Barclays' Q4 profit misses estimates
Bank to shut Africa unit housing unwanted assets earlier than expected
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
BARCLAYS plc posted fourth-quarter profit that missed analysts' estimates on a charge for accelerating the costs of deferred bonuses, while the bank signalled progress in its effort to divest its Africa unit and sell off unwanted assets.
Pretax profit was £330 million (S$581 million), from a loss of £2.1 billion a year ago, the London-based lender said on Thursday. Adjusted pretax profit rose to £284 million, falling short of the £646 million average estimate of five analysts surveyed by Bloomberg News.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
