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0.000423031727379611 0.00117508813160985 0.00117508813160985 0.00176263219741487 0.00117508813160985 0.00339600470035254 0.00176263219741487 0
Stock impact report

Barclays opposes activist Bramson's demand to be named to board [Reuters (UK)]

Barclays PLC (BCS) 
Company Research Source: Reuters
Barclays opposes activist Bramson's demand to be named to board - Reuters 2 Min Read (Reuters) - Barclays Plc on Thursday opposed activist Sherborne Investors’ demand to name the investor’s founder Edward Bramson to the board of the British bank. While the bank said it recognised that it does not “yet perform at the level at which it should”, it added that it does not need another strategic overhaul. Bramson has so far failed in attempts to get the lender to scale back its investment banking activities, which he says have weighed on shareholder returns and run the risk of the bank needing to raise fresh capital. Sherborne had on Monday written again to shareholders of Barclays seeking to drum up support for the election of Bramson to the bank’s board. It is the third largest shareholder in Barclays with a 5.48 percent stake, according to Refinitiv Eikon data. Sherborne Investors could not be immediately reached for a comment. Barclays had first revealed in March last year that Bramson Show less Read more
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