Summary re Interim Rslts-Pt.1

Barclays PLC
3 August 2000


PART 1
                                      
                     BARCLAYS PLC 2000 HALF YEAR RESULTS
                                      
HIGHLIGHTS

- Operating income rose by 13% to £4,676 million from £4,146 million in
  1999

- Operating profit after provisions rose by 24% to £1,770 million from
  £1,431 million in 1999*

- Profit before tax rose to £1,842 million from £967 million in 1999.
  This year's profit before tax was boosted by £178m gain on the sale of DIAL
  (compared with a deficit in 1999 of £119m on the sale of Merck Finck).
  Restructuring charges were £106m compared with £345m in 1999.

- Economic profit increased to £829 million from £379 million in 1999

- Earnings per share increased to 88.9p from 46.2p in 1999

- Dividend per share rose 14% to 20.0p from 17.5p in 1999


Barclays Group Chief Executive, Matthew Barrett commented: -

'We are engaged in a major transformation of the Bank, aimed at creating
benefits for customers in terms of superior products and services, thereby
creating value for shareholders.  The results of this are beginning to show;
the first half of this year has been one of acquiring new customers,
increasing business from existing customers, and improving productivity.

'These results are also testament to the value we provide to a wide spectrum
of customer groups through a diverse range of products'.

*   Figures exclude the 1999 and 2000 restructuring charges
    


For further information please contact:

Media Relations
Leigh Bruce                             Maria Darby/Pam O'Keeffe
Director, Corporate Communications           Group Media Relations
Tel: [phone]                      Tel: [phone]

Investor Relations
Ian Roundell
Head of Investor Relations
Tel: [phone]

Photographs of the Barclays Chairman, Chief Executive and Finance Director
will be available from www.newscast.co.uk from 1.00pm.

The full results document is available from: www.investor.barclays.com


                           BARCLAYS PLC - SUMMARY
                  RESULTS FOR SIX MONTHS TO 30TH JUNE 2000
                                      
                                      Half-year ended
                                  30.6.00   31.12.99   30.6.99
                                       £m        £m        £m
                                                             
Operating profit before             2,145     1,808     1,751
provisions*
                                                             
Provisions for bad and doubtful     (376)     (301)     (320)
debts
                                                             
Operating profit*                   1,770     1,506     1,431
                                                             
Restructuring charge                (106)         1     (345)
                                                             
Exceptional items                     178      (19)     (119)
                                                             
Profit before tax                   1,842     1,488       967
                                                             
Tax charge                          (488)     (395)     (249)
                                                             
Profit attributable to              1,320     1,063       696
shareholders
                                                             
Earnings per share                  88.9p     71.3p     46.2p
                                                             
Earnings per share (based on        81.9p     72.1p     70.7p
operating profit above)*
                                                             
Dividend per share                  20.0p     32.5p     17.5p
                                                             
Economic profit                       829       607       379

*Operating profit shown above excludes the 1999 and 2000 restructuring
 charges.  Earnings per share and post-tax return on average shareholders'
 funds based on this operating profit also excludes exceptional items.

- Operating profit rose by 24% to £1,770 million (1999: £1,431 million).
  Earnings per share increased to 81.9p (1999: 70.7p).
  
- Operating income increased 13% to £4,676 million (1999: £4,146 million)
  and operating costs rose by 6% to £2,531 million (1999: £2,395 million).
  
- Total costs rose by 6% to £2,531 million (1999: £2,395 million) as a
  result of increases in strategic investment and revenue related costs.
  Business as usual costs were maintained at £2,099 million (1999: £2,090
  million).
  
- The post-tax return on average shareholders' funds improved to 27.2%
  (1999: 25.5%).
  
- The interim dividend increased by 14% to 20.0p (1999: 17.5p).
  
- Shareholders' funds were £9.2 billion at 30th June 2000 (31st December
  1999: £8.5 billion) and the tier 1 ratio was 8.0% (31st December 1999:
  7.5%).  The Group's economic capital requirement is estimated to be around
  £7.5 billion to support its current business requirements and to allow for
  future growth.
  
- The Group returned £309 million of capital to shareholders in the first
  half of 2000.
  

