The following corporate finance-related stories were reported by media: * British bank Barclays Plc will next week announce the creation of a bad bank portfolio of assets it deems non-core that it intends to sell or run down as part of a streamlining of its investment bank, a person familiar with the matter said on Tuesday.* Spanish utility Iberdrola has hired Morgan Stanley to explore the sale of a minority stake in its Spanish distribution business, a source with knowledge of the matter said on Tuesday.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS traded higher by 1.38% or $0.23/share to $16.91. In the past year, the shares have traded as low as $15.32 and as high as $19.59. On average, 2856010 shares of BCS exchange hands on a given day and today's volume is recorded at 2505741.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 1.77% or $0.53/share to $30.52. In the past year, the shares have traded as low as $21.54 and as high as $33.52. On average, 13077600 shares of MS exchange hands on a given day and today's volume is recorded at 10419650.
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