Barclays has announced record results for the first half of 2004.
The results included strong performances from Barclays Capital, the investment banking division, and Barclays Global Investors (BGI).Together, Barclays Capital and BGI represented 31% of the Barclays total profit before tax for the first six months of 2004.
Barclays Capital reported profit before tax of £599 million ($1.1 billion) on total revenues of £1.7 billion ($3.1 billion), representing a 37% increase in profit before tax from the same period in 2003.
BGI reported profit before tax of £150 million ($272 million) on total revenues of £423 million ($770 million), an increase of 76% in profit before tax over the same period in 2003.