Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Media reports force Barclays to alert 2013 profit figures

Media reports force Barclays to alert 2013 profit figures

A report in the Financial Times has prompted Barclays to take the unusual step of releasing its headline earnings a day ahead of schedule, the bank has claimed.

In the briefest of updates Barclays said it will announce full-year profit of £5.2 billion for 2013 and a statutory profit before tax of £2.9 billion in it results, which are scheduled to be released at 7am tomorrow morning.

While the bank didn't give any further details of the release, in a subsequent report in the BBC the bank is said to have described the FT story as 'close enough, and so it was felt that we needed to provide clarity'.

The news comes after Barclays launched an investigation into separate reports that up to 27,000 confidential client files had been sold to brokers. The allegations were leaked to the Mail on Sunday by a whistleblower.

At 11.55am shares in Barclays were up 1.41% at 275p.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter