Barclays boss defends bonus move

Barclays boss Antony Jenkins has defended his decision to take an annual bonus for 2014, in a move helping his total pay package rise from £1.6m to £5.5m.

Mr Jenkins, who had declined the pay-out for each of the last two years, was challenged over accepting the £1.1m bonus after a year in which the bank has cut 14,000 jobs and closed a net 72 UK branches, while statutory profits fell by a fifth.