Sherborne Investors, the activist fund run by Edward Bramson and one of the biggest shareholders in Barclays, reported a £195m loss for the first half of 2020 — but said it was planning to keep up pressure on the bank.

The loss compares to a £1.18m profit over the same period a year ago. Published on 20 August, half-year results for Sherborne Investors (Guernsey) C Limited, the listed fund controlled by the activist, showed its net asset value dropped 35.7% between 31 December 2019 and 30 June 2020, to £351m.