UK's Barclay Hit by Bad Debt in Credit Card Operation

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004299-uks-barclay-hit-by-bad-debt-in-credit-car/

Barclays’ shares fell more than 2 percent in morning trading Tuesday, reflecting concerns over bad debts at its Barclaycard operations, dealers said.

Barclays began the morning by saying it was on track to meet analysts’ earnings forecasts for the full year, estimated at around 52.8 pence, or $0.91, a share. But it added that bad debt charges at Barclaycard had grown at a pace similar to that of the first half of the year during the January to September period as a whole.

For this complete story, please visit UK’s Barclay Hit by Bad Debt in Credit Card Operation.

UK's Barclay Hit by Bad Debt in Credit Card Operation

Unknown Author

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