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Three Quick Facts: Barclays, Metro Bank and Go Ahead Group

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Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Barclays profits beat analyst expectations

Full year results from Barclays [LON:BARC] this morning show annual profits almost trebling, beating analyst expectations. Significantly, the UK Banking division reversed over £370m worth of credit impairment as the economic fall-out from COVID-19 was less severe than had been thought. A £1billion share buyback is underway and the full year dividend will be increased to 4p.

#2. Metro Bank sustainable turn around plan in play

Metro Bank [LON:MTRO] has published full year results this morning. The bank has had a rough ride, but notes that it has successfully delivered its turn around strategy and now has the necessary momentum to find a path to profitability. Underlying pre-tax losses are down by 37%, with the performance in the second half notably better, adding to this idea that a sustainable recovery is now in play.

#3. Go Ahead Group results filing paves way for relisting of stock

Go Ahead Group [LON:GOG] has advised that it expects to publish its delayed full year results tomorrow, which will then pave the way for the business to apply for its shares and debt to resume trading.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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