Monday, 23rd November 2009

 

2 November 2009 - Press Briefing

Odey offloads Barclays shares over Brussels 'uncertainty'

Crispin Odey, who amassed a 1.5% holding in Barclays shortly after the latter’s shares hit a 22-year low of 51p in March, has partially offloaded his stake in the bank, according to a report in The Sunday Telegraph, London.

Cashing in on an investment that has surged by almost 550%, the financier - who has staunchly backed UK banks and the rallying markets - cautioned that the uncertainty surrounding Brussels’ forthcoming competition rulings was hurting the overall market, including financials.

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