Shares rise for Barclays

Jun 17 2008 by Alex Turner, Liverpool Daily Post

BARCLAYS shares rose 3.5% after it confirmed it was considering a fundraising move that could see it tap overseas investors for a reported £4bn.

Shares had jumped almost 12% at one stage, after the banking giant ended weeks of speculation over how it plans to raise cash.

Reports said the bank was in talks with six sovereign wealth funds.

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