Barclays double profits

Nov 10 2009 by Alun Thorne, Birmingham Post

Barclays said today that it had delivered third-quarter profits of £1.56 billion after another strong performance from its investment banking business.

The haul took profits for the first nine months of the year to £4.54 billion, down 19 per cent on a year earlier.

But Barclays said the result more than doubled on an underlying basis as it enjoyed “consistent profitability” so far in 2009.

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