# Barclays lifts quarterly profit 12% and announces £500m buyback

- URL: https://talkfuse.com/story/barclays-profits-jump-ahead-of-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-business-live/
- Published: 2026-10-22T06:44:48+00:00
- Updated: 2026-10-22T07:07:25+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/oct/22/barclays-profits-jump-looming-bank-tax-french-bond-yields-hit-fresh-24-year-high-latest-live-updates
- Topics: Art, Business, Culture, Economy, Markets

## Key points

- Barclays’ quarterly pre-tax profit rose 12% to £2.3bn.
- The bank announced a £500m share buyback.
- French borrowing costs reached a 24-year high.

## Summary

Barclays reported higher profits and announced a £500m share buyback as the UK government considers increasing taxes on banks in next week’s budget. The results underline the lender’s strong shareholder returns, while the prospect of a tax rise is putting the sector in focus.

Pre-tax profit rose 12% to £2.3bn in the three months to 30 September, and UK lending grew 7%, including 14% growth in corporate loans. The investment bank brought in £3.1bn, below forecasts, as fixed-income trading income fell 19%; Barclays has returned £2.8bn to shareholders this year. Elsewhere, France’s 10-year borrowing yield reached 5.039%, its highest since 2002, while Brent crude rose above $111 a barrel amid supply concerns.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.