Barclays unveils £500m buyback as third-quarter profit climbs
Barclays posted a 12% rise in pre-tax profit in the third quarter, while Relx kept its full-year outlook. Source: TradingView, citing Sharecast.
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what happened
Barclays lifted its third-quarter pre-tax profit by 12% to £2.3bn, and earnings per share rose 18% to 12.3p. Return on tangible equity reached 11.7%, up from 10.6% a year earlier. The bank also announced a £500m share buyback and said it expects a RoTE above 12% in 2026. Chief executive CS Venkatakrishnan said the group has either met or is on course to meet most of its 2026 targets.
Relx reported that trading stayed strong across the first nine months of 2026, with underlying revenue up 7% and fast growth in its analytics and decision tools businesses. The company reaffirmed its full-year guidance for solid growth in revenue, adjusted operating profit and earnings per share.
US stocks closed higher on Wednesday. The Dow Jones Industrial Average gained 0.69% to 52,856.09, the S&P 500 rose 0.58% to 7,757.17, and the Nasdaq Composite added 1.05% to 26,702.86.
why it matters
The £500m buyback supports Barclays' share price and signals management's confidence in its capital position. For UK investors, bank results like these matter for the wider financial sector and can influence the FTSE 100.
market impact
UK banks and FTSE 100: strong results and buyback support Barclays shares
tags
instruments
sources
- Barclays launches £500m buyback as profits rise, Relx reiterates FY outlook following strong YTD performance — TradingView, 22 October 2026 at 06:38 UTC
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