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| Barclays profits amid UK economic 'uncertainty' in UK | Barclays profits amid UK economic 'uncertainty' in UK |
| (32 minutes later) | |
| Barclays has reported a profit of £3.5bn for 2018, unchanged on the previous year. | Barclays has reported a profit of £3.5bn for 2018, unchanged on the previous year. |
| Its UK business made a provision of £150m for "anticipated economic uncertainty" related to Brexit. | |
| If the economy was to take a hit after Brexit, the extra allowance would help Barclays cover costs like rising bad debts. | |
| The bank's chief executive Jes Staley said 2018 had been a "very significant" year, with several issues resolved. | The bank's chief executive Jes Staley said 2018 had been a "very significant" year, with several issues resolved. |
| Last year it took charges of £2.2bn to cover legal issues and fines, including a large settlement with US regulators and, in the UK, compensation over PPI. | Last year it took charges of £2.2bn to cover legal issues and fines, including a large settlement with US regulators and, in the UK, compensation over PPI. |
| Barclays confirmed that it will pay a dividend of 6.5p this year. | |
| The company's management is under pressure from US-based financier Edward Bramson to raise its performance. | |
| Mr Bramson owns a 5.5% stake and wants to take a seat on the board. | |
| In a statement accompanying the latest results, Mr Staley said the bank plans to return a greater proportion of the earnings to shareholders, including buying back shares in the company, which traditionally supports the share price. |