Barclays fires chief exec

Ousted: Chief executive Antony Jenkins has been ousted by Barclays Plc chairman John McFarlane as the bank seeks to deepen cost cuts to bolster earnings. – Bloomberg

LONDON: British lender Barclays has ousted chief executive Antony Jenkins after three years in the post, saying it had decided new blood would help accelerate strategic change at the bank and boost shareholder returns.

Shares in the bank jumped in early trade and were up 2.6% at 258.80 pence by 0735 GMT.