Barclays Plc (BCS,BARC.L) announced fourth-quarter statutory pre-tax loss of 466 million pounds, as against a profit of 813 million pounds in the 2011 period, while adjusted pre-tax profit jumped year-on-year to 1.09 billion pounds, from 528 million pounds.
On a statutory basis, quarterly loss after tax was 610 million pounds, versus a 602 million pounds profit last year.
Basic loss per share amounted to 6.8 pence this quarter, while it reported a 2.9 pence per share profit last year. However, adjusted basic earnings per share rose to 5.2 pence, from the prior year's 1.2 pence.
In 2013, the company seeks to reduce headcount by at least 3,700 across the Group, including 1,800 in the Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking. This is believed to result in a restructuring charge of about 500 million pounds in the first quarter of 2013.
Also, Barclays would reduce the Group's total cost base by 1.7 billion pounds to 16.8 billion pounds in 2015, including interim cost estimates of 18.5 billion pounds and 17.5 billion pounds in 2013 and 2014 respectively.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.