Barclays in February outlined plans to slash £2 billion in costs over the coming years, having axed 5,000 jobs in 2023 AFP British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting. Profit after tax … Read more
Barclays on Friday suspended its sponsorship of all Live Nation music festivals in 2024 after various acts dropped out in protest over the bank’s links to defense companies that work with Israel. The suspension includes upcoming Live Nation festivals across the UK this summer, including Latitude, Download and the Isle of Wight. Barclays’ links to defense companies … Read more
Apple on Tuesday fell nearly 3.6 per cent to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for its devices from the iPhone to the Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a “sell” rating on … Read more
In a bold move demonstrating the power of youth activism, a group of UK students has launched a ‘career boycott’ against Barclays, one of the country’s major financial institutions, citing concerns over the bank’s climate policies. This protest reflects a growing trend among the younger generation to hold corporations accountable for their environmental impact and … Read more
