Barclays has Last Laugh As Citigroup Derides Bid Talk ; Market Report

Evening Standard - London › August 10, 2004

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Summary

TALK of a bid for Barclays got the biggest laugh of the day down at Citigroup's Canary Wharf headquarters today.

Executive vice-president and chief financial officer of Citigroup Todd S Thomson was posed the question as he gave a presentation to various City analysts and reportedly "laughed off " the suggestion.

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Extract

Barclays has Last Laugh As Citigroup Derides Bid Talk ; Market Report

The speculators did not appear to get the joke because they continued to chase the price higher in another day of heavy trading that saw more than 40 m...

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