Barclays outlines £4.5bn shares plan

Barclays today outlined plans for a £4.5bn (€5.7bn) cash injection from wealthy overseas investors as part of a move to boost its balance sheet.

The UK banking giant said a raft of so-called sovereign wealth funds and foreign groups had agreed to pump money into the bank, including the Qatar Investment Authority and Japanese banking giant Sumitomo Mitsui Banking Corporation in return for discounted shares.