Barclays leads FTSE fallers on rights issue fears

Concerns over an expected capital raising at Barclays have pushed the stock down over 3% in the opening hours of this week's FTSE 100 trading.

Barclays fell by 3.2% to 310p following weekend reports it will announce capital raising plans this week. The group said in a statement this morning it will update the market when it releases its interim results tomorrow. The group will either sell contingent convertible (CoCo) bonds or announce a rights issue of around £4bn, according to reports, in order to meet the Prudentia lRegulation Authority's more stringent leverage ratio requirements. Other FTSE fallers included Aberdeen, down 2.3% at 398p after it reported net outflows of £3.4bn in Q2, followed by a 1.6% fall for asset mana...