Financial Times FT.com

Possible sale of iShares reveals Barclays’ plight

By Adrian Cox and Peter Thal Larsen in London

Published: March 16 2009 20:26 | Last updated: March 16 2009 20:26

The decision by Barclays to sell part of its asset management unit is another indication of its determination to avoid accepting capital from the government.

Click here for full graphicThe bank’s shares rose 23 per cent to 90.9p on Monday after it issued a bullish trading statement and confirmed the possible sale of iShares, part of Barclays Global Investors. The asking price could be as high as £4bn.

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