Europe South Asia Asia Pacific Americas Middle East Africa BBC Homepage World Service Education

Front Page



UK Politics







Talking Point

In Depth

On Air

Low Graphics

Wednesday, September 15, 1999 Published at 17:34 GMT 18:34 UK

Business: The Company File

Barclays signs Dell deal

Barclays is buying a tailor-made IT service from Dell Computers

Barclays has signed a £50m ($80m) deal with Dell Computers the bank says will give it a cutting-edge service to personal computer users throughout its business.

The three-year deal with Dell - the world's second-largest supplier of PCs - will give Barclays a "total managed global IT service" through which it can improve productivity and reduce costs.

"By moving to a partnership model, we will be able to move at the Internet speed that our business now demands," said David Weymouth, managing director of Barclays Service Provision.

"This deal helps us to move Barclays towards a position as technology leader in the UK banking industry."

Mr Weymouth did not specify the savings that Barclays, one of the four main UK retail banks, would get from the "one-stop shop" IT contract, but he said they would be "significant".

On the up

Barclays has recovered from a gloomy period last year and embarked on a major drive to contain costs. Its shares have outperformed the UK banking sector by 22% this year.

Dell will provide Barclays with all its PC servers, desktops, workstations, notebooks and associated PC accessories and services.

Dell chairman and chief executive, Michael Dell, said the deal illustrated the advantages of its unique direct business model.

As the single service supplier, Dell would partner "best of breed" industry suppliers to deliver any additional services required by Barclays.

Dell said services were becoming a significant part of its business and brought in about $2bn of its $27bn (£17bn) total revenues in the past year.

Mr Weymouth said the new systems could lead to some job cuts, but that these had already been included in the 6,000 jobs Barclays is shedding in its retail banking operations this year as part of the cost drive.

Advanced options | Search tips

Back to top | BBC News Home | BBC Homepage | ©

The Company File Contents

Relevant Stories

15 Sep 99 | The Company File
Barclays shuts Russian accounts

14 Sep 99 | Your Money
Barclays ATM charge infuriates rivals

Internet Links


Dell Computers

The BBC is not responsible for the content of external internet sites.

In this section

Microsoft trial mediator welcomed

Vodafone takeover battle heats up

Christmas turkey strike vote

NatWest bid timetable frozen

France faces EU action over electricity

Pace enters US cable heartland

Mannesmann fights back

Storehouse splits up Mothercare and Bhs

The rapid rise of Vodafone

The hidden shopping bills

Europe's top net stock

Safeway faces cash demand probe

Mitchell intervenes to help shipyard

New factory creates 500 jobs

Drugs company announces 300 jobs

BT speeds internet access

ICL creates 1,000 UK jobs

National Power splits in two

NTT to slash workforce

Scoot links up with Vivendi

New freedom for Post Office

Insolvent firms to get breathing space

Airtours profits jump 12%

Freeserve shares surge

LVMH buys UK auction house

Rover - a car firm's troubles