Barclays Africa jumps on higher profit

Johannesburg - Shares in Barclays Africa climb more than 4 percent after the British lender's African unit lifts annual profit by 14 percent thanks to a decline in bad loans.

Barclays Africa is up 4.22 percent at 129.30 rand, on course for the biggest daily gain since July last year.

A logo hangs outside a branch of Barclays bank in the City of London. Credit: REUTERS

The company said diluted headline earnings per share totalled 1,396.6 cents in the year to end-December, from 1,227.6 cents a year earlier. - Reuters