15 February 2023 - final results
The annual results from the leading banking group have come in below expectations with profits falling back by 14% due to rising costs and increased bad debt provisions as well as a downturn in fees earned on corporate deals. Pre-tax profits therefore emerged at £7.0bn as opposed to £8.2bn in 2021 and earnings per share fell,to 30.8p from 36.5p. The dividend for the year was increased to 7.25p from 6p a year earlier. The company has also announced a share buyback programme of £0.5bn. Although the shares . . .
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