Barclays Suspends UK Music Festival Sponsorship on Israel Protests [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
The bank has suspended its sponsorship of Live Nation Entertainment Inc. festivals including Latitude, Download and the Isle of Wight, according to a statement Friday. It comes after some comedians and musicians said they wouldn't perform, prompted by protests by pro-Palestine campaigners, who are calling for the lender to sever ties with arms companies that sell to Israel. “Barclays was asked and has agreed to suspend participation in the remaining Live Nation festivals in 2024,” a spokesperson for the bank said in a statement. “The protestors' agenda is to have Barclays debank defence companies, which is a sector we remain committed to as an essential part of keeping this country and our allies safe.” Protest Targets The lender has become a focal point for campaigners protesting financial support for Israel. Barclays has a “corporate banking” relationship with Israeli military-technology company Elbit Systems Ltd., Chairman Nigel Higgins said at the bank's annual meeting in M
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