City Of London
Barclays Shares Tumble as Holder Sells £900 Million Block
- Bank’s biggest investors include QIA, Vanguard, BlackRock
- On Monday, Barclays said it oversold structured notes in error
This article is for subscribers only.
Barclays Plc shares fell Tuesday as a shareholder sold about 900 million pounds ($1.2 billion) of stock, a day after the lender revealed a costly blunder in how it sold billions of dollars in securities.
The shares for sale were priced at 150 pence, according to terms seen by Bloomberg. The London-listed stock fell 3.4% to 155 pence as of 12:22 p.m. Goldman Sachs Group Inc. facilitated the book building process. A representative at Barclays declined to comment.