Barclays shares dip after major backer Qatar cuts stake

Barclays shares dip after major backer Qatar cuts stake

Barclays shares opened 4.5% lower today after one of the bank's largest shareholders Qatar Holding moved to sell around £510m of its stock, cutting back on its crisis-era investment in the bank.

Barclays Shares Fall After Qatar’s Wealth Fund Reveals Stake Cut

Barclays Plc shares slumped after Qatar’s wealth fund sold almost half of its stake, a surprise move that adds pressure on Chief Executive Officer C.S. Venkatakrishnan just months before he unveils a new strategy for the British bank.

Barclays shares drop after Qatar slashes stake

Barclays shares fell as much as 4.5 per cent in London on Tuesday morning after Qatar’s sovereign wealth fund cut its stake in the bank by half. The Qatar Investment Authority (QIA) last night launched a share sale for £510m, slashing its stake in the lender from five per cent to 2.4 per cent. The QIA is Barclays’ second largest shareholder after asset management giant Blackrock. The state-backed fund put 362m shares up for sale last night, Bloo…