World Economy

Barclays Beats Estimates

Barclays Beats EstimatesBarclays Beats Estimates

Barclays Plc’s full-year profit jumped 12%, beating analysts’ estimates, as it set aside an extra 750m pounds ($1.2b) for the settlement of a global probe into the manipulation of currency markets, Bloomberg reported. Pretax profit, including costs of the restructuring program, rose to 5.5b pounds in 2014 from 4.9b pounds a year earlier, Barclays said in a statement on Tuesday. That beat the 5.3 billion-pound average estimate of 19 analysts in a survey compiled by the bank. The investment bank had a pretax profit of 1.4b pounds in the year, down from 2b pounds.