City traders pull election all nighter May 7, 2015 THE MOST hotly-contested General Election in decades prompted City workers to stay glued to their terminals last night, with many still at their desks this morning. Traders strived to remain more eagle-eyed than bleary-eyed, watching over markets in case of sudden movements sparked by the race for Downing Street. The scope for market jolts was [...]
London’s firms leading British growth spurt March 9, 2015 LONDON’S economy is leading Britain’s resurgence and contributing to an acceleration in job creation, Lloyds’ regional business survey shows today. Britain’s purchasing managers’ index (PMI) score held steady at 56.7 in February – a strong result, as any score over 50 represents growth. Business activity has now been rising for 28 consecutive months, according to [...]
London Stock Exchange “1000 companies to inspire Britain” 2015: London leads competitors Greater Manchester and Essex March 10, 2015 Specialty beer firm BrewDog, challenger bank Metro Bank and high-street café Patisserie Valerie are all among the "1000 companies to inspire Britain" named by the London Stock Exchange. The report, supported by Lloyds Bank, the Business Growth Fund and Cenkos Securities, is in its second year. Most of the companies more than doubled their revenue in [...]
Tory MPs demand end to banker bashing: Bank levy debate hots up after historic Conservative election victory May 11, 2015 Conservative MPs and senior City figures want the new government to rein back punitive taxes aimed at banks and avoid weakening one of the UK’s most competitive industries. Shares in banks jumped on last week’s unexpected election result. Defeated Labour leader Ed Miliband had threatened major hikes to the bank levy, more bonus taxes and [...]
Aerial London: Seven amazing photographs of the City March 11, 2015 Have you ever wondered what the City looks like if you're hanging out of a helicopter, and about 1,000ft high? Jason Hawkes, who is one of the world's top aerial photographers, has carved a career out of doing just that. His portfolio features aerial shots of some of the city's most famous skyscrapers like the Gherkin [...]
Apollo and CVC look to sell off Brit insurance February 16, 2015 Insurance company Brit is close to being sold off by its private equity owners CVC and Apollo, it emerged last night. Brit, a Lloyd’s of London insurer that specialises in underwriting complex products such as kidnapping insurance, is attracting several parties, including at least one from the US. Update: To read the details of [...]
Veteran dealmaker Rupert Hume-Kendall calls time on City career at Bank of America Merrill Lynch April 22, 2015 One of London’s best-known investment bankers is bowing out after 18 years at Bank of America Merrill Lynch. Rupert Hume-Kendall, one of the best-known dealmakers in the City, is stepping down from his position as chairman of global corporate and investment banking for Europe, the Middle East and Africa at Bank of America Merrill Lynch. [...]
London drives economic boom at start of 2015 February 8, 2015 UK COMPANIES are starting the year positively after a slow end to 2014, new survey data shows. A purchasing managers’ index for the UK – a survey of private sector firms – ticked up to a score of 56.7 in January, according to figures released today by Lloyds Bank. All nine English regions recorded growth, [...]
Top Rabobank trader banned for rate rigging March 17, 2015 A FORMER senior trader at Rabobank was yesterday banned by the Financial Conduct Authority (FCA) over Libor rate-rigging. Paul Robson is the first trader to be banned by the City regulator for attempted Libor manipulation. The FCA action follows a US criminal conviction for Robson over interest rate-rigging. He was the second person at the [...]
High season at Ten Trinity Square: Architect Suzette Vela Burkett on restoring a grand Tower Hill landmark April 23, 2015 One of the city’s finest buildings, Ten Trinity Square, is set to re-open at the end of 2016 as a Four Seasons Hotel, with luxury residences on top. It was opened by Prime Minister David Lloyd George in 1922 as the Port of London Authority and it took 11 years to build. It also hosted [...]