Greater London has highest levels of pollution, with Portsmouth ranked best May 21, 2021 Greater London has the worst levels of air pollution, according to Defra’s Daily Air Quality Index, which is set to rise as lockdown restrictions ease and the capital renews itself as a tourism hub. The capital has been ranked a score of 2.84 on the index. While the average score for the UK’s urban areas [...]
Scot free: City watchdogs at the Financial Conduct Authority (FCA) say they will take no action against Royal Bank of Scotland GRG | City A.M. July 31, 2018 The Financial Conduct Authority (FCA) today said it will take no action against Royal Bank of Scotland (RBS) following the scandal over its treatment of customers in the now notorious global restructuring group (GRG). The City watchdog took legal advice which found that GRG’s activities were not within its remit, ruling out any sanction against [...]
RBS launches digital bank Bo in bid to rival fintechs November 27, 2019 Royal Bank of Scotland (RBS) has officially launched its digital bank as it looks to rival a group of fast-growing fintechs and hoover up more online customers. The state-backed lender has created Bó, its new digital, cloud-based bank featuring a bright yellow Visa card and a mobile app. Read more: LSE hires fintech to widen [...]
Barclays and Santander to cut chief executive pension perks November 28, 2019 Barclays, Santander and Lloyds Banking Group have all slashed pension allowances for their bosses after an outcry from MPs and investors. Barclays chief executive Jes Staley is set to receive a cash lump sum of £396,000 instead of a pension this year, which is equivalent to 34 per cent of his salary. From next year, [...]
Natwest raises available loans for small businesses by over £2bn for Brexit support October 17, 2019 NatWest has added £2.2bn to a Brexit loan pot aimed at supporting small businesses amid Britain’s imminent departure of the EU. The high street lender is upping the size of its Growth Funding programme to £8.2bn after identifying thousands of smaller firms facing potential disruption with Brexit. Read more: Bank of America trumps estimates Natwest, [...]
Hospitality: A quarter of Britain’s pubs and restaurants still to reopen after lockdown May 31, 2021 One in four of Britain’s restaurants, pubs, bars and other licensed premises have yet to reopen despite the return of inside service. Around 25,000 venues across Britain are still shut, according to new hospitality data from CGA and AlixPartners, shared with City A.M. this morning. The data shows similar trading numbers in England (76.6 per cent) and Scotland [...]
UK tech: Record raise of £13.5bn pushes number of British unicorns to 105 September 20, 2021 The UK tech sector raised £13.5bn in the first six months of this year, almost three times more than the same period a year ago, according to new data. As a result, the number of British unicorns has jumped to 105. Companies including fintech giant Revolut, online video conference business Hopin and online car sales [...]
Schroders and Lloyds JV appoints IG Group boss as CEO October 7, 2019 The wealth management joint venture between Schroders and Lloyds Banking Group has appointed former IG Group boss Peter Hetherington as its new chief executive. Hethrington worked at IG for 25 years after joining the firm as a graduate trainee and spent 13 years as its chief operating officer and executive director before taking the top [...]
Exclusive: Report ranks England among the worst teams left at Euro 2020 – but last-16 opponents Germany have been one of the best June 25, 2021 England are one of the worst performing teams left in Euro 2020, according to data analysis shared with City A.M. Gareth Southgate’s side, who face Germany in the second round on Tuesday, rank 16th out of 24 teams based on performance in the group stage. England have a lower rating than Turkey, Poland and Slovakia, [...]
Crown Estate to launch new large-scale floating wind farm leasing round March 24, 2021 The Crown Estate has today announced that it is beginning work on a new leasing round for floating wind power projects in the Celtic Sea. Floating turbines are still an emerging technology, but if successful could enable wind farms to be built much further offshore. In December the UK announced that it would seek to [...]