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Wall Street Breakfast: Must-Know News
Posted on June 25, 2008
Barclays boosted by share sale. Barclays (BCS) is up 5.7% in pre-market trading. It said it is raising 4.5B ($8.9B) in a share sale, with Sumitomo Mitsui and Qatar taking stakes. Half of the money will go to fund new opportunities, and the other half will be used to raise its capital level.UBS hires advisors. Media reports say UBS (UBS) has hired Lazard (LAZ) to conduct a strategic review of its business, apparently fueling recent speculation of a sellout (to HSBC (HBC)?) or spinoff of its investment banking unit. Shares gained 6.9% yesterday on the speculation, and are up another 4.95% in...
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