27% of shareholders vote against Barclays executive pay deals

Shareholders have revolted against the pay awarded to the Barclays' boss at the bank's annual general meeting, with nearly 27% of investors voting against the bank's pay deals.

Last year the bank's chief executive, Bob Diamond, received pay and bonuses adding up to £6.3m, even though share prices have been falling.

The chairman apologised to shareholders for "not sufficiently taking on board" their views about large executive pay awards.

Robert Peston reports.