Dow Jones Newswires: Barclays backs guidance as results beat forecasts

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By Elena Vardon

Barclays PLC on Thursday backed its guidance for 2023 as it reported first-quarter results ahead of expectations driven by income growth and double-digit returns.

The U.K. bank posted a pretax profit for the three months ended March 31 of 2.60 billion pounds ($3.24 billion) compared with GBP2.234 billion a year earlier. Pretax…