One to Watch: Bob Diamond, Barclays

THE Barclays boss will be hoping that changes to the terms of his 2011 bonus and rising first-quarter profits will calm investors ahead of Friday’s annual general meeting.

Last week Diamond moved to quell a shareholder rebellion by agreeing not to receive half of his £2.7 million all-shares bonus if certain performance targets are not met within three years.

Credit Suisse is forecasting that Barclays will reveal a 10 per cent rise in first-quarter pre-tax profits to £1.83 billion.