Lloyds Banking Group vows to review cases of customers caught up in HBOS fraud, after two ex-bankers jailed February 7, 2017 Lloyds Banking Group today pledged to review the cases of customers who could have been caught up in a fraudulent scheme linked to two former HBOS employees. Last week, two ex-HBOS bankers were among six people jailed for their roles in a ruse to drive small businesses into the ground for their own personal gain, running up [...]
How to make Brexit the insurance industry’s next big opportunity May 5, 2017 Singapore, Qatar, Dubai and Bermuda. Forget worrying about British-based businesses moving to EU capitals – these are the jurisdictions with which we must compete if our vital insurance industry is to thrive. Over the next two years, there is a risk that so much energy will be expended on Brexit negotiations that we will neglect [...]
The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
Celebrate the businesses that go the extra mile to support their local communities February 20, 2017 The most important part of my role as lord mayor of the City of London is to represent the UK’s financial and professional services industry. Since my election last September I have been regularly meeting employees, employers, entrepreneurs and opinion-formers from across the UK – and one thing is increasingly clear: as a nation we [...]
UBS chair Axel Weber: We’re eyeing the exit ahead of Brexit because we need a new EU base once the UK leaves March 15, 2017 The chairman of UBS hinted today the Swiss bank may not wait until the end of Brexit negotiations to move jobs out of London. Back in January, Axel Weber said about 1,000 of the bank's jobs in London were directly linked to passporting, the complex set of rights which UK financial firms currently use to do business [...]
Inflation to hit 1.9 per cent for January as London businesses battle fastest cost rise since 2008 February 13, 2017 Consumer price inflation is expected to reach 1.9 per cent in January, taking it to its highest level since June 2014. It comes as businesses in the capital have faced the fastest rise in input costs for more than eight years during January. IHS Global Insight forecasts a third successive marked increase for the Consumer [...]
From PwC’s chair to the boss of Vodafone: Here are the top 30 men helping to tackle gender inequality in the workplace March 10, 2017 Lloyds Banking Group’s chief executive of commercial banking and the chairman of PwC have been named among the top 30 men challenging the status quo and promoting gender equality in the workplace. The Women’s Business Council and Management Today have revealed their 2017 Agents of Change, listing 30 male leaders who are actively working alongside women [...]
The Office Group is expanding to Hammersmith March 16, 2017 Co-working office provider The Office Group is expanding its footprint in the capital, taking out a 20-year lease on a building in Hammersmith. The company is opening up 61,000 square feet (sq ft) of flexible office space across the lower eight floors of 1 Lyric Square, a block located just minutes from Hammersmith tube station. [...]
British business leaders urge government to improve the UK’s lagging infrastructure February 6, 2017 Two thirds of British business leaders think that the UK’s infrastructure is worse than other developed economies, according to a Lloyds Bank survey released today. Only 8 per cent of the 77 boardroom-level executives who responded thought that the national infrastructure of the UK was better than that of other countries. The results of the [...]
Inside the Luxembourg bid to lure City firms after Brexit: How the Grand Duchy lines up against Frankfurt, Paris, Dublin and other rivals April 3, 2017 Alongside large and threatening Frankfurt, loud and opportunistic Paris and plucky Dublin, Luxembourg has kept a relatively low profile in the scramble to soak up some of London’s financial services power since the UK’s Brexit vote. But make no mistake, Luxembourg will be growing as a result of the UK’s decision. The city’s business area [...]