Barclays welcomed Bramson to its shareholder list but the greeting was no doubt made through gritted teeth. In 2003 he abandoned private equity for activism and launched Sherborne Investors, whose first investment was 4imprint, a promotions company. The most likely target for Bramson’s shake-up is Barclays’ investment bank, whose status has swung from prized possession to expensive underperformer. But Joseph Dickerson, an analyst at stockbroker Jefferies, said that after placing such a big bet on Barclays, Bramson would not sit back. “Investors should take note that, however out of character, [Sherborne’s] investment in Barclays consumes nearly all of its capital and so is clearly a massive active bet.”

Source: The Guardian March 24, 2018 15:56 UTC