C. S. Venkatakrishnan

Barclays half-year profit rises 17% to £6.1bn, upgrades outlook and boosts bonuses; Asia investment banking push gains traction

Pre-tax profit hit £6.1 billion, beating forecasts, while the bonus pool rose almost 30% to £1.3 billion, prompting calls for higher bank taxes as the lender also raised full-year revenue guidance.