Menu
10/02/2012
Barclays Bank Profits Fall
Barclays full year results reveal a 3% drop in profits year on year to £5.9bn.
The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000.
Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
Mr Diamond said in a statement: "Against a backdrop of challenging economic and market conditions, we maintained our focus. Barclays has dodged some, but not all, of the bullets which have come its way."
The bank were not satisfied with the return on equity delivered in 2011 and expect the economic and regulatory environment to continue to be challenging in 2012.
(GK)
The bank's bonus pot will be £2.15bn, down by 25%, with cash bonuses capped at £65,000.
Chief executive Bob Diamond is expected to receive a payout worth several million pounds.
Mr Diamond said in a statement: "Against a backdrop of challenging economic and market conditions, we maintained our focus. Barclays has dodged some, but not all, of the bullets which have come its way."
The bank were not satisfied with the return on equity delivered in 2011 and expect the economic and regulatory environment to continue to be challenging in 2012.
(GK)
Related UK National News Stories
Click here for the latest headlines.
16 February 2010
Barclays' Profits Jump
Profits at Barclays bank have soared by 92%, the financial services giant revealed today. Full year profits for 2009 tipped £11.6bn ($18.2bn), a figure bolstered by the sale of the bank's BGI fund management arm to US firm BlackRock. Minus this deal, profits stood at £5.
Barclays' Profits Jump
Profits at Barclays bank have soared by 92%, the financial services giant revealed today. Full year profits for 2009 tipped £11.6bn ($18.2bn), a figure bolstered by the sale of the bank's BGI fund management arm to US firm BlackRock. Minus this deal, profits stood at £5.
08 May 2014
Barclays To Axe 10,000 UK Jobs
Barclays is to cut approximately 20,000 job cuts by 2016. The firm said it is part of a new strategy. The number of job' reductions is bigger than the 10 to 12,000 the bank announced earlier this year. Around 14,000 cuts will be made during 2014.
Barclays To Axe 10,000 UK Jobs
Barclays is to cut approximately 20,000 job cuts by 2016. The firm said it is part of a new strategy. The number of job' reductions is bigger than the 10 to 12,000 the bank announced earlier this year. Around 14,000 cuts will be made during 2014.
16 July 2008
Co-op Agrees Somerfield Purchase
Supermarket chain The Co-operative Group has agreed to purchase rival chain Somerfield in a deal worth £1.57 billion. The deal will cement the Co-op Group's position as the fifth biggest food retailer in the UK.
Co-op Agrees Somerfield Purchase
Supermarket chain The Co-operative Group has agreed to purchase rival chain Somerfield in a deal worth £1.57 billion. The deal will cement the Co-op Group's position as the fifth biggest food retailer in the UK.
07 March 2011
Barclays Chief Executive Set For £6.5m Bonus
In Barclays latest published remuneration report, Bob Diamond, the bank's new Chief Executive is geared to receive a hefty bonus of £6.5m. As head of Barclays' investment banking and wealth management operations, the bonus was awarded for his 2010 performance. Mr Diamond only took over the Chief Executive position at the beginning of this year.
Barclays Chief Executive Set For £6.5m Bonus
In Barclays latest published remuneration report, Bob Diamond, the bank's new Chief Executive is geared to receive a hefty bonus of £6.5m. As head of Barclays' investment banking and wealth management operations, the bonus was awarded for his 2010 performance. Mr Diamond only took over the Chief Executive position at the beginning of this year.
03 August 2009
Barclays Profits Nearly £3 Billion
A top bank has announced pre-tax profits for the first six months of 2009 of £2.98 billion.
Barclays Profits Nearly £3 Billion
A top bank has announced pre-tax profits for the first six months of 2009 of £2.98 billion.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
