Barclays Share News (BARC)

A limp performance in the US overnight and a tricky session in Asia this morning has resulted in London trading sideways in early dealings.Barclays has cut its staff bonuses by 7% even though profits jumped by a better than expected 32% as bad charges tumbled everywhere except Spain. Pre-tax profits in 2010 rose to £6.1bn, up from £4.59bn, and well ahead of forecasts of about £5.5bn. Bonuses were down 12% at Barclays Capital where profits rose 2% to £4.78bn excluding the effect of own credit. Lloyds is up in sympathy.Real estate investment trust British Land saw a solid increase in underlying pre-tax profit and net asset value (NAV) per share in its third quarter. Underlying profit before tax in the three months to 31 December 2010 was up 10% from a year earlier at £64m. Broker Panmure Gordon had forecast a figure of £65.7m. The group's portfolio at the end of the year was valued at £9.3bn, up 2.3% over the quarter and 13.1% higher than a year earlier. InterContinental Hotels Group (IHG) grew profit by 24% in 2010, but the Holiday Inns operator predicts a $3m hit this year from the recent unrest in Egypt. Pre-tax profit before exceptional items jumped to $382m from $309m in 2009 on revenue up 6% at $1.63bn. Supermarket chain Morrisons has made its long awaited first step into the online retailing world with the purchase of web-based retailer Kiddicare. It's paying £70m for the company and, more importantly, the rights to its technology platform, which could form the basis of Morrisons own online offering.Legacy software specialist Micro Focus has instigated a major cost cutting programme after revenues in the third quarter came in well short of expectations. The software firm will take a restructuring hit of between $14m and $18m in the final quarter of this year after the "disappointing" three months. Pizza delivery firm Domino's Pizza posted a 27% increase in profit before tax to £38m. Statutory profit fell to £35.2m from £41m. Like-for-like sales grew 11.9%, up from 8.4% the year before.Profits slumped by 49% at Yellow Pages publisher Yell during the last nine months of 2010 and earnings for the year are now expected to be slightly below market forecasts. Economic pressures and the shift to digital media were blamed for a slide in profit before tax to £38.6m in the period to 31 December from £75.1m in 2009. Revenue dropped 12% at £1.35bn. Peppa Pig franchise owner Entertainment One said it had another strong quarter with revenue and underlying EBITDA in the period continuing to track well ahead of the previous year. For the nine months to 31 December reported revenue was up 22% compared to the comparative period (14% at constant currency) boosted by good progress in the Film and Television businesses.