Barclays dips on news of €4.6bn funding plan

Concerns about a multi-billion pound share issue and more provisions for mis-selling weighed heavily on Barclays today.

Barclays dips on news of €4.6bn funding plan
Mon, 29 Jul, 2013 - 11:39

Concerns about a multi-billion pound share issue and more provisions for mis-selling weighed heavily on Barclays today.

Its shares were down 4% on the FTSE 100 Index amid speculation the banking giant is mulling a dilutive £4bn (€4.6bn) rights issue to satisfy regulators’ concerns about its financial strength.

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