Barclays news and archive

Barclays downgrades Marks and Spencer

Barclays has downgraded Marks and Spencer’s stock to “underweight” from “equalweight” and slashed the price target, as the bank predicts that things are “likely to get worse before they get better” for the UK retailer. With Marks and Spencer sitting at the bottom of the FTSE 100, Barclays cut its price target to 290 pence per share, from 410...

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Apple Pay officially goes live in the UK

London - Apple fans are rejoicing today because the awaited Apple Pay has gone live in the UK, nine months after the contactless mobile payment service first launched in the US. According to Apple, its mobile payment service was activated over 1 million times over the first three days of its launch in the US and the firm has has similar...