9  November 2010 – interim management statement

Results from Barclays for the first nine-months of the year have pleased the market with the shares rising on the back of the announcement.  Adjusted profit before tax for the period was 6% higher than 2009 at £4.2bn and the market was also impressed with the declaration of a 3p dividend.  We recommended the shares as a trading buy in the last issue (buy at under 280p – sell at 325p) and suggest readers hang on for further progress.  BUY.