Barclays profit surges as investment bank reaps reward of volatility

Barclays has reported an impressive seventeen percent increase in profits for the first half of the year, exceeding analyst predictions and enhancing the bank's optimism. In addition, they announced a significant one billion pound share buyback scheme and updated their full-year…

Barclays profit surged ahead of expectations in the second quarter of the year as market turmoil fuelled a bumper performance in its investment bank. The FTSE 100 giant revealed it would launch a new £1bn share buyback after pre-tax profit jumped 17 per cent from the prior year…