• Barclays increase Maybourne stake

Sir David and Sir Frederick Barclay are thought to have increased their holding in the Maybourne Hotel Group by a further 3%.

The brothers have acquired the share from Davy deputy chairman Kyran McLaughlin for more than £7m, according to The Sunday Times.  It is reported that the move would take their equity stake to 28%, plus Derek Quinlan’s loans, purchased from Halifax Bank of Scotland last month, which gives them an option over a further 21.6%.

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