Barclays shares slump to their worst day since the Brexit vote after disappointing results

15:52 - 26 October 2017

Barclays reported its third quarter results on Thursday, and investors weren't happy.

Calm waters in the markets hurt trading revenues at Barclays in Q3.
The third quarter was clearly a difficult one for our Markets business," CEO Jes Staley said.
Shares plunge nearly 8% to see their biggest single day loss since June 24, 2016.

LONDON — Shares in banking giant Barclays had their worst trading session since the day after Britain voted to leave the EU last summer after a disappointing set of Q3 results for the lender dropped on Thursday morning.

On the surface, things looked reasonably good as profits jumped by 19% before tax compared to the same period in 2016, which the bank put down to

Essentially, global markets are too quiet for Barclays' markets business, which the bank said on Thursday was hit "hard" during the third quarter of 2017.