markets · · proactiveinvestors.com

Barclays profit rises 12% as bank launches £500 million buyback

Barclays PLC (LSE:BARC) reported a 12% rise in third-quarter pre-tax profit to £2.3 billion and announced a new £500 million share buyback as higher income and lower impairment charges supported earnings. Group income increased 3% to £7.4 billion, while attributable profit rose 13% to £1.6 billion and earnings per share increased 18% to 12.3p.

Barclays profit rises 12% as bank launches £500 million buyback

Barclays PLC (LSE:BARC) reported a 12% rise in third-quarter pre-tax profit to £2.3 billion and announced a new £500 million share buyback as higher income and lower impairment charges supported earnings. Group income increased 3% to £7.4 billion, while attributable profit rose 13% to £1.6 billion and earnings per share increased 18% to 12.3p.

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