FTSE slips back from 13-month high

Barclays and Sainsbury’s grabbed the spotlight in a lacklustre session today after Qatari investors cashed in £1.3bn (€1.4bn) of share options in the bank.

The sale sent Barclays almost 5% or 18.3p lower to 363.75p, but shares in the UK’s third biggest grocer bounced 17.7p to 347.8p on talk the Qataris would use the funds to increase their 26% stake in the company.