LONDON (Reuters) - Barclays reported a profit before tax of 3.1 billion pounds ($4.02 billion) for the third quarter, as its under-pressure investment banking division booked increased trading revenues despite difficult market conditions.
The bank also said it will redeem $2.65 bln worth of preference shares, in a move to reduce its annual funding costs.
Barclays reported a better than expected core capital ratio of 13.2 percent at the end of the third quarter.
($1 = 0.7705 pounds)
(Reporting By Lawrence White and Emma Rumney, editing by Sinead Cruise)
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