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Share Price: 202.00
Bid: 202.40
Ask: 202.50
Change: -3.15 (-1.54%)
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Open: 205.75
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UPDATE 4-Climate protesters break windows at Barclays London HQ, seven arrested

Wed, 07th Apr 2021 07:37

* Barclays HQ windows broken in Canary Wharf

* Extinction Rebellion says the bank is stoking climate
change

* Barclays: action was criminal damage

* Police arrest seven activists
(Adds Barclays response, paragraphs 5,6)

By Guy Faulconbridge

LONDON, April 7 (Reuters) - Police arrested seven people
outside the London headquarters of Barclays on
Wednesday after climate change activists broke windows to
protest the role of the financial sector in climate change.

The activists from the Extinction Rebellion group used
hammers to break the windows and then pasted the message "In
Case of Climate Emergency Break Glass" on the front of the
bank's building.

The group said the action was part of its "Money Rebellion"
against the capitalist system which used "nonviolent direct
action, causing damage to property to prevent and draw attention
to greater damage".

It accused the bank of "continued investments in activities
that are directly contributing to the climate and ecological
emergency".
“Extinction Rebellion are entitled to their view on
capitalism and climate change, but we would ask that in
expressing that view they stop short of behaviour which involves
criminal damage to our facilities and puts people’s safety at
risk," a spokesman for Barclays said.

“We have made a commitment to align our entire financing
portfolio to the goals of the Paris Agreement, with specific
targets and transparent reporting, on the way to achieving our
ambition to be a net zero bank by 2050, and help accelerate the
transition to a low-carbon economy."

Extinction Rebellion wants to trigger a wider revolt against
the political, economic and social structures of the modern
world to avert the worst scenarios of devastation outlined by
scientists studying climate change.

The group's move against Barclays in the Canary Wharf
business district came after activists last week splashed black
dye on the facade of the Bank of England in the historical
financial centre, the City of London.

"You may dislike our action today but I ask you to compare a
crack in a window to funding wildfires and flooded homes," said
Sophie Cowen, a 30-year-old campaigner from London.
(Reporting by Guy Faulconbridge, writing by Estelle Shirbon;
editing by Kate Holton and Jason Neely)

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27 Mar 2024 13:44

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27 Mar 2024 13:17

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Read more
27 Mar 2024 11:45

UK Libor trader Hayes loses appeal against rate-rigging conviction

LONDON, March 27 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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21 Mar 2024 11:45

Citi, Barclays set to trim investment banking headcounts

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14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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12 Mar 2024 08:42

UPDATE: York consortium sells call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC on Tuesday confirms that BCP York Holdings LP sold call options over around 10 million voting shares in LSEG, having announced plans to do so after the London market close on Monday. The call options were sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters didn't participate in the call option transaction.

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11 Mar 2024 19:21

IN BRIEF: Consortium to sell call options over 10 million LSEG shares

London Stock Exchange Group PLC - London-based stock market operator and data provider - JP Morgan Securities PLC says BCP York Holdings LP intends to sell call options over around 10 million voting shares in LSEG. Shares to be sold to Barclays Bank PLC, Merrill Lynch International, Citigroup Global Markets Ltd, Goldman Sachs International, JP Morgan Securities PLC and Morgan Stanley & Co International PLC. The call option shares represent around a 1.9% economic and voting interest in LSEG. BCP York is an entity owned by a consortium of certain investment funds affiliated with Blackstone Inc, and including an affiliate of Canada Pension Plan Investment Board, an affiliate of GIC Special Investments Pte Ltd, Thomson Reuters Corp and certain other minority holders. Thomson Reuters will not participate in the call option transaction.

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London close: Stocks start the month with positive close

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1 Mar 2024 10:08

IN BRIEF: AB Foods appoints Barclays to run GBP250 million buyback

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27 Feb 2024 16:08

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27 Feb 2024 11:33

IN BRIEF: Faruqui of Barclays named new Takeover Panel head

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27 Feb 2024 09:23

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