News By Tag
News By Location
“Source One International”–Banking Int’l-(Abu Dhabi Dumps Barclays)
“Source One International” on the message behind the large sale of Barclays shares.
By: Dennis Paulson
Asian-centered investment broker, “Source One International”
By all accounts, PCP Gulf Invest 1, was seen as a strategic investor in for the long haul, but the firm decided to bank profits in the order of £1.46 billion. Unsurprisingly, the share price declined sharply in London trading, losing over 15%.
“Source One International”
Shares in Barclays have risen sixfold since the beginning of the year but are unlikely to rally to their recent highs given the outlook for the UK economy and the profits they can expect to make.