3rd Mar 2015 07:30
LONDON (Alliance News) - Barclays PLC Tuesday reported an improvement in last year's adjusted pretax profit figures but said results were dragged down by a new GBP750 million provision for ongoing investigations and litigation into alleged manipulation of the foreign exchange market, as well as a further GBP200 million provision relating to mis-sold insurance.
In a statement, Barclays said that adjusted pretax profit, which strips out numerous provisions including for foreign exchange and PPI, increased to GBP5.50 billion in 2014, compared with GBP4.91 billion in the prior year.
Results on a statutory basis showed that pretax profit fell to GBP2.26 billion from GBP2.87 billion.
Barclays maintained its dividend at 6.5 pence per share.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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