- Retail Financial Services increased operating profit by 32% to
  £822 million (1999: £621 million).  Net interest income improved by 7% as a
  result of growth in UK consumer lending, mortgage lending and savings
  balances.  Net fees and commissions grew by 8% benefiting from increases in
  both Retail Customers and Wealth Management.  Total costs fell 3% despite an
  increase in strategic investment expenditure.
  
- Barclaycard's operating profit of £195 million was at the same level as
  the first half of 1999.  Net interest income rose by 12% and benefited from
  increased extended credit balances.  Fees and commissions grew 10% as a
  result of increased transaction volumes.  Total costs increased by 12% to
  £218 million (1999: £195 million) primarily reflecting higher strategic
  investment expenditure of £33 million (1999: £16 million).
  
- Corporate Banking produced a strong performance with an improvement in
  operating profit of 18% to £541 million (1999: £458 million).  Net interest
  income rose 8% reflecting the growth in customer lending balances.  Fees and
  commissions increased 12% as a result of higher volumes of lending related
  fees and foreign exchange related income.
  
- Overall banking margins fell to 3.17% (1999: 3.50%), reflecting the
  impact of increased levels of wholesale business and some reductions in
  overall UK margins in Retail Financial Services, Corporate Banking and
  Barclaycard.
  
- Barclays Capital increased operating profit by 25% to £218 million
  (1999: £175 million) reflecting strong performance in both the Rates and
  Credit businesses.

- Barclays Global Investors' operating profit rose by 18% to £33 million
  (1999: £28 million) benefiting from new business growth in assets under
  management and increased sales of higher margin products.  Total assets
  under management increased to £529 billion (31st December 1999: £486
  billion).

- Total provisions for bad and doubtful debts rose by £56 million to £376
  million, primarily as a result of higher levels of new and increased
  provisions reflecting increased volumes of new business in Retail Financial
  Services and Barclaycard.

- The exceptional profit of £178 million reflected a £186 million profit
  on the sale of the Dial business in June 2000.
  
- Economic profit increased to £829 million (1999: £379 million).

                                BARCLAYS PLC
                              HALF YEAR REVIEW

We have built on our 1999 performance with strong results in the first half
of 2000.  Operating profit improved to £1,664 million.  Earnings per share
increased to 88.9p from 46.2p and post tax return on equity rose to 29.6%.
As a result the interim dividend is being increased by 14% to 20p.

Total revenues were up 13% to £4,676 million.  We have seen revenue growth
across all of our main businesses as they continue to build momentum.

The diversification of our portfolio of businesses, customer segments and
geographic coverage makes us less vulnerable as a Group to market
discontinuity in any one product line or market place.

Retail Financial Services profit improved by over 30% to £822 million
reflecting good performances in consumer lending, mortgages and savings.
Wealth Management is an important area of focus.  In the last six months the
Wealth Management business made a good contribution, particularly in
Stockbrokers, Private Banking and Offshore Services.

Barclaycard's profit was flat at £195 million with an 11% increase in
revenues to £523 million partly offset by increased strategic investment
spend in developing information management capabilities, international
expansion and e-commerce initiatives.

Corporate Banking recorded an 18% rise in profit to £541 million.  We
continue to develop the quality of our customer proposition in the United
Kingdom.  Our improved customer service approach to the UK middle market is
generating record satisfaction levels with customers and helping us win new
customers and improve product penetration in an increasingly competitive
market.

Barclays Capital increased profits by 25% to £218 million, with both the
Rates and Credit Businesses performing well.  Our unique debt-focused
approach and global model is gaining us new and repeat business from clients
in the United Kingdom, United States, Asia and the rest of Europe.  As
European credit markets expand we benefit from a leading market position in
loans and bonds.

Barclays Global Investors (BGI) profit increased by 18% to £33 million,
reflecting strong new business volumes in the core United States and United
Kingdom businesses offset by continuing investment in key strategic
initiatives, including exchange traded funds.  Assets under management
increased to £529 billion, from £486 billion at 31st December 1999.

The first six months saw good progress in the overhaul of everything we do
for customers to achieve superiority in service quality and product
proposition.  Customers can expect to see continuing improvement in the
range of products and channels.  We have gained new customers across all
businesses and our existing customers showed a trend of increased business
with us.

Technology will play an important part in our plans.  We are bringing new
customer applications to market at scale.  Our small business joint venture
with Freeserve provides a broad range of on-line information and services to
UK small businesses.  In addition, Barclays B2B.com will provide a direct
channel for the sale and delivery of business services.

