Barclays Plc reported higher profit in the second quarter with increased income. The company also announced a 1 billion pounds share buyback and a half year dividend of 3.0p per share. Looking ahead, Barclays remains on track to achieve its three-year plan objectives. The company projects Group net interest income of over 12.5 billion pounds for fiscal 2025 and total income of around 30 billion pounds for fiscal 2026. In the second quarter, profit before tax rose 28 percent to 2.48 billion pounds. Group income was 7.19 billion pounds, up 14% from the previous year. Attributable profit grew 34 percent year-over-year to 1.66 billion pounds.

Read more at Nasdaq: Barclays Q2 Results Climb, On Track With Targets; Plans GBP 1 Bln Buyback