Barclays Warns of Tough Year to Come As Profits Fall 14% ; Banking
Evening Standard - London › February 10, 2009
Linked as:
Summary
BARCLAYS chief executive John Varley today warned shareholders that they face another tough year in 2009.
"If 2008 was the year of the banking crisis, then 2009 is the year of the economic crisis," he declared as Barclays revealed a 14% fall in profits to Pounds 6.1 billion last year. That was higher than Varley and chairman Marcus Agius told the City last month in their unprecedented open letter and more than most analysts had expected.See the full content of this document
Extract
Barclays Warns of Tough Year to Come As Profits Fall 14% ; Banking
Barclays shares rose 10 1/2p to 115.3p.
But they have fallen by almost 80% in the past year and ...See the full content of this document
Sponsored links