In the future, technology will enable us to provide much wider functionality
and information plus the capability to deliver our services over mobile
devices and interactive TV.  WAP-enabled mobile phone services will be
operational for both Barclaycard and Stockbrokers by the end of the year.

The level of investment required over the next few years will be
substantial.  We believe we have a proper fully integrated e-enablement
strategy which will be vital in determining success in this market.

As a foundation for implementing value-based management, we have identified
an initial structure of key lines of business in the Group, each of which
will be tasked with achieving the highest possible value within the Group.
Accordingly, each of these businesses and the corporate centre will
explicitly base decision making on the standard of maximising shareholder
value creation.

As we look forward to another challenging period ahead, we are immensely
encouraged by the continued dedication, support and sheer hard work of all
the Group's staff.  Together we will continue to drive hard towards our goal
of doubling economic profit every four years.

SIR PETER MIDDLETON                          MATTHEW W. BARRETT
GROUP CHAIRMAN                               GROUP CHIEF EXECUTIVE
                                      
  
                                      
                            FINANCIAL HIGHLIGHTS
                                      
                                      Half-year ended
                                  30.6.00   31.12.99   30.6.99
RESULTS                                £m        £m        £m
Net interest income                 2,471     2,349     2,278
Non-interest income                 2,205     1,864     1,868
Operating income                    4,676     4,213     4,146
Operating expenses*               (2,531)   (2,405)   (2,395)
Operating profit before             2,145     1,808     1,751
provisions*
Provisions for bad and doubtful     (376)     (301)     (320)
debts
Provisions for contingent               1       (1)         -
liabilities and commitments
Operating profit*                   1,770     1,506     1,431
Restructuring charge                (106)         1     (345)
Exceptional items                     178      (19)     (119)
Profit before tax                   1,842     1,488       967
Profit retained                     1,025       579       434
Economic profit                       829       607       379
                                                             
BALANCE SHEET                                                
Shareholders' funds                 9,237     8,483     8,219
Loan capital                        4,748     4,597     4,117
Total capital resources            14,750    13,432    12,685
Total assets                      286,385   254,793   241,265
Weighted risk assets              123,483   115,878   113,994
                                                             
PER ORDINARY SHARE                      P         P         P
Earnings                             88.9      71.3      46.2
Earnings (based on operating         81.9      72.1      70.7
profit above)*
Dividend                             20.0      32.5      17.5
Net asset value                       626       568       547
                                                             
PERFORMANCE RATIO                       %         %         %
Post-tax return on average           29.6      25.6      16.8
shareholders' funds
Post-tax return on average                                   
shareholders' funds (based on        27.2      24.4      25.5
operating profit above)*
                                                             
RISK ASSET RATIO                                             
Tier 1                                8.0       7.5       7.4
Total                                11.5      11.3      10.9
                                                             
GROUP YIELDS, SPREADS & MARGINS         %         %         %
Gross yield                          7.04      6.78      6.90
Interest spread                      2.60      2.81      2.96
Interest margin                      3.17      3.30      3.50
                                                             
EXCHANGE RATES                      US$/£     US$/£     US$/£
Period end                           1.51      1.62      1.58
Average                              1.57      1.62      1.62

* Operating profit shown above excludes the 1999 and 2000 restructuring
  charges.  Earnings per share and post-tax return on average shareholders'
  funds based on this operating profit also excludes exceptional items.


                             SUMMARY OF RESULTS
                                      
                                      Half-year ended
PROFIT BEFORE TAX                 30.6.00   31.12.99   30.6.99
                                       £m        £m        £m
Retail Financial Services             822       691       621
Barclaycard                           195       206       195
Corporate Banking                     541       489       458
Barclays Capital                      218       136       175
Barclays Global Investors              33        15        28
Other operations                        6        23      (10)
Head office functions                (39)      (47)      (30)
Goodwill amortisation                 (6)       (7)       (6)
Operating profit                    1,770     1,506     1,431
Restructuring charge                (106)         1     (345)
Exceptional items                     178      (19)     (119)
                                    1,842     1,488       967

