FTSE 100 close: HSBC leaps and BP gives up gains in mixed day for London index August 1, 2023 London’s FTSE 100 kicked lower today after a clutch of mixed results puzzled investors. The capital’s premier index fell 0.43 per cent lower to 7,666.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slipped 0.41 per cent to 19,065.66 points. A set of results [...]
London fintech punches above its weight, but it still needs to stay ahead of the curve April 17, 2023 As other cities continue to tempt away our London tech firms and other investment, we need to work even harder to stay competitive, writes Chris Hayward.
City watchdogs risk ‘watering down’ London rules in red tape bonfire, FTSE bosses warn July 25, 2023 City watchdogs are at risk of “watering down” standards in the capital as the government throws its weight behind with a slew of reforms to the listings regime and capital markets, FTSE bosses have warned.
FTSE 100 close: US recession jitters outweigh oil price surge on London index June 5, 2023 London’s FTSE 100 lost momentum in the afternoon session today after new data revealed the US economy is wilting under the weight of the Federal Reserve’s interest rate hikes. The capital’s premier index slipped 0.1 per cent to 7,600 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Top fund management group launches in London after ‘attack’ from US regulators April 19, 2023 A major US fund management body has announced a push into the UK today as its members come “under attack” in the US and look to capitalise on a more friendly regulatory environment.
Building materials firm CRH set to move London listing to New York March 2, 2023 Building materials giant CRH is planning to shift its main stock market listing from London to New York, in a fresh blow to the UK markets. The world’s largest construction materials firm told shareholders on Thursday that around three-quarters of its earnings came from North America, as it explained the proposals. CRH, which is headquartered [...]
To escape an identity crisis, the City of London must cherish new public spaces March 2, 2023 The City of London changes with the times, and so does its identity. To foster an inclusive community of residents and workers, it needs a strong sense of place built around public spaces, writes Martha Grekos
More business groups back London City Airport expansion after council blocked growth plans July 20, 2023 More business groups have come out in support of City Airport’s expansion plans after they were blocked by a local council. Early last week, Newham Council voted to oppose City Airport’s proposals, which would have created nearly 4,000 jobs and upped passenger capacity by two and a half million at the east-London hub. The airport [...]
London Stock Exchange Group profits jump as it hails Refinitiv deal a success March 2, 2023 The London Stock Exchange Group said its “strategy is working” today as it posted a jump in pre-tax profits and claimed its acquisition of data firm Refintiv had delivered a boost to to the bottom line. The parent company of London’s bourse said pre-tax profits had jumped 38.8 per cent to £1.24bn last year, up [...]
David Carrick failures see the Met betray the trust of Londoners – again January 16, 2023 A failure of leadership? A broken culture? An abject lack of responsibility? All three seem evident at the Metropolitan Police – an organisation which has lost the trust of Londoners. Yesterday’s lurid details of the crimes of David Carrick – a serial rapist who used his warrant card to win the trust of his victims [...]