Barclays sued for €82m

The London-based trading house CF Partners is suing Barclays for €82m (£70m), saying Barclays advised it on a potential bid for Stockholm-based Tricorona in 2008 then used the information to buy the carbon firm itself two years later.

A lawyer for CF Partners said Barclays transferred advisory staff with confidential information to its acquisitions team.

Barclays called the case “entirely without merit”, adding the bank will be “contesting it vigorously”.