Barclays Bank logo is seen in this illustration taken March 12, 2023. REUTERS
LONDON, July 29 (Reuters) – Barclays (BARC.L), first half profit rose by a better than expected 23%, the British bank said on Tuesday, with its markets business reaping bumper returns from the frenzied trading activity unleashed by U.S. President Donald Trump’s trade tariffs.
Pretax profit for the January-June period totalled 5.2 billion pounds ($6.94 billion), above analysts’ average forecast of 4.96 billion pounds.
The bank also announced a fresh share buyback of 1 billion pounds.
Reporting By Lawrence White; Editing by Kirsten Donovan
