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Barclays' Q1 earnings decline on falling returns on investments

£793m pretax profits below analyst forecast of £846m; bank in talks to sell French retail banking ops

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Barclays' core units Barclays UK and Barclays Corporate and International performed strongly in the first quarter, with an aggregate 9.9 per cent return on equity, driven by the UK business, which posted a 20.5 per cent standalone return.

London

BARCLAYS followed its US rivals in reporting falling investment banking revenues in a tough first three months of the year but investors welcomed signs of resilience under new chief executive Jes Staley.

The lender also said on Wednesday it was in discussions to sell its