Bankers dash for the cash in Standard Chartered’s 5k race July 10, 2014 Some 6,500 City workers ran through the streets of the Square Mile last night, not to All Bar One for first dibs on Thursday drinks, but as part of Standard Chartered’s annual 5k Great City Race. The rain held off as teams from firms such as Investec, KMPG, Lloyd’s of London, PwC and [...]
Leigh and Spall turn on the style October 30, 2014 FILM MR TURNER Cert 12a | By Alex Dudok de Wit ★★★★★ François Truffaut once suggested that there’s something about England’s countryside – “The subdued way of life, the stolid routine” – that’s “anti-cinematic”. If only he’d lived to see Mike Leigh’s latest movie, which is about all of these things and yet is a [...]
London Report: FTSE drops from six week highs on Lloyds sale September 17, 2013 THE UK’S top share index fell off one and a half month highs yesterday, with Lloyds bank among the worst stocks, while traders held off adding to positions in fear of the US Federal Reserve reducing stimulus measures. The blue-chip FTSE 100 index closed down by 0.8 per cent, or 52.69 points, at 6,570.17 points [...]
London Report: FTSE near to a record high on global pick-up June 9, 2014 BRITAIN’S top share index extended its gains and closed near a record high yesterday, led by mining companies, amid signs a global economic recovery was picking up speed. The UK mining index rose 0.4 per cent, making it the biggest sectoral gainer in the FTSE 100 index. The gains came after China, the world’s biggest [...]
City Moves for 30 June 2014 | Who’s switching jobs June 29, 2014 Unigestion The boutique institutional asset manager has appointed Jérôme Teiletche as managing director, head of cross asset solutions. He will also join its executive committee. Teiletche previously worked for Lombard Odier Investment Managers, where he was head of the solutions group. RSA The insurer has appointed Steve Lewis as chief executive for the UK and [...]
Lloyd’s of London boss warns of flood of capital into insurance September 5, 2013 LLOYD’S of London chairman John Nelson last night issued a stark warning about the potential for a new financial crisis if the flow of investment funds into the insurance industry is left unchecked. Low yields on traditional bonds has led investors to seek new locations for their money such as catastrophe bonds, which are eating into [...]
Now RBS caps UK mortgages June 3, 2014 RBS yesterday joined Lloyds in cutting back mortgage lending for the most expensive houses, in the latest sign that banks are worried that the market could overheat. The move came as Nationwide reported house prices are at a record high, while ex-City watchdog boss Lord Turner said he is worried about the towering pile of [...]
City ignores critics with rush to float June 16, 2014 LONDON’S fragile new issues market will shrug off the fears of sceptical fund managers this week as two of the country’s biggest employers pull the trigger on multi-billion pound listings. FTSE giant Lloyds Banking Group is expected to lift the bottom level of the price range for the listing of high street offshoot TSB, while [...]
Your new name from Heron-in is going to be… May 27, 2014 LAST week’s renaming of Heron Tower (or the artist formerly known as Heron Tower to you and I) to Salesforce Tower London is causing some kerfuffle in the City. Salesforce’s CEO Marc Benioff is pretty chuffed with his eponymous high-rise, and Heron is actually to be joined by another Salesforce Tower in Silicon Valley when its [...]
Now that banks are rationing loans, time to scrap Help to Buy May 20, 2014 SO the great crackdown on mortgages has started. With the Bank of England’s monetary policy committee uninterested in hiking interest rates, the only solution to contain house prices, sadly, is to ration credit. In theory, that is the job of the financial policy committee and its new-fangled macroprudential tools; but it has yet to act. [...]