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Evening Standard
Evening Standard
Business
Simon English

Barclays hands £3 billion to shareholders despite profits decline

Barclays shares surged today as the bank unveiled an ambitious shake-up including plans to return £10 billion to shareholders in the next three years.

That will involve cost cuts of £2 billion and some inevitable job losses, though the bank declined to say how many more would come on top of 5000 cut last year.

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