Boss Agius apologises for failures at Barclays

Barclays chairman Marcus Agius yesterday said "sorry" to customers and shareholders for the failures that have led to it being at the centre of the public anger at bankers.

Mr Agius, who quit and then returned following the resignation of chief executive Bob Diamond, said: "These remain challenging times for Barclays as well as the industry and we are sorry for what happened... I am confident we can and will repair the reputational damage done to our business."

He added: "We recognise that we have disappointed our customers and shareholders." Barclays half-year results were better than the City expected.

Profits rose 13 per cent to £4.22bn, with the retail arm doing well and the investment bank more than holding its own. Income at the investment bank, formerly BarCap, was up 4 per cent to £6.49bn.

The shares rose 13.4p to 167p, the biggest gainer on the footsie.

Ian Gordon at Investec Securites, said: "It's one in the eye today for Barclays' many enemies and detractors. Barcap should continue to consolidate market share and enjoy a 'survivor's premium'."

Most Viewed
Most Commented
Most Shared

Get your summer started with British Military Fitness

BMF is the UK’s biggest and best loved outdoor fitness classes

Visit York Prizes & offers Business videos

Visit York

Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world

Military Fitness Prizes & offers Business videos

Enter the latest Independent competitions

Win anything from gadgets to five-star holidays on our competitions and offers page.

Military Fitness Visit York Business videos

Business videos from commercial thought leaders

Watch the best in the business world give their insights into the world of business.

Military Fitness Visit York Prizes & offers

Watch out Watford: Here comes the secretive Bilderberg Group

A meeting of global power brokers in a Hertfordshire hotel is exciting conspiracy theorists, but what are they really about?

'The ultimate all-in-one home entertainment system'

Microsoft finally unveils its Xbox ONE console

Plenty of Fish dating site founder pulls 'Intimate Encounters' option to ward off sleazy men

Plenty of sleaze

Dating website pulls intimate 'hook-up' section to curb harassment

Inferno author Dan Brown 'honoured' to be invited to join the Freemasons

The Freemasons’ Code

Dan Brown reveals the message that told him door to the lodge is open

How to say ‘I’m a sellout’

Tumblr’s David Karp’s message of reassurance to his staff sounded very familiar

Why clubs are keen to take a stand

There's a real desire around the grounds for safe standing. But will the authorities listen?

In the end the fans decided Tony Pulis had made a pig's ear of the job at Stoke City

Disillusion with a siege mentality and negative playing style made change inevitable

James Lawton: The James Hunt I knew is the subject of a new F1 movie

British driver was fascinating man whose epic duel with Niki Lauda in 1976 was typical of an era of glamour and glory – but also the ever-present threat of death

Stuart Hogg: Ready to climb his own Everest

Lions' cub, 20, joins long line of players from Scottish borders club Hawick given opportunity to make his mark at highest level

Steve Bunce on Boxing

Carl Froch handed rare chance of revenge with dream rematch against Mikel Kessler

Masculinity in crisis?

'There is a battle going on inside us that is never discussed'

Have US shock jocks gone too far?

An incendiary remark from Rush Limbaugh may be the beginning of the end for outspoken right-wing US broadcasters

The ‘Beverly Hills’ of Surrey

Elmbridge pays more income tax than big cities of the North

Heavenly Bodies

Michael Landy's artistic marriage made in heaven... and hell

'He will always be a friend'

Jackie Stewart backs Roman Polanski

Boss Agius apologises for failures at Barclays

Related articles

Comments

News in pictures

SPONSORED FEATURES