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Barclays' Core Business Beats Expectations in First Half

Britain's Barclays (BCS) beat expectations for first-half earnings from its core business on Friday, indicating that long-sought-after restructuring benefits are beginning to feed through.

Profit before tax from the group's core business, which includes the retail, commercial and investment banks as well as the credit-cards business, rose by 18.5% to £3.9 billion ($5 billion). Losses before tax in the non-core division widened to £1.9 billion from £745 million one year...