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Barclays

All articles tagged with #barclays

Barclays Five Escape Terrorism Label as Court Sets Next-Month Criminal-Damage Sentences
uk-news2 days ago

Barclays Five Escape Terrorism Label as Court Sets Next-Month Criminal-Damage Sentences

Five Palestine Action activists who vandalised a Burnley Barclays branch were found guilty of criminal damage exceeding £200,000, but the court ruled the act did not meet the threshold for a terrorist sentence. They will be sentenced next month for criminal damage with shorter terms. The decision follows debate over the use of counter-terror powers after Palestine Action was proscribed and linked to the incident by prosecutors during the trial. Amnesty International welcomed the ruling, calling for the proscription to be lifted and an end to sweeping terrorism powers against protesters.

via The Guardian|
#barclays#elbit-systems#palestine-action
Palestine Action activists avoid terrorist sentencing in Barclays protest
world4 days ago

Palestine Action activists avoid terrorist sentencing in Barclays protest

Five Palestine Action activists convicted of criminal damage at a Barclays branch in Burnley in 2024 will not be sentenced under terrorism laws; the Preston Crown Court judge set their sentencing for September 4 for criminal damage, amid supporters’ cheers. The activists protested Barclays’ shareholdings in Israeli weapons maker Elbit Systems.

via Al Jazeera|
#barclays#elbit-systems#palestine-action
Samsung Rolls Out Galaxy Card With 5% Back to Compete with Apple Card
business1 month ago

Samsung Rolls Out Galaxy Card With 5% Back to Compete with Apple Card

Samsung announced the Galaxy Card, its first U.S. credit card issued by Barclays. The Visa card integrates into Samsung Wallet (with a black metal physical card to ship later) and offers 5% cash back on purchases made directly from Samsung, 3% on Samsung Wallet purchases, 2% on streaming services, and 1% on everything else, plus a $200 bonus after $2,000 in 90 days and a 20% discount on Samsung VIP Advantage when using the card. Apple Card is cited for comparison (3% on Apple purchases, 2% on Apple Pay, 1% elsewhere). Barclays says the Galaxy Card is wallet-native, while Apple Card’s issuer transition from Goldman Sachs to JPMorgan Chase runs through 2027. Availability begins July 22 at Samsung stores and online, timed with Samsung’s Unpacked event.

via MacRumors|
#apple-card#barclays#business
Barclays tilts chip-stock bets: Lumentum upgraded, Allegro and Penguin downgraded before earnings
finance1 month ago

Barclays tilts chip-stock bets: Lumentum upgraded, Allegro and Penguin downgraded before earnings

Barclays moves to upgrade Lumentum to Overweight and downgrades Allegro MicroSystems to Equal Weight and Penguin Solutions to Underweight ahead of the second-quarter earnings season, saying AI infrastructure spending has boosted demand and valuations, but visions of AI-driven growth are already priced in for many semis. The firm remains optimistic about AI networking exposure and memory/optics cycles, while cautioning that near-term fundamentals may not justify lofty prices across the sector, making earnings results pivotal.

via Yahoo Finance|
#ai-networking#allegro-microsystems#barclays
Robust Jobs Pulse Sparks Yield Plunge, Sparks Market Tug-of-War
business2 months ago

Robust Jobs Pulse Sparks Yield Plunge, Sparks Market Tug-of-War

A strong May jobs report cooled fears of weakness but sent markets into a wobble as the 10-year yield neared 4.6% and the 30-year crossed 5%, helping drive a Nasdaq drop of about 4% and a S&P slide of around 1%. Barclays warns we’re entering a “warning zone” for valuations as higher rates compress the value of future profits, especially for AI-related stocks, prompting a rotation into near-term earnings plays. Inflation pressures persist due to strong demand, supply bottlenecks, oil/shock risks, and tariffs, while an active IPO pipeline (SpaceX, Anthropic, OpenAI) looms as one of the market’s recent bright spots. Trump even chimed in on Truth Social, saying great jobs data should lift stocks.

via Yahoo Finance|
#barclays#business#inflation
IBM climbs on Barclays upgrade to $350 target, citing software strength and quantum bets
business2 months ago

IBM climbs on Barclays upgrade to $350 target, citing software strength and quantum bets

