Barclays profit hit by PPI scandal
Barclays has reported a pre-tax statutory loss of £47 million for the third quarter, against a £2.4 billion profit for the same period last year.
The bank's adjusted pretax profit in the three months to the end of September was revealed to be £1.73 billion, in line with analysts' forecasts and up from £1.34 billion a year ago, thanks to strong profits from investment banking.
But including a £700 million charge for mis-selling payment protection insurance would have left profits down 23% at £1.03 billion.
More top news
Primark's compensation pledge is a significant move
The company will provide immediate financial assistance to all victims of the Rana Plaza disaster, and a long term compensation package.
Microsoft launches new Xbox One as living room hub
Microsoft hopes its powerful new Xbox One console will become a hub for living room entertainment.
Behind the walls of Bangladesh's garment factories
ITV News visited the garment factories that supply many high street retailers and found appalling conditions endured for pittance pay.