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UK stocks opened higher on Wednesday after Barclays released pleasing results and Vladamir Putin said he was open to 'diplomatic solutions' on Ukraine, though the situation there remained volatile.
British banking group Barclays said it would launch a £1 billion share buyback programme after annual profit more doubled as expected credit losses and impairments were lower than expected.
Mining titan Rio Tinto more than doubled its annual profit after it benefited from higher commodity prices following an easing of Covid-19 lockdowns globally.
Challenger lender Metro Bank posted another annual loss after rising revenue was offset by expenses including remediation costs associated with an investigation by Britain's prudential regulator.