Barclays overhaul hits profits

Press Association
Barclays
Barclays

Barclays' first quarter profits have slumped by a quarter as the cost of its overhaul weighs on the bank.


Adjusted pre-tax profits at Barclays fell 25% to £1.8 billion in the first three months of the year, after £514 million of costs for its "Transform" turnaround plan.
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