4/30, 8:08 AM (Source: TeleTrader)
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Barclays says Q1 profits more than double at £2.4B

Barclays plc said on Friday the company's profits in the first quarter of 2021 more than doubled to £2.4 billion, topping analyst forecasts.

Meanwhile, the banking giant reported revenue in the three months to April decreased 6% on the year to £5.9 billion reflecting "continued headwinds" in its Barclays UK business and Consumer, Cards & Payments. Earnings per share for the quarter were 9.9p compared to 3.5p reported in the same quarter a year earlier.

The British bank also said that it took an impairment charge of £55 million in the first quarter.

Breaking the News / JC