GLOBAL - Barclays Global Investors profit before tax decreased 19% in 2008, to £595m (US$888m) from £734m posted in 2007.
The company said its profit was hit by the cost of provision of selective support of liquidity products of £263m and an 8% appreciation in the average value of the US dollar against sterling. In...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
