The first half financial results announced by British financial giant Barclays on the 28th were lower than expected. The repurchase of billions of dollars worth of securities that were mistakenly sold cost £ 1.9 billion.



Profit before tax was £ 3.7 billion ($ 4.51 billion), below £ 4.9 billion in the year-ago quarter, and below the average analyst estimate (£ 3.9 billion).


It echoed that £ 1.3 billion was recorded in the first half of the year to repurchase $ 17.6 billion worth of securities sold in violation of US regulations. But he was making a profit of £ 758m from hedging losses, which would have been even worse.


It also allocated $ 200 million in connection with a US regulator's investigation into employee misuse of communication tools.


Barclays will pay a dividend of 2.5p per share and will start buying back £ 500m of its own shares.