Activist Edward Bramson ends Barclays battle by selling stake

Boss of New York-based Sherborne Investors gives up campaign to overhaul British bank

The activist investor Edward Bramson has sold his 6% stake in Barclays, abandoning a three-year battle to overhaul the British bank.

Sherborne Investors, Bramson's New York-based investment vehicle, said it was selling the stake to focus on a new unnamed investment target instead.