AI summary
Barclays reported a 12% profit increase and returned £500m to shareholders while preparing for upcoming UK bank tax hikes.
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Barclays profits up 12% as UK banks brace for tax increase in budget
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Lender gives further £500m to shareholders after reporting £2.3bn in pre-tax profits from July to September Business live – latest updatesBarclays is giving a further £500m to shareholders after reporting a jump in quarterly profits, as the lender steels itself for an increase in UK bank taxes at next week’s budget.The lender said it logged £2.3bn in pre-tax profits over the July to September quarter, up 12% from £2.1bn during the same period last year. Continue reading...
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