FTSE 100 close: London index muted as Barclays and Lloyds Bank give up early gains April 20, 2023 London’s FTSE 100 was muted today as investors ditched mining giants, curbing the sector’s recent rally, while high street banks gave up strong early gains. The capital’s premier index edged 0.01 per cent high to 7,899.48 points, while the domestically-focused mid-cap FTSE 250 index, which is more responsive to sentiment toward the UK economy, nipped [...]
London banking stocks tumble as Silicon Valley Bank shockwaves spread to HSBC, Barclays and Lloyds March 10, 2023 A crisis at US start-up lender Silicon Valley Bank (SVB) has sent shockwaves across the Atlantic today and dragged down shares in London-listed lenders. Shares in Nasdaq-listed SVB plunged over 60 per cent yesterday after the firm announced a $1.75bn share sale on Wednesday in a bid to shore up its balance sheet and plug [...]
Regulator ramps up Lloyd’s of London whistleblowing monitoring December 23, 2019 The Bank of England has ramped up its monitoring of Lloyd’s on London’s whistleblowing processes, it said today. The Prudential Regulation Authority (PRA) announced the insurance market had agreed to extra checks. Read more: FCA head Andrew Bailey confirmed as next Bank of England governor In February, Lloyd’s told the PRA its only anonymous whistleblowing [...]
FTSE 100 close: HSBC and Lloyds lead gains on London index as Turkish lira slides after inconclusive election May 15, 2023 London’s FTSE 100 kicked off a new week in decent style today, led higher by Britain’s largest banks clocking strong gains. The capital’s premier index advanced 0.30 per cent to 7,777.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.37 per cent to [...]
P&O to face soaring insurance bill after sinking to riskiest safety rating April 18, 2022 P&O is to face soaring insurance bills after it sank to the riskiest safety rating, with its performance deemed “very low.” According to an analysis of an international database of inspections, P&O was previously awarded a “medium rating,” but after it sacked 800 seafarers and replaced them with agency workers the rating sank. “It’s very [...]
FTSE 100 close: Barclays and Lloyds Bank help London index kick off new week in the black February 20, 2023 London’s FTSE 100 kicked off the week with a positive start, led higher by Lloyds Bank and Barclays which both rose ahead of UK banks’ earnings season ramping up. The capital’s premier index nudged 0.12 per cent higher to 8,014.22 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
AerCap posts $2bn net loss as jets remain stranded in Russia May 17, 2022 AerCap has posted a $2bn net loss in the first three months of 2022 as more than 100 of its jets remain stranded in Russia following the invasion of Ukraine. The world’s largest aircraft lessor said today that after sanctions were imposed on Moscow by the West, 113 of its jets and 11 engines remained [...]
FTSE 100 close: Credit Suisse share price shoots up 30 per cent as HSBC and Lloyds climb in London March 16, 2023 London’s FTSE 100 today partly clawed back yesterday’s losses that saw it clock its worst day in over a year as the index was ensnared by global markets sweating over the health of the European banking system. The capital’s premier index jumped 0.89 per cent to 7,410.04 points, while the domestically-focused mid-cap FTSE 250 index, [...]
Lloyd’s of London reminds staff of ‘standard of behaviour expected’ ahead of Christmas parties December 6, 2019 Lloyd’s of London has warned its workers to behave appropriately at upcoming Christmas parties. It comes following allegations of bullying and sexual harassment at the world’s biggest insurance market. Chief executive John Neal told Financial News that an email had been sent to the around 45,000 staff at Lloyd’s and its member companies to remind [...]
Lloyd’s of London to set up Manchester hub April 20, 2021 Lloyd’s of London plans to set up a Manchester ‘hub’ that will house a number of digital roles, locally sourced from Manchester’s talent pool. The insurer said the new hub should be up and running by January 2022, and those working in Manchester will be offered flexible working. The hub will focus on enhancing Lloyd’s [...]