Barclays Seeks Approval for Increased Bonuses

Despite a 30% fall in profits and 12k job cuts announced in February, Barclays plans to increase the staff bonus pool to £2.38bn, up 10%.

Shareholders will vote at the AGM noting that many are frustrated that whilst the shares price from bad performance, there is a lack of consistency when relaying performance to the bonus pool.

The Institute of Directors has also highlighted that the 2013 bonuses was almost 3 times that of the £859m allocated as dividends for shareholders