Barclays in revenue push

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The Independent Online

Barclays is targeting up to £6.4bn of extra revenue by 2013 in a bid to increase shareholder returns.

Bob Diamond, chief executive, said he would move capital to businesses that could generate more than the cost of equity.

Antony Jenkins, retail banking head, damped speculation Barclays would buy a Spanish savings bank.

He said Barclays' low share price made deals difficult and that he would cut 20 per cent of Barclays' Spanish branches.