Fitch upgrades Lloyd’s of London June 10, 2014 The Lloyd’s of London insurance market has been given an upgrade by ratings agency Fitch, which said improved risk practices ahead of the Solvency II rule changes made the group’s debt a safer bet. Fitch said Lloyd’s had made major investments in ensuring stable earnings despite turbulence in the insurance market. Lloyd’s said the upgrade [...]
Metro Bank is the latest challenger bank to eye London float April 19, 2015 The battle between the "big four" high street lenders and the challengers banks just ratcheted up a notch. New kid on the block Metro Bank is eyeing a £1bn initial public offering on the London stockmarket next year, according to the Telegraph. This comes just five years after it emerged to shake-up Britain's banking landscape. [...]
Living close to Waitrose could boost your house price by 12pc April 3, 2015 Premium properties within easy reach of a Waitrose can command a 12 per cent (£38,831) higher price than similar properties in other areas. According to research from Lloyds Bank, houses close to supermarkets enjoy, on average, a seven per cent higher price than other properties in the same town. Lloyds compared the average house prices [...]
City Moves for 28 May 2015 | Who’s switching jobs May 27, 2015 Tokio Millennium Re The reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co has announced the appointment of Mark Julian as head of its UK branch. He joined Tokio Millennium Re (UK) in 2008 and assumed the dual role of chief risk officer and chief actuary in 2011. Baker & McKenzie Julia Hayhoe has [...]
FTSE bounces back on round of acquisitions – London Report May 27, 2015 BRITAIN’S top share index bounced back yesterday from a two-week low the day before as acquisitions boosted Imperial Tobacco, cement maker CRH and International Consolidated Airlines Group. The blue-chip index extended gains in late trade on the prospect of an accord between Greece and its creditors after a Greek government official told Reuters that a [...]
City Moves for 21 May 2015 | Who’s switching jobs May 20, 2015 LDC The private equity investor has appointed Simon Adcock as a portfolio director. Adcock, a qualified accountant with nearly 20 years of big four advisory experience, joins from Deloitte, where he was regional head of its corporate advisory business. He began his career at KPMG. Duff & Phelps The valuation and corporate finance adviser has [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
Lloyds to bank £1.5bn if TSB sale to Banco Sabadell goes ahead March 12, 2015 Lloyds is set to receive a final total of £1.5bn for TSB if the Banco Sabadell sale goes ahead – twice the £750m for which it had previously agreed to sell the lender to the Co-op Bank. The giant bank was forced to sell off TSB under the terms of its 2008 bailout. The [...]
Ukip candidate for North East Hampshire, Robert Blay, suspended after threatening to shoot Tory opponent in racist diatribe May 5, 2015 The Ukip parliamentary candidate for North East Hampshire Robert Blay has been suspended with immediate effect. In a video taken at a public meeting by the Daily Mirror, Blay privately lambasted his Tory opponent Ranil Jayawardena with a string of racist abuse. Blay then threatened to shoot the Tory candidate in the head. "I think [...]
General Election 2015: Labour’s non-dom tax change would hit some of UK’s biggest banks April 12, 2015 Labour's pledge to scrap non-dom tax status would affect top employees at some of London’s leading banks, including RBS, Lloyds and Barclays. Under the non-domicile rule, those with a permanent home abroad currently do not have to pay UK tax on overseas earnings. Only their UK income is taxed, although they have to pay £30,000 [...]