FTSE 100 pares gains as investors split on Sunak’s Budget March 3, 2021 The FTSE 100 pared some of its gains after today’s Budget, as investors reacted to a combination of further business support and future tax hikes. Having been up 1.2 per cent by the mid-morning, London’s blue chip bourse fell back to 6,639 points, up 0.4 per cent. Read more: Budget 2021: Live news and updates [...]
Barclays boosts first-half profit 82 per cent to £3bn August 1, 2019 Barclays today posted first-half profit before tax of £3bn, an 82 per cent increase on the same period last year. Total income fell one per cent to £10.8bn. Return on tangible equity was 9.4 per cent, down from 11.6 per cent in the first half of 2018. The bank said it was targeting return of [...]
Lloyd’s of London and Greene King apologise for slavery links June 18, 2020 Lloyd’s of London insurance market has issued an apology for its role in the 18th and 19th century transatlantic slave trade, calling it “an appalling and shameful” era. The insurer will fund charities and organisations created to promote opportunities for black and ethnic minority groups. Pub chain Greene King also formally apologised, and committed to [...]
Lloyds suspends 780 planned job cuts amid coronavirus uncertainty March 24, 2020 Banking giant Lloyds is suspending 780 job cuts across its branches amid surging demand for loans and uncertainty over how many of its staff may need to self-isolate. The cuts were originally announced in February as part of a cost-cutting drive by Lloyds, which is working to shrink its branch network in response to declining [...]
Banking industry group UK Finance names David Postings as new boss October 7, 2020 UK Finance, the banking lobby group, has appointed David Postings as its new chief executive to help steer the industry through the Covid-19 crisis. Postings, who recently stepped down as global chief executive of Bibby Financial Services, will take up the role at the start of next year, UK Finance said. He had previously held [...]
Lloyds Banking Group becomes first FTSE 100 firm to set ethnic diversity target February 11, 2018 Lloyds Banking Group is to be the first FTSE 100 group to set a formal target to make its senior staff more ethnically diverse. The group has set a target of making eight per cent of its senior management black, Asian and minority ethnic (BAME). Currently 5.3 per cent of the people who hold these [...]
Lloyds Banking Group to unveil £1bn share buyback and boost bonus payouts to £415m February 20, 2018 Lloyds Banking Group will unveil plans for a £1bn share buyback tomorrow along with boosted bonus payouts to staff. According to Sky News, Lloyds will reveal the news with its annual results tomorrow and a new three-year strategy. The bank is also expected to say that it will pay around £415m in bonuses to staff [...]
British life insurers paid £90m in coronavirus death claims by the end of May August 13, 2020 British life insurers paid £90m in claims for coronavirus deaths in the three months to the end of May, the Association of British Insurers (ABI) said today. Insurers received 7,000 life insurance claims from families of people who died from covid-19 and 83 per cent have been paid so far, the ABI said. Every life [...]
City Moves for 11 July – Who’s switching jobs? July 11, 2019 Today’s City Moves includes Norton Rose Fulbright, BDO and Historic Royal Palaces. Norton Rose Fulbright Global law firm Norton Rose Fulbright is to launch a legal operations consulting practice led by Stephanie Hamon, formerly of Barclays. The practice will launch in August and will provide management and operational advice to in-house legal teams at major [...]
Brock Pierce shares views on privacy and DeFi with crypto leaders August 20, 2021 Philanthropic cryptocurrency evangelist Brock Pierce offers up his thoughts on privacy and DeFi with other crypto leaders.