He told shareholders on Wednesday he was resuming the interim dividend for the first half of the year – higher than analysts’ expectations at 2p per share – and unveiled another share buyback worth up to £ 500million.

The good results come months after the bank finally dismissed the threat posed by US raider Ed Bramson, who ended his three-year battle with the bank in May by selling his entire stake.

Mr Bramson, who heads Sherborne Investors, sold his 6pc stake to pursue a “new investment opportunity” weeks after his own shareholders said they were losing patience with the activist’s campaign against the bank.

The investor wanted to reduce Barclays’ investment banking arm and potentially split it up – setting the stage for a clash with Jes Staley, the chief executive, who fiercely resisted his efforts.

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Source: www.telegraph.co.uk
This notice was published: 2021-07-28 11:01:03

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