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Barclays CEO says to cut up to 12,000 jobs this year

LONDON (Reuters) - British bank Barclays <BARC.L> said it expects to cut between 10,000 and 12,000 jobs at the bank this year, including about 7,000 in Britain. Chief Executive Antony Jenkins said about half of the affected staff in Britain had been notified. The bank had 139,600 staff at the end of December. (Reporting by Steve Slater; Editing by Matt Scuffham)

Barclays Africa sees mid single-digit loan growth in South Africa

JOHANNESBURG (Reuters) - Barclays Africa Group <BGAJ.J> expects mid single-digit loan growth in South Africa this year, Chief Financial Officer David Hodnett said on Tuesday. The African subsidiary of Britain's Barclays Plc <BARC.L> reported a 14 percent rise in full-year earnings, boosted chiefly by a decline in bad loan costs in its retail and commercial mortgages. (Reporting by Helen Nyambura-Mwaura; Writing by Olivia Kumwenda-Mtambo; editing by David Dolan)

Barclays bank reports return to to profit, and bigger bonuses

Scandal-hit Barclays bank returned to net profit in 2013 and said on Tuesday that staff will receive increased bonuses, a source of public anger against banks at the height of the financial crisis. Annual group profit after tax stood at £540 million ($886 million, 649 million euros). That compared to a net loss of £624 million in 2012, Barclays said in a statement. It increased the money available for bonuses by almost 10 percent to £2.378 billion.

Barclays bank to axe up to 12,000 jobs worldwide

Barclays plans to cut between 10,000 and 12,000 jobs worldwide this year, its chief executive Antony Jenkins said on Tuesday after the scandal-hit British bank announced a rise in bonuses. Jenkins told a conference call with media that about 7,000 jobs would go in Britain. Barclays, which on Tuesday announced also a return to net profit in 2013, employs about 139,000 people around the world. mg-bcp/hd

Barclays bank reports return to to profit, and bigger bonuses

Scandal-hit Barclays bank returned to net profit in 2013 and said on Tuesday that staff will receive increased bonuses, a source of public anger against banks at the height of the financial crisis. Annual group profit after tax stood at £540 million ($886 million, 649 million euros). That compared to a net loss of £624 million in 2012, Barclays said in a statement. It increased the money available for bonuses by almost 10 percent to £2.378 billion.

Attention editors: Ignore Barclays 'kill'

Please ignore our Britain-banking-business-earnings-Barclays which was marked as a 'kill' in error due to a technical issue. The original story still stands. afp

Under-pressure Barclays posts mixed earnings

Barclays unveiled mixed annual earnings on Monday, as the British bank seeks to fend off fresh financial strains following the Libor rate-rigging scandal. The bank took the unusual step of posting bottom-line and adjusted pre-tax profits a day early in a brief statement, after the Financial Times business newspaper had published figures close to the mark. While statutory pre-tax profits surged last year, adjusted earnings dropped and missed the bank's own forecast amid cost-cutting across the group.

Toronto stock market set to head lower after modest advance, commodities mixed

TORONTO - The Toronto stock market was set for a lower open Monday as traders consolidate last week's modest gain and take in acquisition activity over the weekend. The Canadian dollar edged 0.03 of a cent lower to 90.56 cents US. U.S. futures were also lower as the Dow Jones industrial futures declined 30 points to 15,709, the Nasdaq futures were off 2.2 points to 3,555.8 while the S

British bank Barclays announces surge in annual profit

Barclays' pre-tax profits surged last year, the British bank revealed on Monday in a surprise statement amid media speculation over its earnings. Profit before tax hit £2.9 billion ($4.8 billion, 3.5 billion euros) in 2013, compared with £246 million in 2012. Barclays revealed the figures one day before its scheduled full-year results statement. It gave no reason for the early disclosure, although the Financial Times newspaper had reported similar figures.

British bank Barclays announces surge in annual profit

Barclays' pre-tax profits surged last year, the British bank revealed on Monday in a brief and unexpected statement amid media speculation over its earnings. Profit before tax hit £2.9 billion ($4.8 billion, 3.5 billion euros) in 2013, compared with £246 million in 2012, Barclays said on the eve of its annual results statement, but gave no reason for the early disclosure. rfj/bcp/hd
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