UPDATE 2-Barclays Q3 profit 1.56 bln stg, restarts dividends

Tue Nov 10, 2009 8:23am GMT
 
Email | Print | | Single Page
[-] Text [+]

* Barclays 9mo pretax profit 4.5 bln stg, down 19 pct on yr

* To pay H2 dividend of 1p/share

* 9-month bad debts jump 65 pct to 6.2 bln stg

* Bank sees 2009 bad debts at lower end of indicated range

* Shares down 2.9 percent

(Adds details)

By Steve Slater and Clara Ferreira-Marques

LONDON, Nov 10 (Reuters) - Barclays Plc (BARC.L) said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.

Britain's second-biggest bank said on Tuesday it would restart dividends next month with a payout of 1p per share, as it reported a third-quarter profit of 1.56 billion pounds, down from 2.8 billion a year ago.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos