UK bank Barclays said on Tuesday its annual profit slid on a large restructuring charge, but shares rallied on a £10-billion ($12.6-billion) plan to return cash to investors.
Profit after tax slid 15% to £4.3 billion last year on a £900-million charge for the fourth quarter, Barclays revealed in a results statement.
The lender, fresh from axing 5,00 jobs last year, outlined a plan to slash another £2.0 billion in costs in the coming years but did not specify further cutbacks.
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