Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Barclays chair doesn't see Sumitomo stake sale leading to others

Mon, 10th Jun 2013 15:08

MONTREAL, June 10 (Reuters) - The sale by Japan's SumitomoMitsui Banking Corp of about half its stake in UKlender Barclays Plc does not mean other majorshareholders are likely to follow suit, Barclays Chairman DavidWalker said on Monday.

"My understanding is that for a long time Sumitomo haveindicated that it was their intention at the right time toreduce their holding, and they've now done so; but I don't thinkit has implications for any other investors," he told reportersat a conference in Montreal.

Related Shares

More News
21 May 2024 10:47

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court

LONDON, May 21 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, was on Tuesday refused permission to appeal again...

21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

17 May 2024 21:33

IN BRIEF: Barclays intends to fully redeem EUR750 million notes

Barclays PLC - London-based bank - Intends to fully redeem all of the outstanding EUR750 million 0.75% reset notes due 2025 on June 9. The outstanding...

16 May 2024 13:05

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) - Activists disrupted Lloyds Banking Group's annual shareholder meeting in Glasgow on Thursday, protesting against the bank...

16 May 2024 11:16

Activists disrupt Lloyds Bank shareholder meeting

LONDON, May 16 (Reuters) -

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.