TOTAL ASSETS                      30.6.00   31.12.99   30.6.99
                                       £m        £m        £m
Retail Financial Services          42,799    41,383    39,375
Barclaycard                         7,696     7,343     6,401
Corporate Banking                  51,209    47,422    46,662
Barclays Capital                  170,950   144,811   135,941
Barclays Global Investors             255       232       199
Other operations and Head office    5,462     5,562     5,174
functions
Retail life-fund assets             8,014     8,040     7,513
attributable to policyholders
                                  286,385   254,793   241,265

WEIGHTED RISK ASSETS              30.6.00  31.12.99   30.6.99
                                       £m        £m        £m
Retail Financial Services          27,503    26,152    25,354
Barclaycard                         7,697     7,210     6,333
Corporate Banking                  52,502    48,218    47,683
Barclays Capital                   33,388    32,032    31,652
Barclays Global Investors             653       456       297
Other operations                    1,740     1,810     2,675
                                  123,483   115,878   113,994
                                                                            
                        
              CONSOLIDATED PROFIT AND LOSS ACCOUNT (UNAUDITED)

                                      Half-year ended
                                  30.6.00  31.12.99   30.6.99
                                       £m        £m        £m
                                                             
Interest receivable                 5,491     4,823     4,497
Interest payable                  (3,022)   (2,477)   (2,219)
Profit on redemption/repurchase         2         3         -
of loan capital
Net interest income                 2,471     2,349     2,278
Net fees and commissions            1,602     1,515     1,417
receivable
Dealing profits                       415       234       322
Other operating income                188       115       129
Total non-interest income           2,205     1,864     1,868
Operating income                    4,676     4,213     4,146
Administration expenses - staff   (1,606)   (1,389)   (1,668)
costs
Administration expenses - other     (902)     (872)     (935)
Depreciation and amortisation       (129)     (143)     (137)
Operating expenses                (2,637)   (2,404)   (2,740)
Operating profit before             2,039     1,809     1,406
provisions
Provisions for bad and doubtful     (376)     (301)     (320)
debts
Provisions for contingent               1       (1)         -
liabilities and commitments
Operating profit                    1,664     1,507     1,086
Exceptional items                     178      (19)     (119)
Profit on ordinary activities       1,842     1,488       967
before tax
Tax on profit on ordinary           (488)     (395)     (249)
activities
Profit on ordinary activities       1,354     1,093       718
after tax
Minority interests (equity and       (34)      (30)      (22)
non-equity)
Profit for the period                                        
attributable to the members of      1,320     1,063       696
Barclays PLC
Dividends                           (295)     (484)     (262)
Profit retained for the period      1,025       579       434
                                                             
Earnings per ordinary share         88.9p     71.3p     46.2p
                                                             
Earnings per ordinary share                   72.1p          
before restructuring charge and     81.9p               70.7p
exceptional items
                                                             
Dividend per ordinary share:                                 
First interim (payable 3rd          20.0p         -     17.5p
October 2000)
Second interim                          -     32.5p         -



                    CONSOLIDATED PROFIT AND LOSS ACCOUNT
                   BEFORE RESTRUCTURING CHARGE (UNAUDITED)

                                      Half-year ended
                                  30.6.00  31.12.99   30.6.99
                                       £m        £m        £m
Interest receivable                 5,491     4,823     4,497
Interest payable                  (3,022)   (2,477)   (2,219)
Profit on redemption/repurchase         2         3         -
of loan capital
Net interest income                 2,471     2,349     2,278
Net fees and commissions            1,602     1,515     1,417
receivable
Dealing profits                       415       234       322
Other operating income                188       115       129
Total non-interest income           2,205     1,864     1,868
Operating income                    4,676     4,213     4,146
Administration expenses - staff   (1,514)   (1,444)   (1,421)
costs
Administration expenses - other     (888)     (818)     (837)
Depreciation and amortisation       (129)     (143)     (137)
Operating expenses                (2,531)   (2,405)   (2,395)
Operating profit before             2,145     1,808     1,751
provisions
Provisions for bad and doubtful     (376)     (301)     (320)
debts
Provisions for contingent               1       (1)         -
liabilities and commitments
Operating profit before             1,770     1,506     1,431
restructuring charge
Restructuring charge                (106)         1     (345)
Exceptional items                     178      (19)     (119)
Profit on ordinary activities       1,842     1,488       967
before tax

The results shown on page 8 include the 1999 and 2000 restructuring charges
within operating expenses.  The table above presents operating expenses
excluding the restructuring charge.



