David Battersby
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Barclays results 'above expectations'

Barclays bank beat forecasts with a 22% rise in first-quarter profit.

Although the overall figure was a £475m pound loss because of insurance mis-selling compensation, a strong rebound in revenue from its investment banking arm and a drop in bad debt countered the bigger compensation payouts.

Barclays Annual General Meeting will take place on Friday and bonuses for Barclays top executives will once again be back in the spotlight.

However, David Battersby, Banking Analyst at Redmayne Bentley told the BBC the bonus question has largely been resolved and, "we now move forward with getting returns to shareholders up".

  • 26 Apr 2012
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