Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Man City boss Sheikh Mansour adds to Barclays

Man City boss Sheikh Mansour adds to Barclays

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

Shrugging off the bank's recent troubles surrounding Libor 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 late 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.

On Monday, however, the bank closed up 0.51% at 256.9p, a long way off its 148.2p 52-week low.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter