Barclays restructures amid profits fall

Tuesday, March 01, 2016

Barclays has reported a drop in full-year profits and a restructuring, including a reduction of its stake in its Africa business.

Underlying annual profits for 2015 fell 2% to £5.4bn. The bank said it would cut its dividend by more than half to 3p per share in 2016 and 2017.

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