IBM shares jumped about 10% after Barclays initiated coverage with an Overweight rating and a $350 price target, praising IBM’s software unit (roughly half of revenue) and steady infrastructure software demand as less AI-disrupted than peers. Barclays also highlighted IBM’s ongoing quantum computing push, including a government-backed $1 billion quantum foundry project in which IBM would contribute cash and IP, and IBM’s plan to invest more than $10 billion in quantum computing and $5 billion in open-source software security over five years.

via Yahoo Finance|
#barclays#business#ibm
Staley to testify before House panel on Epstein ties
politics2 months ago

Staley to testify before House panel on Epstein ties

Jes Staley has agreed to a July 23 voluntary interview with the House Oversight Committee about his ties to Jeffrey Epstein, joining a series of high-profile figures questioned about Epstein. Staley, a former JPMorgan Chase executive and ex-Barclays CEO, previously faced UK regulator scrutiny over how he described his relationship with Epstein and was banned from the UK financial sector; JPMorgan has paid settlements related to Epstein. The Oversight panel has already interviewed several other prominent figures connected to Epstein as it widens its inquiry.

via CNBC|
#barclays#epstein#house-oversight-committee
Barclays Sees Upside Risk to 2026 Oil Call as Hormuz Disruption Tightens Markets
energy3 months ago

Barclays Sees Upside Risk to 2026 Oil Call as Hormuz Disruption Tightens Markets

Barclays kept its $100 Brent forecast for 2026 but warned that upside risks remain as the Strait of Hormuz disruption drains U.S. and global inventories to multi‑year lows. Goldman Sachs has also flagged rapid depletion, and crude prices climbed in early trading, with Brent around $105 and WTI near $98 as markets price in a sustained supply shock.

via Crude Oil Prices Today | OilPrice.com|
#barclays#brent-crude#energy
Barclays: Tesla’s Next Growth Is Autonomy, Not Fundamentals
market-news4 months ago

Barclays: Tesla’s Next Growth Is Autonomy, Not Fundamentals

Barclays analyst Dan Levy argues Tesla’s growth is pivoting to autonomy and robotics (Robotaxi, FSD, Optimus) rather than its traditional auto business, highlighted by Terafab and solar expansion. With Q1 earnings looming, the key question is how much more capex is needed for these ventures. Levy views Tesla’s core auto outlook as soft and believes the stock could remain detached from fundamentals, assigning TSLA an Equal Weight rating with a $360 target amid a mixed field of opinions and a Hold consensus on near-term movement.

via TipRanks|
#autonomy#barclays#capex
markets5 months ago

Barclays: Trump Put Fades Amid Policy Swings

Barclays says market resilience tied to Trump’s de-escalation signals may be fading as policy uncertainty rises; equities, oil, and rates have been volatile on shifting Iran deadlines and Middle East tensions, with the bank warning that a longer conflict and oil shock could lift inflation and weigh on growth. Its economists expect global growth near 2.9% in 2026 and inflation around 2.7% by year-end, with advanced economies slowing to about 1.7% in 2026, signaling a higher risk of stagflation.

via Investing.com|
#barclays#markets#oil
Barclays tied to $700m MFS loss amid questions over founder’s son‑in‑law on its payroll
business5 months ago

Barclays tied to $700m MFS loss amid questions over founder’s son‑in‑law on its payroll

Barclays is said to have lent about $700 million to Market Financial Solutions (MFS) and provided banking services as MFS later went into administration. The bank reportedly blocked some MFS transactions before freezing accounts. Adding intrigue, Barclays employed Rihan Dewan—son-in-law of MFS founder Paresh Raja and brother of Tiba Raja—as a high‑yield credit trader (not involved in the MFS loans), with insiders noting potential conflicts of interest. While no wrongdoing is proven, the story highlights scrutiny of ties between Barclays, MFS, and related family connections as Barclays’ stock slid and it signals a strategic shift away from investment banking.

via eFinancialCareers|
#barclays#business#conflict-of-interest
Barclays rewards MRTs with near-£1m bonuses amid mixed year for bankers
business6 months ago

Barclays rewards MRTs with near-£1m bonuses amid mixed year for bankers

Barclays’ investment bank material risk takers earned an average £901k in bonuses for 2025 (£732m total for 1,465 MRTs), with MRTs’ average salary at £652k for a £1.6m total package. Despite a weak year for M&A and capital markets fees, the bank plans to pivot toward advisory growth and aims to raise its share of global IB fees to about 3.5% by 2028. Bonus distribution remained top-heavy: 762 staff earned over €1, 89 earned over €3.9m, and one individual was in the €17–€18m range.

via eFinancialCareers|
#barclays#bonuses#business