Barclays has reported a 33% drop in pre-tax profits for the first half of 2008 - as it reported more writedowns linked to the credit crunch.
The bank made £2.75bn profit - down from £4.1bn - a decline it described as "acutely disappointing".
It wrote off £1.1bn from exposure to US sub-prime mortgages and other credit market problems.
Barclays recently raised £4.5bn from investors to increase the strength of its balance sheet.
The bulk of shares were sold to major overseas and institutional investors, led by Qatar, China and Singapore.
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/7546544.stm
Published: 2008/08/07 06:35:01 GMT
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