Barclays (BCS): 2012 pretax profit £246M vs £5.9B in 2011, hurt by massive charges for...

|About: Barclays PLC (BCS)|By:, SA News Editor

Barclays (BCS): 2012 pretax profit £246M vs £5.9B in 2011, hurt by massive charges for compensating customers for mis-sold products, and loss of value of own debt. Adjusted pretax profit +26% to £7.05B, in line. To cut 3,700 jobs out of 140K as part of plan to slash £1.7B in annual costs and improve standards. To take £500M in restructuring charges in Q1. (PR)