Barclays beats forecasts but gives cautious outlook

Adjusted profits at UK lender Barclays came in well above expectations in the first quarter of 2012, but the company gave a cautious outlook owing to 'continued challenging market conditions'.

Adjusted profits at UK lender Barclays came in well above expectations in the first quarter of 2012, but the company gave a cautious outlook owing to 'continued challenging market conditions'.

Adjusted pre-tax jumped 22% from £2,004m registered in the first three month of 2011 to £2,445m this year. Consensus estimates were for similar level of profit as the year before.

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