Barclays shares fall after top investor offloads stake

Published by
Reuters UK

By Iain Withers LONDON (Reuters) -Shares in Barclays fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded stock roughly equivalent to a 3% stake in the lender. An unnamed investor launched a sales process for 575 million shares on Monday evening, facilitated by Goldman Sachs. The offering was priced at 150 pence on Tuesday, towards the top of the target range of 147.50 pence to 150.75 pence, but this still represented a discount greater than 6% to Monday’s closing price, heaping pressure on the share price. Barclays shares opened down around 6%, near the sal…

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