Barclays H1 net up but BarCap disappoints

UK bank reports rise in net profit for the first half but investment banking arm marks fall in top-line income

Barclays on Thursday reported a 29% rise in net profit for the first half of the year on lower bad-debt charges and gains from its own debt.

The UK bank's Barclays Capital, however, reported a 32% fall in top-line income, following a similar trend among US peers. BarCap has now a considerable business in the US after it acquired Lehman Brothers' North American operations in late 2008.

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