30th Jul 2025 09:14
Barclays PLC - London-based bank - Contracts Citigroup Global Markets Ltd to run the GBP1.00 billion share buyback announced with its half-year results on Tuesday. The buyback will start on Wednesday and be completed by April 23 next year. All shares purchased will be cancelled. Barclays on Tuesday said pretax profit surged 23% to GBP5.20 billion in the first half of 2025 from GBP4.22 billion a year prior, as total income rose 12% to GBP14.90 billion from GBP13.28 billion. In addition to the share buyback, Barclays raised its cash interim dividend by 3.4% to 3.0 pence per share from 2.9p. It said this means a total capital distribution for the first half of 2025 of GBP1.4 billion, up 21% on-year.
Current stock price: 370.45 pence
12-month change: up 58%
By Tom Waite, Alliance News editor
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