barclays Q1 profit falls 12% as mortgage competition hits

Barclays has today reported a 12% fall in first quarter profit, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

Business • 25 Apr 24

Barclays cut its workforce by around 5,000 jobs in 2023 as part of an ongoing major cost-cutting drive

Barclays poised to cut hundreds of investment bank jobs

Barclays is preparing to axe hundreds of jobs across its investment bank as it runs the rule over under-performers in the division, two sources familiar with the matter told Reuters.

Business • 21 Mar 24

Barclays today reported a pretax profit of £6.6 billion, down from £7 billion the year before

Barclays annual profit falls 6%, unveils overhaul

Barclays has today laid out a three-year plan to revive its flagging share price today, including axing £2 billion of costs, returning £10 billion to shareholders and investing in its high-returning UK retail bank.

Business • 20 Feb 24

Barclays is to stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production

Barclays to adopt fresh curbs on oil and gas financing

Barclays, Britain's biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production.

Business • 09 Feb 24

About 2,800 Tesco Bank workers will transfer to Barclays under the terms of the deal

Tesco to sell banking operations to Barclays for £600m

Barclays will buy most of the banking operations of Britain's biggest supermarket group Tesco for about £600m, the companies said today.

Business • 09 Feb 24

The share sale comes as Barclays embarks on a shake-up to cut costs and revive its share price

Barclays shares dip after major backer Qatar cuts stake

Barclays shares fell in morning trade today after one of the bank's largest shareholders Qatar Holding moved to sell around £510m of its stock, cutting back on its crisis-era investment in the bank.

Business • 05 Dec 23

Barclays' chief executive CS Venkatakrishnan

Barclays working on £1 billion cost plan, may cut jobs

Barclays is working on plans to save as much as £1 billion, which could involve cutting as many as 2,000 jobs, mainly in the British bank's back office, a person with direct knowledge of the proposals told Reuters.

Business • 24 Nov 23

Tesco Bank raked in £57m in pre-tax profits in the six months to the end of August this year

Barclays explores deal for Tesco Bank - sources

Barclays has been exploring a potential acquisition of Tesco's banking operations, two people familiar with the matter told Reuters.

Business • 20 Nov 23

Barclays has today reported pretax profits of £1.9 billion for the third quarter of 2023

Barclays hints at big cost cuts despite Q3 profit beat

Barclays has today hinted at major cost cutting to come later this year, as it reported a third quarter profit that narrowly beat expectations but flagged pressure on its margins from competition for savers.

Business • 24 Oct 23

Staley faces UK fine for Epstein statements

Ex-Barclays CEO Jes Staley faces a ban from senior roles in financial services and a £1.8m Financial Conduct Authority (FCA) fine for allegedly misleading it over his relationship with Jeffrey Epstein.

Business • 12 Oct 23

Barclays has today reported pretax profit of £4.6 billion for the six months to the end of June

Barclays reports first half profit in line with targets

Barclays has today reported a profit for the first half of the year that met expectations as its booming consumer and credit card business continued to offset plunging revenues in its investment bank as corporate dealmaking stalls.

Business • 27 Jul 23