Barclays market share hits 36%

The firm's net new lending totalled £12.5bn, up from £8bn in 2007, and sees Barclays' market share jump significantly from 8% to 36%. Gross advances were stable at £22.9bn, with redemptions of £10.4bn compared to £15bn in 2007. Barclays revealed its profits before tax reached £6.1bn, though that is a 14% decrease on 2007. After tax, the profits total £5.3bn, 4% up on the post-tax profits for 2007. Profits before tax in the UK retail business have climbed 7% from £1.28bn to £1.37bn. Impairment charges and other credit provisions at the bank totalled £5.419bn, an increase of 94% on the prio...