Banking sector suffers falls after Barclays news

News of a planned sell-off by one of Barclays’ biggest Middle Eastern investors saw hefty share falls across the banking sector today.

Banking sector suffers falls after Barclays news
Tue, 02 Jun, 2009 - 12:21

News of a planned sell-off by one of Barclays’ biggest Middle Eastern investors saw hefty share falls across the banking sector today.

Barclays shares slumped more than 14% after Abu Dhabi royal family-backed International Petroleum Investment Corp (IPIC) said it intends to dispose of the equivalent of 1.3 billion shares.

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CourtsBusinessHeathrowPlace: Abu DhabiPlace: UKOrganisation: BarclaysOrganisation: Barclays’Organisation: International Petroleum Investment CorpOrganisation: IpicOrganisation: Lloyds Banking GroupOrganisation: HSBCOrganisation: B&QOrganisation: KingfisherOrganisation: ArgosOrganisation: HomebaseOrganisation: Home Retail Group
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