Barclays finds a stick to shake at Bramson

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Barclays finds a stick to shake at Bramson

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File photo dated 05/02/13 of a Barclays sign. The banking giant has revealed a £150 million hit to cover Brexit uncertainty as it said annual profits edged 1% lower to £3.49 billion. | Joe Giddens/PA Wire/PA Images

Barclays’ corporate and investment bank performed strongly relative to peers in the last quarter of 2018, helping management make the case for a strong CIB franchise against investor Edward Bramson, who wants it to downscale this part of the group. Although analysts reckon the argument will continue, Aviva Investors announced it would be siding against the activist, after the results were released on Thursday.

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