Barclays profits surge ahead of tense AGM

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Barclays has announced a surge in profits by over a fifth in the first quarter of 2012, ahead of an expected shareholder rebellion over executive pay.

Adjusted pre-tax jumped 22% from just over £2bn registered in the first quarter of 2011 to £2.445bn this year, well above expectations. The results come after Barclays revised the terms of chief...

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