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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.
Markets
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.
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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 thisAnonymous 1 needed this 'off the record'
Dec 18, 2012 at 17:23
That Photo is NOT of Sheikh Mansour
report thisD.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 thisIan 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 thisAnthony 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
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