LONDON - British bank Barclays saw first-half net profits tumble by almost a third, hit by non-core losses and an impairment at its French retail division, it said Friday. "Our core businesses, Barclays UK and Barclays Corporate & International, continue to thrive." And the group made a pound sterling372-million impairment on its French retail, and wealth and investment management business. Pre-tax profits fell 21 percent to just over pound sterling2.0 billion in the same period. Earnings after taxation dived 31 percent to pound sterling1.1 billion ($1.45 billion, 1.31 billion euros) in the six months to June, compared with pound sterling1.6 billion a year earlier, Barclays said in a results statement.

Source: Bangkok Post July 29, 2016 07:41 UTC