Barclays Rises as Return to Profit Buoys CEO’s Overhaul
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Barclays Plc jumped the most in almost three months after the U.K.’s second-largest lender returned to profit, a sign Chief Executive Officer Antony Jenkins’s overhaul may be starting to pay off.
Barclays led the gainers on Britain’s benchmark FTSE 100 Index, advancing 4.2 percent to 228.40 pence in London, the biggest increase since May 8. The stock has declined 16 percent this year, the worst performance of Britain’s big five lenders.