Financial Times FT.com

Retreat by Barclays fails to end revolt

By Kate Burgess and Peter Thal Larsen in London

Published: November 18 2008 07:58 | Last updated: November 19 2008 07:21

Barclays was facing renewed shareholder anger in spite of moves aimed at heading off a revolt over its plans to raise more than £7bn in fresh capital from Middle Eastern investors.

The UK bank announced a limited retreat on some elements of its plan to raise capital from Qatar Holding and Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family.

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