LinkedIn’s first job of the week is pretty sweet: A chocolate taster at Cadbury-maker Mondelez February 7, 2017 Feeling hungry for a new challenge? Have a taste for adventure and want to apply for a new job? Well, now's your chance. LinkedIn has unveiled its first job of the week and it is in fact a chocolate taster with the maker of Cadbury and Milka, Mondelez International. You may laugh, but chocolate tasting [...]
Seize the chance for radical housing reform May 3, 2018 Britain – and London in particular – needs a sweeping overhaul of the planning system. We are building a fraction of the homes we need to keep up with rising demand, and with a third of young people now faced with spending their entire lives renting, the crisis cannot afford to be brushed under the [...]
Storm Doris: Insurers reveal a spike in claims after the UK’s worst storm of 2017 makes landfall February 24, 2017 The insurance sector has started to count the cost of the 100mph plus gales that have lashed the British Isles over the last few days. Storm Doris has led to a spike in activity for insurers, primarily in relation to land and buildings cover, with one provider saying it had already seen a 300 per cent increase in [...]
Lloyd’s underwriter Hiscox bounces back from catastrophe-hit 2017 with strong first quarter results May 8, 2018 Insurance firm Hiscox announced a solid set of first quarter results this morning following a tough 2017 which was marked by a series of natural disasters. The Lloyd’s underwriter increased its gross written premiums by 24 per cent on a constant currency basis to $1.155bn (£855m), up from $929m in the same period last year. [...]
Goldman Sachs boss Blankfein on Brexit: ‘I would have thought there would have been a worse outcome by now’ April 12, 2018 Goldman Sachs chief executive Lloyd Blankfein said that he is surprised that Brexit has not had a more negative effect on the UK economy. In an interview with Politico in Brussels today, Blankfein said that he was surprised at how little effect Brexit has had at this stage. “I am wrong because I would have [...]
BGC Partners buys Lloyd’s broker Besso in deal worth £71m January 4, 2017 Lloyd's of London broker Besso has been swallowed up by US broking giant BGC Partners in a deal that values the firm at £71m. The purchase provides an exit for the Besso's owners – its senior management team and private equity house BP Marsh. Read more: Lloyd's insurer Endurance bought by Japanese owner of Canopius The fund's share [...]
Financial services bosses back the City to remain Europe’s hub after Brexit April 9, 2018 The vast majority of global financial services bosses believe London will remain at the pinnacle of the European industry after Brexit in spite of widespread fears that leaving the EU will dent the UK economy, according to a survey of bosses at big firms. Some 88 per cent of the more than 100 senior leaders [...]
Japanese banks threaten to leave UK unless given clarity on Brexit December 17, 2016 Japanese banks have told the UK government they will start moving out of London in the next six months unless they receive more information on the UK's Brexit plans. Investment banks Nomura and Daiwa Capital Markets met UK City minister Simon Kirby and the international trade minister for financial services, Mark Garnier, in a meeting [...]
Senior Tory MP Andrew Tyrie is demanding details in Theresa May’s Brexit plans January 9, 2017 Senior Tory Andrew Tyrie is demanding the government explains its hopes for the Single Market as part of a Brexit plan promised last year. Last year, Prime Minister Theresa May committed to revealing more on the UK goals ahead of triggering Article 50, and now Tyrie, who chairs parliament's influential Treasury Committee, is demanding that any [...]
Brexit: 23 answers to investors’ questions October 16, 2018 The UK’s scheduled departure from the EU is fast approaching. Many observers are hopeful for an orderly withdrawal. But plenty of potential pitfalls between now and Brexit-day which could result in a chaotic divorce. The only near-certainty at present is that the UK will cease to be a full member of the EU on 29 [...]