Barclays revises 2012 profits higher after accounting changes

Banking giant Barclays on Tuesday restated its 2012 financial results, saying that changes to accounting rules mean that last year's profits should have been over half a billion pounds higher.

Banking giant Barclays on Tuesday restated its 2012 financial results, saying that changes to accounting rules mean that last year's profits should have been over half a billion pounds higher.

The company released an updated version of its full-year results that take into account the IFRS 10 and IAS 19 rules which came into effect on January 1st 2013.

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