(Sharecast News) - Barclays Bank reported a 23% rise in half-year profit and said it would start a £1bn share buyback as market volatility cause by US President Donald Trump's tariffs war boosted income.
Pre-tax profit came in at £5.2bn, while group income rose 12% to £14bn as trading in its global markets division boomed. Credit impairment charges rose £100m to £0.5bn.

Second quarter profit rose 28% to £2.5bn, beating estimates of £2.24bn, according to a bank-compiled consensus of forecasts and driven by revenues in its investment banking arm amid market volatility.

Income from Barclays investment bank was up 10% in the second quarter to £3.3bn as Trump's tariffs policy cause global turmoil and boosted trading activity.

Return on tangible equity - a key metric of profitability - rose to 12.3% in the second quarter, up from 9.9% for the same period in 2024.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE