OxBowBusiness

Barclays Bank and their Profits

You probably saw the business news on Tuesday when they announced that Barclays Bank in the UK had made a record £5.3 billion profit.

That was the headline news and suspecting that all was not what it seemed, I delved a little and came up with a final profit figure that is far, far removed from £5.3 billion.

Barclays did make a large profit in 2005 but the reality is that the headline figure needs to be adjusted to take account of things like minority interest and taxation.

I prepared this analysis for another client so it is hosted on my own web site and it is in PDF format.

Get the file for here ...

Duncan Williamson

posted by Duncan Williamson @ 9:26 AM