After years of BDS pressure and an intense year-long campaign from Palestine Action involving 54 direct actions against Barclays branches nationwide, Barclays has now sold all of its investments in Elbit Systems amounting to 16,000 shares.
A spokesperson for Palestine Action said as part of wider statement, “..If Barclays does reinvest into Elbit Systems in the future, Palestine Action will come knocking again.”
See also: Barclays sells all shares in Israeli weapons firm Elbit amid pro-Palestinian pressure
That being said, Barclays is still heavily funding the ongoing genocide in Gaza, holding “over £2 billion in shares, and provides £6.1 billion in loans and underwriting” to 9 arms companies involved with Israel — including an investment of £100m in General Dynamics. As of November 2024, Barclays now also owns Tesco Bank.