Barclays's Shares Drop in Early Trade as Investor Sells Significant Stake at a Discount -Reuters reports
March 29 2022 - 5:55AM
Dow Jones News
--Barclays's early trading suffered a significant hit after one
of its top but unnamed investors sold the equivalent of a nearly 3%
stake in the U.K. bank at a discounted price, Reuters reports.
--The investor opened a sales process for 575 million shares on
Monday evening, with the offering being priced at a discount
greater than 6% of Monday's closing price, at 150 pence a share,
Reuters reports.
--Barclays's shares opened down around 6% on Tuesday, Reuters
reports, noting that some of the lender's top shareholders include
the Qatar Investment Authority and Blackrock.
Full story: https://cutt.ly/YDnWHaY
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 29, 2022 05:40 ET (09:40 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Barclays (NYSE:BCS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Barclays (NYSE:BCS)
Historical Stock Chart
From Apr 2023 to Apr 2024