LONDON: British bank Barclays said first-quarter profit fell a quarter from a year ago after a rise in losses in its European business and a hefty bill for the cost of a restructuring plan by its new chief executive.
Barclays on Wednesday reported an adjusted pretax profit for the three months ended March of 1.79 billion pounds ($2.74 billion), down from 2.4 billion a year ago and just below a mean forecast of 1.85 billion from analysts polled by the company.
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