Barclays climbs as investors cheer investment banking boost

  • Barclays PLC (LSE:BARC) shares rose 2.5% after second-quarter results beat expectations, with analysts highlighting the strong performance of the bank's investment banking business. UBS, which has a 'buy' rating and a 415p price target on the shares, says the results were driven by better-than-expected profits from the group's global banking and markets division.