Barclays has revealed its profits jumped by a quarter last year as the banking giant benefited from a rebound in global investment and deal-making. It reported a pre-tax profit of £8.1 billion for 2024, a 24% leap from the £6.6 billion profit generated in 2023. #barclays
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:06Barclays has revealed its profits jumped by a quarter last year, as the banking giant benefited from a rebound in global investment and deal-making.
00:17It reported a pre-tax profit of £8.1bn for 2024, a 24% increase from the £6.6bn profit generated in 2023.
00:31Income for its investment bank soared by 28% over the final quarter of the year, amid stronger activity in equity markets and increased deal-making.
00:43So I bet it's not only from Barclays which has seen its profits jump by a quarter last year.
00:48My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.