--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 Jul 2022 to Aug 2022 Click Here for more Barclays Charts.
Barclays (NYSE:BCS)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Barclays Charts.