Thursday, May 7, 2009

Retail weakness weighs on Barclays

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FT.com
 All times are London time: Thursday May 07 2009

Breaking news
Retail weakness weighs on Barclays
Profits at the retail and commercial banking arm of Barclays almost halved in the first three months of 2009 as British consumers and businesses struggled to maintain loan repayments.

Lloyds Banking Group also said that it expected impairment charges on corporate loans to rise by more than half in 2009 as a result of economic weakness.

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