Barclays PLC (NYSE:BCS)
$ 13.4006 -0.0494 (-0.37%) Market Cap: 48.42 Bil Enterprise Value: -94.08 Bil PE Ratio: 9.12 PB Ratio: 0.54 GF Score: 68/100

Half Year 2021 Barclays PLC Fixed Income Analysts and Investors Earnings Call Transcript

Jul 28, 2021 / 02:00PM GMT
Release Date Price: $9.71 (+2.32%)
Operator

Welcome to the Barclays Half Year 2021 Results Fixed Income Conference Call. I will now hand you over to Tushar Morzaria, Group Finance Director.

Tushar Morzaria
Barclays PLC - Group Finance Director & Executive Director

Good afternoon, everyone, and welcome to the fixed income investor call for our half year 2021 results. I'm joined today by Kathryn McLeland, our Group Treasurer; and Dan Fairclough, our Group Head of Balance Sheet Management.

Let me start with Slide 3 and make a few brief comments before handing over to Kathryn. I'll start with a summary of our H1 performance before providing further details on impairment. We again saw the benefit of our diversified business model as the strength of the CIB performance continued to offset the effects of the pandemic on our consumer businesses. Overall income decreased 3%, albeit on a constant currency basis, income was up. And costs increased by GBP 0.6 billion to GBP 7.2 billion, including structural cost actions of GBP 0.3 billion.

After a small impairment charge in Q1, we had a large

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