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Cambridge Activists Target Barclays – SmashEDO!

Cambridge Anima | 06.08.2010 21:10 | Smash EDO | Anti-militarism | Palestine | Terror War | Cambridge | World

A small demo was held by Cambridge Anima against Barclays in Market Sq Cambridge on Friday 30th July 2010. The protest was over Barclays collusion with Brighton based arms component makers EDO that has been the centre of a long running campaign to shut the factory.

Barclays is EDO's parent company's ITT's 'market maker'. As ITT’s market maker, Barclays act as a ‘middle man’, purchasing shares from a seller and holding them until such a time as a buyer becomes available. This ensures the stability of ITT’s share price by allowing shareholders to sell off their assets at any time, even when a buyer is not immediately available, and vice versa.

The tactic of targeting market makers has seen success in the animal rights movement, for example and potentially could cost the arms company hugely if they lost theirs.

The campaigners got a good reception from members of the public who took leaflets and showed an interest in the campaign.

The CCTV camera from the Guildhall was focused on the campaigners and as the protest drew to an end a cop arrived. The police officer asked for identification from an activist handing out flyers claiming he was committing 'anti-social behaviour'. The activist refused saying he doubted a magistrate would agree that standing quietly with leaflets was 'anti-social'!

A car of police stopped by just five minutes before the end of the protest but were no trouble, (tourists kept stopping to have their pics taken with them)!

Cambridge Anima
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