Barclays took a hit of £127m following Carillion collapse

Barclays posts pre-tax profits of £3.54bn

Jes Staley, chief executive (left), said: "We have a portfolio of profitable businesses, producing significant earnings, and have plans and investments in place to grow those earnings over time".

Income decreased 2% to 21.08 billion pounds from 21.45 billion pounds past year, primarily driven by lower revenue in Barclays International and Head Office, whilst impairment was broadly stable.

One is that the bank's performance is still not good enough. But overall revenues still fell 2% year-on-year. "Our cost/income ratio improved and our capital position improved quite significantly, so we're fine with where the comp levels came out".

Banking fees - including from M&A advisory and debt and equity underwriting - fell 7% from a year ago to £605m.

So, would a continuation of rising revenue in the United States cards business and the UK retail bank.

The bank said it was encouraged by business at the start of 2018 but admitted uncertainty and increased market volatility following the UK's vote to leave the European Union was "likely to continue until the exact nature of the future trading relationship with the EU becomes clear".

Metal Gear Survive's Launch Trailer Shows Big Baddies and Base Building
Metal Gear Survive is a spin off from the main Metal Gear Solid V story that takes place in a odd alternative universe. Konami developers are working on an update to fix this problem - Metal Gear Survive Update 1 .02.

Shares in the British bank were up 5.1 percent to 212 pence at 1043 GMT, sending Barclays to the top of the FTSE .FTSE index risers after it said it would resume paying its full dividend of 6.5 pence per share, which it halved in March 2016 in order to provide extra funds to pay for restructuring.

Banking giant Barclays has swung to a bottom-line loss of almost £2 billion after a string of hefty charges including Donald Trump's corporate tax changes and a hit from the collapse of Carillion. Pre-tax profit, which stripped out some of the one-off charges, rose 10pc to £3.5bn, up from £3.2bn.

It was pushed into the red by £2.5 billion in previously-announced losses from the sale of Barclays Africa Group and a £901 million charge from the USA president's January 1 corporate tax changes, as well as a £127 million blow in the fourth quarter from failed outsourcing giant Carillion.

Barclays posted an underlying pre-tax profit of £3.5bn for 2017, up from £3.2bn in 2016.

It also booked an additional £240m provision relating to alleged foreign exchange manipulation.

Related News:



Most liked

Missouri Governor Arrested, Indicted On Felony Charge
In a statement with his wife, he noted that "there was a time when he was unfaithful" and that it was "a deeply personal mistake". In a statement after the indictment, the Republican governor was defiant and attacked the prosecutor who brought the charge.

U.S. ends 42-year Olympic cross-country medal drought with incredible photo finish
Team USA had been hoping that the cross-country drought would finally break; instead, it continued. "They were awesome today". That winter, she burst onto the national scene on a cloudy day in Rumford, Maine, when she won the national sprint title.

Assault on Delhi Chief Secretary: AAP MLA Amanatullah Khan arrested
Chief Secretary was called for a meeting late at night; CM, Dy CM & MLAs were there, when CS reached he was roughed up. We will continue to work for the welfare of Delhi's public, but we will work with a black badge.

Low-fat diet as effective as low-carb for losing weight
After one year, both groups demonstrated significant weight loss even though they didn't worry about their calorie intake. It's often considered common knowledge that in order to lose weight, you should start by reducing your calorie intake.

Salmonella outbreak in 20 states linked to kratom consumption
Nevertheless, the supplement is available widely online and was even being sold for a time out of an Arizona vending machine . The plant, which is native to Southeast Asia, is a legal commodity and can be purchased online.

Waco among first cities to gain AT&T's 5G coverage in 2018
Last year, Verizon announced it would launch 5G residential broadband services in 2018 in select markets. Mansfield said AT&T is working aggressively with vendors, so that it can start stocking shelves in 2019.

White House: New policy won't affect Trump's son-in-law
Kushner's ability to continue to do the very important work he has been assigned by the president", Lowell said last week. Abbe Lowell, Kushner's lawyer, said the senior official "has done more than what is expected of him in this process".

World Health Organization report shows significant rise in measles in Europe
Before widespread vaccination efforts in the 1960s, measles killed more than 2 million people each year, and made thousands blind. It is anxious about that the number of cases has jumped from 5,273 in 2016 to 21,315 in 2017, resulting in 35 deaths.

Bubba Watson: Wins for third time at Riviera
Na s back-to-back birdies at 10 and 11 saw him move to 11-under, but his bid stalled with a brace of bogeys at 12 and 13. Watson's last top-five finish on the PGA Tour came past year at the Zurich Classic of New Orleans, playing with J.B.

Penn State men's basketball receives votes in latest AP Poll
Penn State returns home to close out the regular season with a weekend series against No. 10 Minnesota next Friday and Saturday. Ryan Cline's 3-pointer with 5:31 remaining gave Purdue a 61-58 lead, and the Boilermakers never trailed the rest of the way.

PM inaugurates New BJP HQ in New Delhi
The foundation stone of the headquarters was laid in August 2016 and it took 18 months to complete the construction. The saffron party had been working from Ashoka Road for over 35 years while the Congress office is on Akbar Road.

Major Walking Dead Star Boards ABC Pilot, Has No Season 9 Contract
News of the contract negotiation snag broke a couple weeks ago, but this is the first time anyone's speaking out about it. Her contract is up at the end of this season and she is now in negotiations with AMC to accept a new deal on the show.

Officials searching for missing 11-year-old girl
Byrns and Alice were found shortly before 6 p.m.at a Holiday Inn Express and Suites near Macon, Georgia, deputies said. Neighbors say Byrns lives there with his mom and dad. "We don't want this situation to repeat itself", Demings said.

U.S. still unsure who directed Syria attack, despite Russian deaths
Russians who got killed in the attack have been said to be working as mercenaries for a private military contractor from Russia that has been working covertly in Syria .

Syria bombardment of rebel enclave kills 18 civilians: monitor
The bombing continued Monday, sending terrified civilians in the enclave searching for cover, AFP's correspondents said. Held by rebels since 2012, Eastern Ghouta is now the last opposition-controlled pocket around Damascus .