Lloyds’ private bank tells its wealthy clients that emerging markets such as India, Mexico and China are ‘THE asset class to watch’ May 2, 2018 Emerging markets are “THE asset class to watch” according to Lloyds Bank’s private banking division, which advises wealthy clients on how to invest. In a review of its ten-year investment strategy, Lloyds said that emerging markets such as China, India, Indonesia and Mexico offer investors the “potential to reap higher returns”. It noted that the [...]
StanChart lowers growth target over coronavirus and economic slowdown February 27, 2020 Standard Chartered has reported a 46 per cent jump in annual profit, but warned that operating income growth would be lower than expected this year due to the impact of the coronavirus epidemic in key Asian markets. The figures StanChart’s statutory pre-tax profit jumped 46 per cent to $3.7bn (£2.9bn) in 2019, up from $2.6bn [...]
Manufacturers ‘risk recession’ as Brexit stockpiling hits record highs February 1, 2019 Storm clouds are gathering above Britain’s manufacturers, as positive sentiment in the industry fell to a 30-month low in January amid record levels of stockpiling in the run-up to Brexit. Manufacturing activity fell to a three-month low in January, as stocks of purchases rose at a record rate, according to the latest Purchasing Managers' Index [...]
City Moves for 29 November – who’s switching jobs at CBRE, Co-operative Bank and Genesis? November 28, 2018 Who’s moving jobs? CBRE Global real estate advisor, CBRE, has appointed Colin Elliot to lead its corporate capital markets business, part of CBRE Capital Advisors. The appointment is a key strategic hire for the Capital Advisors team as it looks to optimise the potential for growth of this important business sector, providing strategic financial advice [...]
Santander accused of circumventing professional PPI claims firms September 11, 2019 Professional claims managers have accused Santander of trying to minimise its PPI payments after the bank started going above their heads, dealing directly with customers. The bank confirmed it was talking to customers, skipping the claims management companies (CMCs) to save time on the process. Read more: Lloyds suspends share buyback as PPI costs rise [...]
10 shares to generate £10,000 income in 2019 February 11, 2019 Four years ago, we asked how much an individual would need to invest in order to generate an annual income of £10,000 from corporate dividend payments. Rising yields have allowed us to reduce the amount each year and still meet the income objective, but 2018 proved a stiffer test and requires some explaining. First, big [...]
Watchdog slaps Lloyds with legal demands over PPI failures October 4, 2018 The UK’s competition watchdog has handed Lloyds legal directions after the lender failed to meet its obligations around managing accounts with payment protection insurance (PPI), the policy at the centre of a huge mis-selling scandal. The Competition and Markets Authority (CMA) has called on the lender to “put effective systems and procedures in place” after it [...]
Sainsbury’s bats away criticism of new chairman Martin Scicluna July 11, 2018 Sainsbury’s yesterday defended its new chairman after he received criticsm from an investor concerned with his involvement in a botched merger when he worked for Lloyds bank. The supermarket yesterday said insurer RSA’s chairman Martin Scicluna would become non-executive chair in March 2019. Scicluna worked for Lloyds Banking Group when it bought struggling HBOS in [...]
PA Awards 2021 November 8, 2021 Behind every great business person is an exceptional PA, EA or VA. City A.M. is once again celebrating those Personal, Executive and Virtual Assistants in a unique ceremony at Bob Bob Ricard in the heart of the Square Mile on Tuesday 7th December. This year’s event promises to be bigger and better than ever, with more [...]
Hiscox launches share placing and predicts business interruption insurance hit of £10m to £250m May 5, 2020 Lloyd’s insurer Hiscox launched an equity placing of 20 per cent of its share capital and said its business interruption insurance exposure could range from £10m to £250m today. Based on its share price at close the placing could raise approximately £400m. Hiscox is facing potential legal action from a group of policyholders who say [...]