Barclays: It's Unrealistic for Banks to Ditch Oil and Gas Clients | OilPrice.com – OilPrice.com
The chief executive of banking giant Barclays says it is unrealistic for activists and investors to call for banks to stop lending to the oil and gas industry. Barclays Chief Executive CS Venkatakrishnan said banks “cannot completely stop” lending to the oil and gas sector. Bloomberg At the Bloomberg Sustainable Finance Forum in London on […]
Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties
Barclays on Friday suspended its sponsorship of all Live Nation music festivals for 2024 after various artists pulled out in protest of the bank’s ties to defense companies that have ties to Israel. The cancellations also include Live Nation festivals scheduled to take place across the UK this summer, including Latitude, Download and Isle of […]
Barclays bank branches vandalized by pro-Palestinian and climate activists – CNN
Guy Smallman/Getty Images On June 10, 2024, a Barclays branch in Richmond, London, was covered in red paint in response to a Palestinian Action protest against the bank’s business dealings in Israel. London CNN — Around 20 Barclays branches have been vandalised by pro-Palestinian and environmental activists who say they are protesting the British bank’s […]
Barclays sorry after customers locked out of mobile banking – BBC.com
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Barclays posts fourth-quarter net loss, announces major strategic overhaul – CNBC
Barclays Bank’s UK headquarters are located in Canary Wharf, London. Matt Crossick/PA Image (Getty Images) LONDON – Barclays on Tuesday reported a fourth-quarter net loss of 111 million pounds ($139.8 million) as the British lender announced a wide-ranging strategic review. Analysts polled by Reuters had expected net profit attributable to shareholders to be 60.95 million […]
'Too Cheap to Ignore,' Says Barclays About Alibaba Stock – TipRanks.com – TipRanks
The stock price chart isn't looking good. Alibaba (NYSE:BABA), no matter which way you look at it. Year-to-date, the stock is already down 10%, and going back 12 months, the stock is down 39%. What is the 3 year chart? A disastrous 72% decrease. But does that reflect a permanent decline in the company? Not […]
Barclays slashed 5,000 jobs last year in major cost-cutting drive
Barclays announced on Monday that it will cut around 5,000 jobs in 2023 as part of major cost-cutting measures announced last year. The lender said most of the job cuts would be in its support division, Barclays Execution Services, which Reuters reported in November that it was considering cutting thousands of jobs. I checked it […]
Apple stock downgraded by Barclays over iPhone sales slowdown
Apple started the new year on a tough note Tuesday, as analysts at Barclays downgraded the company's stock rating, citing concerns about slowing sales demand for its flagship iPhone. Analysts cited recent sales surveys showing weak demand not only in developed markets but also in China. Barclays downgraded Apple's rating to “underweight.” Barclays also lowered […]
Apple shares slip 3% after Barclays downgrade – CNBC
Apple CEO Tim Cook attends the China Development Forum (CDF) 2018 annual session held at the Diaoyutai State Guesthouse in Beijing, China, on March 26, 2018. Jason Lee | Reuters Apple shares fell more than 3% in Tuesday morning trading after Barclays downgraded the stock to underweight and lowered its price target slightly to $160 […]
Magnificent 7 member gets downgraded to start 2024 as Barclays lowers rating on Apple – CNBC
Barclays believes investors need to exit Apple, one of last year's winners, as 2024 begins. The bank lowered its rating on the tech giant from equal weight to underweight. The company also lowered its price target for the stock from $161 to $160. The new forecast suggests a downside of around 17% over the next […]