Barclays profits jump a third to £6.07bn

The bank reports a 32% increase on the £4.59bn profit it made in 2009, despite "continued economic challenges", it says. Money put aside for bad loans fell 30% against a year earlier, at £5.67bn. Group performance-related pay was down 7% to £3.4bn compared with 2009, but up 12% at the bank's investment banking arm, Barclays Capital (BarCap). Barclays, which last month announced it would close its financial planning arm, says net fee and commission income were down 3% to £1,255m reflecting reduced income from Current Accounts and Barclays Financial Planning. Bonuses at Barcap to...