July 25, 2014

Barclays shares top FTSE 100 fallers on profit slump

Shares in Barclays topped the list of FTSE 100 fallers on Tuesday after it confirmed that it had seen its adjusted pre-tax profits fall to £5.2bn and investment banking pre-tax profits fall by 37%.

Barclays share price closed Tuesday down by 3.75pc as it also confirmed that it was to cut up to 12,000 job roles.

Questions have also been asked of the bank regarding its bonus payouts which totaled £2.38bn, way beyond the £859m distributed to shareholders via dividends in 2013.

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