{"id":4840,"date":"2023-12-05T19:58:10","date_gmt":"2023-12-05T17:58:10","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4840"},"modified":"2023-12-05T19:58:10","modified_gmt":"2023-12-05T17:58:10","slug":"qatar-cuts-barclays-holding-selling-510m-worth-of-shares","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4840","title":{"rendered":"Qatar cuts Barclays holding, selling \u00a3510m worth of shares"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Qatar&#8217;s sovereign wealth fund is cutting its stake in Barclays, a British bank that is under pressure from investors to overhaul its strategy and improve performance, the FT reported.<\/p>\n<p>Qatar Holding, a subsidiary of Qatar Investment Authority (QIA), which helped Barclays during the global financial crisis, on Monday began selling nearly 362 million shares for about \u00a3510 million.<\/p>\n<p>QIA is Barclays&#8217; second-largest shareholder, according to data compiled by Bloomberg, and its stake is expected to fall from 5.3% to 2.9% as a result of the share sale.<\/p>\n<p>The FT also reported last week that Barclays is exploring a plan to cut thousands of customers at its investment bank as part of a major overhaul designed to cut costs by \u00a31 billion and boost profits.<\/p>\n<p>Barclays&#8217; stock fell as much as 4.5% in early trading and was last down 2.5% later on.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Qatar&#8217;s sovereign wealth fund is cutting its stake in Barclays, a British bank that is under pressure from investors to overhaul its strategy and improve performance, the FT reported. Qatar Holding, a subsidiary of Qatar Investment Authority (QIA), which helped Barclays during the global financial crisis, on Monday began selling nearly 362 million shares for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4840"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4841"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}