Citywire for Financial Professionals
Stay connected:

View the article online at http://citywire.co.uk/money/article/a646310

Man City boss Sheikh Mansour buys more Barclays shares

Sheikh Mansour Bin Zayed Al Nahyan, owner of Manchester City Football Club, has added to his position in Barclays.

 
Man City boss Sheikh Mansour buys more Barclays shares

Sheikh Mansour Bin Zayed Al Nahyan, owner of Manchester City Football Club, has increased his stake in Barclays (BARC.L).

Shrugging off the bank's recent troubles surrounding Libor rate manipulation, energy trading claims and a fine from the Spanish regulator over structured bond sales, Sheikh Mansour took his position in Barclays above the 7% mark, according to a stock market filing published last night.

The transaction was logged as an 'acquisition of instruments' and left the Sheikh with an indirect Barclays holding of just over 6.1% and voting rights slightly above 7%.

Like the Sheikh's football side – which earlier this year lifted its first Premier League title in 44 years – Barclays shares have begun to return to form despite the bank's difficulties earlier this year.

Shares in the bank crashed 17% shortly after it was hit with a record £290 million fine for fixing Libor and the bank continued to trade sub-200p in the weeks that followed as senior executives left amid the scandal.

Today, the shares closed up 1.9% or nearly 5p higher at 261.65p, a long way up on its 150p low in July.

5 comments so far. Why not have your say?

blueend

Dec 18, 2012 at 16:51

That is not a picture of Sheikh Mansour Bin Zayed Al Nahyan

http://www.telegraph.co.uk/finance/newsbysector/transport/5925697/Sheikh-Mansour-invests-280m-in-Virgin-Galactic.html

report this

Anonymous 1 needed this 'off the record'

Dec 18, 2012 at 17:23

That Photo is NOT of Sheikh Mansour

report this

D.T

Dec 18, 2012 at 17:24

'Like the Sheikh's football side – which earlier this year lifted its first Premier League title in 44 years – Barclays shares have begun to return to form despite the bank's difficulties earlier this year.'

Haha great metaphor

report this

Ian Burgess

Dec 18, 2012 at 17:36

Darn, wish I'd bought more shares when they were £1.50 - never mind still sitting on a healthy profit.

report this

Anthony Tinslay

Dec 18, 2012 at 18:30

People change but the above Photo bears not the slightest resemblance to the man with that name who attended a recent exhibition in Dubai

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Fund managers from Standard Life Investments quizzed on investment trusts


What can SLI bring to the table for those who want to put their money into investment trusts?

More about this:

Look up the shares

  • Barclays PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Read more...

The Accumulator: emerging markets keep rising

by Daniel Grote on Jul 25, 2014 at 12:33

Sorry, this link is not
quite ready yet