Barclays underperformed its peers on Friday after Dresdner Kleinwort predicted that the bank would announce plans to raise £3bn with its trading statement on May 15.

While HBOS climbed 6.6 per cent to 495½ and Royal Bank of Scotland added 5.5 per cent to 365¼p, Barclays added a more modest 2.4 per cent to end at 476p.