Barclays H1 profit down 33 pct on $4 bln writedown (The Economic Times)
Story date: 2008-08-07 03:55:12
Added on: 2008-08-07 04:00:17
Barclays Plc reported a 33 percent drop in first-half profits after taking a 2 billion pound writedown on the value of risky assets, and said challenging market conditions are likely to last through 2009.
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