Barclays shares tumble after fund hedges position

UK bank's shares down 2.3% after Sheikh Mansour's investment company enters into derivatives transactions to protect the value of its stake

Barclays shares were trading down Friday after Abu Dhabi's ruling family hedged its entire 6.3% stake in the UK bank, selling 220 million shares in the UK lender as part of the deal.

At 0824 GMT, shares in Barclays were down 7 pence, or 2.2%, at 297 pence.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump