Barclays Capital has executed a block trade of shares in a Spanish telecoms group, the second such deal in a week for the UK bank's growing equities team.

Barclays Capital has sold €26m ($34m) worth of shares in Jazztel on behalf of an investor in the Spanish company. The trade was executed this morning and the UK investment bank arranged the deal alongside Caixa Madrid. It marks the fourth block trade that the bank has worked on in Europe.