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Sir David Rowat Barclay (27 October 1934 – 10 January 2021) and Sir Frederick Hugh Barclay (born 27 October 1934), [1] commonly referred to as the "Barclay Brothers" or "Barclay Twins", were British billionaire brothers, of whom Frederick Barclay is now the sole survivor.
Press Holdings and May Corporation Limited are two Jersey-registered holding companies owned by Frederick Barclay, which control the UK holding company Press Acquisitions Limited, [1] which in turn owns the Telegraph Media Group, parent company of The Daily Telegraph and The Sunday Telegraph.
David and Frederick Barclay acquired the group on 30 July 2004, after months of intense bidding and lawsuits, from Hollinger Inc. of Toronto, Canada, the newspaper group controlled by the Canadian/British businessman Conrad Black. In 2015, TMG made an operating profit of £51 million.
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In 1957, Barclay Bros was founded in Brisbane by Don and Ian Barclay, growing to become one of the largest construction companies in Queensland. In 1958 it expanded into Papua New Guinea when it was awarded a contract to build a new hospital in Madang. In 1971 John Mowlem purchased a 40% shareholding, later taking 100% ownership.
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