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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
London - British bank Barclays Plc said its profit fell 9% from a year ago as it took a hit on the value of its own credit and income at its key investment banking arm dipped.
Barclays reported a pretax profit of £1.66bn for the January-March period, just below forecasts and down from £1.82bn a year ago. Adjusted profit, stripping out movement in its own credit, was £2bn, up 10% on the year.
Its key Barclays Capital investment bank arm contributed underlying profit of £1.3bn, down 15% on a year ago, as top-line income came in at £3.3bn, down from £3.8bn a year ago and just below expectations.
Barclays owns 56% of Absa Group [JSE:ASA], and has recently indicated that it wanted to hike its stake.