Philip Hammond warns Europe the UK will “find ways” to compete without a trade deal January 19, 2017 Chancellor Philip Hammond reiterated his warnings that the UK will “find ways” to compete if it is unable to secure a “comprehensive trading relationship” after Brexit. Hammond stressed that while the UK did not want to cut taxes to remain competitive, the decision was "not entirely in our gift". “We have to remain competitive. The best way [...]
At the close: FTSE 100 index closes higher as the oil price rises with banks’ and miners’ share prices including Anglo American and Glencore rising despite housebuilders and HSBC’s share price falling February 22, 2016 The FTSE 100 index closed higher today after the price of oil rose and there was a bounce-back in mining companies and banking shares. The UK's blue-chip index rose 1.47 per cent to 6,037 points, led higher by Glencore and Anglo American. "Rallying commodity prices from crude oil to copper have boosted the beaten up [...]
Dodd-Frank reform could force UK to loosen financial services regulations February 5, 2017 The UK and the rest of Europe could come under pressure to loosen financial services regulations, analysts have said, after the President of the United States last week set in motion his plans to scale back rules across the pond. Donald Trump signed an executive order for the 2010 Dodd-Frank financial regulations to be reviewed on [...]
The FTSE fell sharply at the open as bank stocks slid and Opec spooked oil markets November 28, 2016 The FTSE 100 is recovering slightly after posting a sharp fall at the open on Monday, as oil and bank stocks weighed on the index. The Bank of England is set to announce the results of its stress tests for UK banks on Wednesday. The stress tests investigate how the banks would fare in a [...]
City Moves for 21 February 2017 – who’s switching jobs? February 21, 2017 Today's City Moves cover financial restructuring, investment management and the tech sector. Take a look at these movers and shakers: Eversheds Sutherland Eversheds Sutherland (International) has appointed Carl Allen to its finance and restructuring team in London. Carl joins the firm from Pinsent Masons and will be based in Eversheds Sutherland’s London office. He specialises [...]
HSBC’s decision to keep its HQ in London is a ringing endorsement of the whole UK February 22, 2016 HSBC has not been far from the headlines in the past few days, and we can expect more news from the global banking giant today as it publishes its Annual Results. The issue that has kept so many City figures interested in the company for the past few months has been its decision over where [...]
The 9 best paying companies in the UK for directors January 5, 2017 Recruitment website Glassdoor has ranked British companies based on how much they pay directors — senior staff who generally take care of a particular area of a company. The site, which lets staff anonymously submit company reviews and salary information, used data compiled over the past three years to produce its list. Perhaps unsurprisingly, the [...]
Analysts banking on Lloyds and Barclays to have steamed ahead during 2016, as other UK lenders struggle February 19, 2017 Analysts are predicting Lloyds Banking Group and Barclays will race ahead of the pack when the UK's big banks report their earnings this week. Lloyds, which will report its 2016 full-year figures on Wednesday, is forecast a statutory pre-tax profit of £4.4bn, more than double the £1.6bn it reported in 2015, when its earning potential [...]
Lobby group calls for clear and upfront transitional plans to see City through lengthy Brexit process January 12, 2017 A leading think tank has today called on the government to secure "clear and upfront" transitional arrangements to smooth the path for the City through Brexit. A new paper, which lays out the financial and professional services sectors priorities for the Brexit negotiations, from lobby group TheCityUK also warns that drawing up the final EU departure deal could [...]
Now Santander lets you make payments using just your voice February 13, 2017 More proof that voice control is the future… Santander is now letting customers make payments just by asking their phone, along with several other new functions that work in a similar way to Apple's Siri or Amazon's Alexa Users of the bank's SmartBank app can use their voice to check their account balance, report a lost [...]