1. Barclays Buoyed in Activist Battle by Investment Banking Gains

    Barclays Buoyed in Activist Battle by Investment Banking Gains

    LONDON (Reuters) - Barclays hit back at its activist shareholder critic by reporting rising annual income at its investment bank but sounded a note of caution with a 150 million pound provision against possible losses due to Brexit. Barclays shares rose 3.5 percent on Thursday as investors looked past an annual profit of £3.5 billion that came in below expectations, focusing instead on progress in its investment bank where profit increased 15 percent...

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    1. As a seller of Barclays, one's principal concern is always that the results will be so bad that management is forced to revisit a strategy that is hardwired to destroy shareholder value.
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