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Barclays PLC on Tuesday announced an efficiency drive, a new divisional reporting line-up and a plan to return GBP10 billion to shareholders over the next three years.
Shares were 6.6% higher at.
The British bank, which is mainly known for its global investment banking and markets franchise, achieved a return on tangible equity of 9% for 2023, according to a statement on Tuesday.
Barclays laid out
plans and revised targets in an attempt to boost its appeal to
investors on Tuesday. Here is a summary of the Barclays strategy. REVISED.