Barclays Net Falls as Outlook Dims.

The article focuses on Great Britain's third-largest bank in terms of market value, Barclays PLC and its operating results for the first half of 2008. The bank reported that its net income for the period was down 35% from the same period in 2007. The bank's business has been affected by credit-related write-downs at its investment banking unit, Barclays Capital. A declining British economy and a rapid downturn in Spain's housing market has also affected operating results.