                   CONSOLIDATED BALANCE SHEET (UNAUDITED)

                                      Half-year ended
                                  30.6.00   31.12.99   30.6.99
Assets:                                £m        £m        £m
Cash and balances at central          588     1,166       780
banks
Items in course of collection       2,660     2,492     2,709
from other banks
Treasury bills and other eligible   9,584     7,176     8,321
bills
Loans and advances to banks
                  - banking         9,678    13,071    14,214
                  - trading        30,607    26,555    23,228
                                   40,285    39,626    37,442
Loans and advances to customers
                  - banking        99,893    95,006    88,952
                  - trading        34,547    21,562    19,671
                                  134,440   116,568   108,623
Debt securities                    61,380    53,919    48,756
Equity shares                       9,947     5,604     8,011
Interests in associated                97       106       131
undertakings and joint ventures
Intangible fixed assets -             188       183       209
goodwill
Tangible fixed assets               1,731     1,800     1,878
Other assets                       17,471    18,113    16,892
                                  278,371   246,753   233,752
Retail life-fund assets             8,014     8,040     7,513
attributable to policyholders
Total assets                      286,385   254,793   241,265
                                                             
Liabilities:                                                 
Deposits by banks   - banking      39,624    26,915    24,863
                    - trading      19,908    17,571    14,213
                                   59,532    44,486    39,076
Customer accounts   - banking     112,464   105,027    98,629
                    - trading      27,875    18,939    18,316
                                  140,339   123,966   116,945
Debt securities in issue           18,388    23,329    22,976
Items in course of collection due   1,252     1,400     1,308
to other banks
Other liabilities                  44,110    40,140    40,762
Undated loan capital -                330       309       317
convertible to preference shares
Undated loan capital - non-         1,475     1,440     1,463
convertible
Dated loan capital - non-           2,943     2,848     2,337
convertible
                                  268,369   237,918   225,184
                                                             
Minority interests and                                       
shareholders' funds:
Minority interests: equity             86        82        72
Minority interests: non-equity        679       270       277
Called up share capital             1,477     1,495     1,503
Reserves                            7,760     6,988     6,716
Shareholders' funds: equity         9,237     8,483     8,219
                                   10,002     8,835     8,568
                                  278,371   246,753   233,752
Retail life-fund liabilities        8,014     8,040     7,513
attributable to policyholders
Total liabilities and             286,385   254,793   241,265
shareholders' funds

                                                 
                     ADDITIONAL INFORMATION (UNAUDITED)
                                      
                                  KEY FACTS
                                      
                                      Half-year ended
                                   30.6.00  31.12.99 30.6.99
                                                            
RETAIL FINANCIAL SERVICES                                   
                                                            
Number of UK branches                1,728     1,899   1,945
                                                            
Retail Customers                                            
UK current account customers          8.1m      8.1m    8.0m
UK savings account customers          4.0m      3.8m    3.7m
UK Small Business customers        442,000   440,000 440,000
UK customers registered for      1,109,000 1,000,000 943,000
Barclaycall
UK customers registered for on-  1,110,000   500,000 342,000
line banking
Africa - number of countries            10         9      10
represented
Africa - customer deposits          £1.7bn    £1.6bn  £1.5bn
                                                            
Wealth Management                                           
Customers in continental Europe    311,000   307,000 304,000
Total customer funds               £69.3bn   £66.0bn £61.2bn
Stockbrokers - deal volumes per      8,900     6,600   6,400
day
Caribbean - number of countries         14        14      14
represented
Caribbean - customer deposits       £3.4bn    £3.1bn  £3.0bn
                                                            
BARCLAYCARD                                                 
                                                            
UK Barclaycards in issue             10.1m      9.7m    9.5m
International cards in issue          1.1m      1.0m    0.8m
Number of merchant transactions       560m      600m    500m
processed
Customers registered for internet  235,000   111,000  52,000
account services
                                                            
CORPORATE BANKING                                           
                                                            
Number of UK Corporate Banking     112,000   112,000 112,000
connections
- Mid corporate connections         96,000    96,000  96,000
- Larger business connections       14,000    14,000  14,000
- Large corporate connections        2,400     2,200   2,100
Customers registered for            36,000    29,000  25,000
electronic banking
Number of current accounts         234,000   231,000 226,000
Number of deposit accounts         101,000   102,000 100,000


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