Barclays full year results

graeme at 11:09 a.m. Tue 16 Feb 2010

Barclays is up over 17% so far this morning on full year results that were much better than expected.

The profit growth was caused by a one-off gain on the disposal of Barclays Global Investors, and most of the banks major businesses are significantly less profitable than they were the previous year, so the good news needs some analysis before one can conclude that there has been a turnaround.

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