By BBC
Barclays has reported a rise in profits after making “strong progress” in restructuring.
The bank reported a profit before tax of £3.2bn for 2016, up from £1.1bn the year before.
Its reorganisation has included the sale of its Africa business.
Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153
Barclays has also been selling off other parts of the business which the bank deems “non-core”, and it said it would bring forward the closure of the unit dealing with this by six months.
Chief executive Jes Staley said the “non-core” unit would close on 30 June.
“We are now just months away from completing the restructuring of Barclays, and I am more optimistic than ever for our prospects in 2017, and beyond,” Mr Staley said.
