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Activist arrival brings added threats to Barclays boss Staley

Analysts believe Edward Bramson is likely to push for a shift in strategy away from investment banking at Barclays

Jes Staley, CEO at Barclays
Jes Staley, CEO at Barclays Photo: Getty Images

The emergence of prominent activist investor Edward Bramson as a shareholder in Barclays will add to the pressure on chief executive Jes Staley and the group's underperforming investment bank, analysts have warned.

Bramson's Sherborne Investors on Monday revealed it had acquired 5.2% of the voting rights in Barclays — a move that came less than a month after the UK banking group reported a near £2bn loss for 2017.

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