Barclays Profit £7.14bn

Barclays, the UK’s third largest bank, on Tuesday reported a 35 per cent jump in pre-tax profits last year, to £7.14bn from £5.28bn in 2005, lifted by a strong performance from Barclays Capital.

BarCap, the debt-focused investment banking unit, saw profits jump by 55 per cent to £2.22bn, which helped to offset weaker parts of the bank like Barclaycard, the credit card operation, where profits dipped by 40 per cent to £382m.