Barclays fails to re-price share deal

The group of Middle Eastern investors set to buy a tranche of shares in Barclays have refused to budge on the terms, reported the Daily Telegraph. The impasse is likely to lead to a "head-on collision" with a group of Barclays shareholders who believe that the deal to buy a 31 per cent stake for £5.bn hands control to the new investors. Now "time has almost run out" for Barclays, with chairman Marcus Agius to meet large shareholders at the Association of British Insurers. Few expect any changes to be reported, however.