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Barclays Asia cash-equity unit finally turns profit

Recent cost cuts should allow it to make profit by end next year, seven years after it started the business

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Barclays plc is on track to make money from its cash-equity broking unit in the Asia-Pacific region by 2016, seven years after it started the business.

Hong Kong

BARCLAYS plc is on track to make money from its cash-equity broking unit in the Asia-Pacific region by 2016, seven years after it started the business.

Recent cost cuts should allow the UK's second largest bank by assets to turn a profit in Asian cash equities by the end