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.
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Wealth Manager on Twitter