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The Latest Breaking News from Barclays

Millions could face delay in getting paid as global IT outage hits payroll software

The IT outage has resulted in queues and delays at airports, disruption to GP services and payment failures in some shops

The Independent UK

Analyst resets outlook for 3 huge tech stocks

The analysts say earnings estimates for the trio of Magnificent 7 stocks underestimate new AI-system costs.

The Street

Mobile banking: alarm as fraudsters take over handsets and raid accounts

Scams underline risks of banking on mobile, with not all lenders prepared to refund victims

The Guardian - UK

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Wimbledon official defends Barclays sponsorship deal amid protests

Usama Al-Qassab cited tournament’s ‘very thorough vetting process’ after pro-Palestine and climate protests

The Guardian - UK

Battle resumes to take control of Telegraph – and the Tory soul

After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week

The Guardian - UK

Deutsche Bank and HSBC are winning Europe’s AI talent war

U.K. banks have expanded their AI talent pools faster than the U.S. and Europe to start 2024.

Fortune

Retail sales dip in June as UK’s cooler weather and cost of living bite

Clothes, shoes, DIY and gardening perform poorly compared with spending surge during last year’s heatwave

The Guardian - UK

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Gaza protest camps at UK universities wind down amid legal action

Of 36 encampments at end of May, around a dozen are still active, as protesters fight to stay

The Guardian - UK

Noel Gallagher says Glastonbury is ‘a bit woke now’ and criticises political musicians

Former Oasis guitarist describes festival, which has long championed political causes, as ‘kind of preachy and a bit virtue-signalling’

The Guardian - UK

UK house prices remain subdued for third successive month

Sales average £288,455 in June but recent cuts in mortgage rates offer hope for market, says Halifax

The Guardian - UK

Major mortgage lenders chopping rates as competition heats up

Halifax, HSBC UK, Barclays, Santander and NatWest are among those to have made rate cuts this week, or outlined plans to do so.

The Independent UK

California’s Biggest Oil Well Owner Might Get a Pass on Plugging Its Wells

Increasingly, activists are turning to the courts to go after banks that finance fossil fuel production.

Capital & Main

‘I totally understand why people are sceptical’: the co-founder of collapsed energy giant Bulb on his new venture

Amit Gudka is reinventing himself after the failure of his energy firm by plugging into the global battery boom

The Guardian - UK

Billboards calling on Wimbledon to drop Barclays as sponsor appear near All England Lawn Tennis Club

The guerilla protest accuses Barclays of supporting the arms trade and contributing to global warming

Evening Standard

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The National (Scotland)

Pro-Palestine campaigners hold protest against Wimbledon sponsor

A GROUP of pro-Palestinian protesters gathered outside Wimbledon with a giant tennis ball and strawberries “tainted with Palestinian blood” to…

The Independent UK

Artists target Wimbledon with graphic mock adverts over Barclays sponsorship

The All England Lawn Tennis Club has faced pressure to drop the bank as partners

The Guardian - UK

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord

Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

The Guardian - UK

Artists target Wimbledon’s ‘strawberries and cream image’ over link to Barclays

Spoof ads with tennis players appear near club in protest against sponsor’s ties to fossil fuels and arms companies

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MusicRadar

“After careful consideration, we are revising our sponsorship model”: South By South West ditches sponsorship by Army and defence contractors

South By South West drops US Army as sponsors

The Guardian - UK

Wimbledon urged to drop Barclays as sponsor over fossil fuel links

Climate groups and anti-war activists say bank using reported £20m deal to ‘hide its multitude of sins’

The Street

Tesla's embattled Cybertruck recalled over basic safety feature

The much-hyped electric pickup is being recalled again.

Investors Business Daily

Cloud Capex Spending Binge To Continue In 2025, Aiding Super Micro, Arista Networks

Large cloud-computing companies are investing heavily in infrastructure to support artificial intelligence initiatives.

The Guardian - UK

Barclays and HSBC to cut fixed-rate mortgage deals

Other lenders likely to follow suit as analysts say cuts of up to 0.31 percentage points could fuel ‘summer of savings’

Evening Standard

'Expect further reductions': Barclays cuts mortgage rates in move likely to be followed by other lenders

The move follows an easing of swap rates in the City ahead of an expected Bank of England rate cut in August

Fortune

Why Walmart broke up with Capital One—and the dark horse bank that may stand to benefit

After Capital One generated $8.5 billion in credit card balances from Walmart customers, the bank squandered an exclusive deal, opening up a competition for the valuable market.

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People

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