Barclays has released its first-quarter results, posting a 13 per cent decline in profits. Although these figures fell short of last year’s performance, they narrowly beat analysts’ expectations, prompting a 4.3 per cent increase in Barclays’ shares during early trading.
The London-headquartered lender’s net profits for the first three months of the year amounted to £1.6bn, down from £1.8bn in the same period last year. Revenue also experienced a slight dip, dropping to £7bn from £7.2bn a year earlier.
