About: http://data.cimple.eu/news-article/29fd2b2ff1288038d5c7e24b480ebd0ec5d38a7ef1889b16c6bde338

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About: http://data.cimple.eu/news-article/29fd2b2ff1288038d5c7e24b480ebd0ec5d38a7ef1889b16c6bde338 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Barclays said Friday that it rebounded into profit in the third quarter after a vast mis-selling charge a year earlier, but cautioned over the outlook due to coronavirus and Brexit. Profit after taxation hit £611 million ($801 million, 677 million euros) in the three months to the end of September, Barclays said in a statement. That contrasted with a net loss of £292 million in the third quarter of 2019, when it had taken a massive charge of £1.4 billion to compensate customers who had been mis-sold payment protection insurance (PPI) over a number of years. Pre-tax profit soared to £1.1 billion from just £200 million a year earlier, while group income dipped six percent to £5.2 billion. The lender also booked £608 million of impairment charges for the reporting period. Barclays added that the "outlook remains uncertain and subject to change depending on the evolution and persistence of the Covid-19 pandemic and the outcome of Brexit negotiations". And the company warned that it was also mulling further cost-cutting. "The group will be evaluating actions to reduce structural costs, which could result in additional charges, the timing and size of which remain to be determined," it said. rfj/spm
schema:headline	Barclays bank rebounds into quarterly net profit
schema:mentions	Brexit negotiations Evolution Brexit Pandemic Coronavirus Coronavirus disease 2019 Payment protection insurance in the United Kingdom Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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