Less Ads, More Data, More Tools Register for FREE

Pin to quick picksELTA.L Share News (ELTA)

  • There is currently no data for ELTA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Barclays Engages With Activist Sherborne Amid 5.2% Stake (ALLISS)

Mon, 19th Mar 2018 08:25

LONDON (Alliance News) - Barclays PLC said Monday that activist investor Sherborne Investors Management LP had built a 5.2% stake in the FTSE 100-listed bank after transactions by a number of related parties last Thursday.

Barclays reported Sherborne Investors Management and its leading figures Edward Bramson and Stephen Welker had built a 331.5 million voting stake in the bank, equivalent to 5.2% of the 17.07 billion shares outstanding.

In response, Barclays said it was engaging with Sherborne.

"As with all its shareholders," the bank explained in a separate statement, "Barclays will continue to engage with Sherborne, and welcomes them as a shareholder."

In a separate announcement, Sherborne - which manages Sherborne Investors (Guernsey) C Ltd - said it had invested GBP580 million in Barclays to build the stake. It added that it believed that "its turnaround assumptions indicate a potential return on the investment in line with Sherborne Investors' customary return objectives".

The company added it reserved the right to increase or decrease its stake.

Sherborne and Bramson previously have taken stakes in other UK-listed financial firms. This included an increasingly acrimonious battle with the board of Electra Private Equity PLC after building a stake in early 2014.

Shares in Barclays were 3.3% higher at 216.50 pence on Monday, Sherborne Investors (Guernsey) C were 2.4% higher at 109.00 pence.

More News
4 Oct 2016 10:57

REFILE-UPDATE 1-Electra prices Premier Asset Management IPO as post-Brexit offerings pick up

(Refiled to fix technical error in original transmission) By Dasha Afanasieva LONDON, Oct 4 (Reuters) - Electra Private Equity priced the initial public share offer for its Premier Asset Management Group on Tuesday, giving the business a market value of 140 million pounds ($179 milli

Read more
4 Oct 2016 07:12

Premier Asset Management float allows Electra to cash in

(ShareCast News) - Premier Asset Management Group completed its initial public offering in London on Tuesday, allowing Electra Partners to partially realise an investment by its Electra Private Equity vehicle. Premier AM, a UK retail asset management group, placed 35.9m new and 12.4m existing shares

Read more
16 Sep 2016 15:35

UPDATE 1-SVG spurns HarbourVest's $1.4 bln bid, says in talks with others

* Rejects HarbourVest bid at 650 pence per share * Says offer undervalues company, assets * Shares up 4.4 pct (Adds HarbourVest reaction) By Simon Jessop LONDON, Sept 16 (Reuters) - Britain's SVG Capital rejected a hostile bid by U.S. rival HarbourVest on Friday, saying

Read more
16 Sep 2016 08:29

SVG spurns HarbourVest's $1.4 bln bid, says in talks with others

* Rejects bid from HarbourVest at 650 pence a share * Says offer undervalues firm, assets * Says talking to other parties; shares up 4 pct By Simon Jessop LONDON, Sept 16 (Reuters) - Britain's SVG Capital rejected a hostile bid by U.S. rival HarbourVest on Friday, saying

Read more
16 Sep 2016 07:38

Electra Partners announces successful Hollywood Bowl IPO

(ShareCast News) - Electra Partners has announced the successful initial public offering of its portfolio company Hollywood Bowl Group, a ten-pin bowling operator in which it owns an 85% interest. Electra said that upon admission to the Main Market of the London Stock Exchange on 21 September, Holly

Read more
12 Sep 2016 09:24

Monday broker round-up

(ShareCast News) - Autotrader: Barclays reiterates equal-weight with a target price of 375p. Hikma: Jefferies maintains buy with a 2500p target. Wood Group: Exane BNP Paribas upgrades to buy with a 815p target. Man Group: Citigroup upgrades to buy with a 137p target. McCarthy & Stone: Goldman Sac

Read more
8 Sep 2016 11:18

Crystal Amber Sparkles Among Investment Funds In August - QuotedData

Read more
22 Jul 2016 07:55

Electra Private Equity appoints Thomas Cook exec to new CFO role

(ShareCast News) - Electra Private Equity has appointed Gavin Manson to the new role of chief financial officer with effect from 8 August. The role will see Manson - currently finance director for Thomas Cook's tour operations and hotels and resorts division - support the board in relation to the re

Read more
22 Jul 2016 06:39

Electra Private Equity Hires Thomas Cook Executive For New Role Of CFO

Read more
19 Jul 2016 16:07

DIRECTOR DEALINGS SUMMARY: Two Electra Board Members Buy Shares

Read more
19 Jul 2016 15:51

Directors dealings: Commercial property firm McKay's boss and finance chief sell shares

(ShareCast News) - McKay Securities's boss, Simon Perkins, and his finance chief Giles Salmon unloaded a raft of shares in the real estate investment trust awarded to them as part of the company's 2007 Mckay performance scheme, on 18 July, the company said in a statement. Perkins sold 127,938 sha

Read more
19 Jul 2016 15:27

DIRECTOR DEALINGS: Electra Private Equity Non-Executive Buys Shares

Read more
19 Jul 2016 11:13

DIRECTOR DEALINGS: Edward Bramson Increases Interest In Electra

Read more
15 Jul 2016 06:43

Electra Private Equity To Vote In Favour Of Winding Up Subsidiary

Read more
1 Jul 2016 07:42

Electra partially realises Allflex investment

(ShareCast News) - Electra Partners announced on Friday that, on behalf of Electra Private Equity, it has partially realised its investment in Allflex Corporation in a series of transactions between Allflex, its shareholders and Public Sector Pension Investment Board, a Crown corporation in Canada.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.