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Pre-tax profits at Barclays rise to £6bn after PPI claims end

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Analysts expect profit before tax to reach £6.05bn at Barclays in the 2019 financial year when it reports on Thursday, up from £5.7bn a year before, according to consensus figures compiled by the bank

Analysts expect profit before tax to reach £6.05bn at Barclays in the 2019 financial year when it reports on Thursday, up from £5.7bn a year before, according to consensus figures compiled by the bank

Analysts expect profit before tax to reach £6.05bn at Barclays in the 2019 financial year when it reports on Thursday, up from £5.7bn a year before, according to consensus figures compiled by the bank

Barclays will be first among the banks to present its annual results next week, as lenders hope to firmly put PPI behind them.

Analysts expect profit before tax to reach £6.05bn at Barclays in the 2019 financial year when it reports on Thursday, up from £5.7bn a year before, according to consensus figures compiled by the bank. These figures do not include litigation and conduct items.

A day later new Royal Bank of Scotland boss Alison Rose will hope to deliver the £3.77bn operating profit in the 2019 financial year that analysts are forecasting, according to a company-provided consensus, an increase from £3.359bn.

The deadline for claiming money back for mis-sold PPI (payment protection insurance) passed in August, making this the last PPI-influenced set of annual results.

Investors will be keeping an eye on the results season to see what direction Britain's biggest lenders are travelling in, analysts say.

Last month the Bank of England's Monetary Policy Committee decided not to slash interest rates.

Belfast Telegraph