Barclays under investor pressure over fossil fuel stance

Jupiter Asset Management to back campaign resolution calling for halt to investment

Barclays is facing increasing pressure over its environmental stance after one of its top 25 investors came out in favour of a shareholder resolution urging the bank to stop lending to fossil fuel companies.

Jupiter Asset Management, which holds a 1.2% stake, is the largest shareholder to back the resolution, which will be voted on at Barclays' annual investor meeting on 7 May.