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Activist investor sells stake in Barclays - CityAM : CityAM

Activist investor sells stake in Barclays Activist investor Edward Bramson has sold his firm s stake in Barclays (Getty Images) Activist investor Edward Bramson has sold his firm’s 6 per cent stake in Barclays, ending a three-year campaign against the bank. Since 2018, Bramson’s fund, Sherborne Investors, pressured Barclays CEO Jes Staley to scale back investment banking, and demanded his removal over his links to US financier and registered sex offender Jeffrey Epstein, but Bramson struggled to gain much traction. The value of the Sherborne vehicle dedicated to the Barclays stake has fallen by around £150m compared to the £700m it raised when it was formed in 2017.

BUSINESS LIVE: BA owner IAG posts £1bn loss

London stock markets ended the week on a high, with the FTSE 250 hitting a new record and the FTSE 100 soaring back to pre-pandemic levels.  The FTSE 100 finished up 53.54 points at 7,129.71 - rising above 7,100 for the first time since February 2020, just before the pandemic struck. The FTSE 250 closed 283.92 points higher at a new record high of 22,775.28. In company news, British Airways owner IAG posted a pre-tax loss of €1.22billion (£1.1billion) in the second quarter as passenger numbers remained low due to international travel restrictions.  Meanwhile, activist investor Edward Bramson sold his entire 6 per cent stake in Barclays. His investment vehicle, Sherborne Investors, said it had identified a new company to invest in instead that offered a better return to shareholders.   

Investegate |Barclays PLC Announcements | Barclays PLC: Holding(s) in Company

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Apartment rents rise; perks, discounts fade

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