Posted AT 6:34 AM EST on 07/08/08
Barclays first-half profit falls 35%
LONDON — Barclays PLC , Britain's third-largest bank, said Thursday that first-half profit fell by 35 per cent, as securities trading slowed and credit writedowns mounted.
Net profit for the six months to June 30 was £1.7-billion ($3.3-billion U.S.), down from the £2.6-billion the company made in the first six months of last year.
Revenue for the January to June period fell slightly to £11.8-billion, from £11.
The full text of this article has 450 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
