April 28, 2017 / 6:20 AM / 4 months ago

BRIEF-Barclays Q1 markets income falls 4 pct

April 28 (Reuters) - Barclays Plc

* Africa banking profit before tax, excluding impairment of Barclays' holding in BAGL, increased to 325 mln stg

* Management views its current PPI provision as appropriate

* We have also observed an increase in PPI complaint flow from March 2017

* Credit impairment charges increased 19 pct to 527 mln stg in Q1

* On Africa, we await approval for separation arrangements already agreed with local management

* Markets income decreased 4 pct to 1.35 bln stg reflecting a 14 pct reduction in macro income to 490 mln stg, due to weaker performance in U.S. rates and impact of exiting energy-related commodities

* 10 pct reduction in equities at markets business to 462 mln stg driven by lower U.S. equity derivatives Source text for Eikon: Further company coverage: (Reporting By Rachel Armstrong)

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