Advertisement

Barclays pre-tax profits fall 25% to £793 million

Barclays reported a 25% fall in first quarter pre-tax profits Credit: PA

Barclays has reported a 25% fall in first quarter pre-tax profits to £793 million, down from £1.1 billion a year earlier.

The banking giant has been hit by tough trading in its investment banking arm.

Barclays also announced talks with AnaCap Financial Partners to sell its 74-branch business in France as boss Jess Staley continues to overhaul the lender.