Tuesday, March 1, 2016

Barclays Profit Weak, Cuts Dividend, To Sell Stake In African Unit; Stock Down

Shares of Barclays Plc declined around 11 percent in the morning trading in London after the British lender reported Tuesday that its fiscal 2015 pre-tax profit declined and attributable net loss widened on weak net operating income. The company further announced lower dividend for fiscal 2016. Barclays also announced its intention to sell down its 62.3 percent stake in African business.

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