Bank of England stress test: British lenders assessed against global economic crunch March 30, 2015 Britain's biggest banks have to prove they could withstand a global economic crunch, under a stress test unveiled by the Bank of England yesterday. The fictional scenario is based on real fears that a slowdown in China and renewed recession in Europe could hit the UK economy and its banks. The six biggest banks [...]
Denis MacShane in comeback bid as author of Brexit book March 2, 2015 What might we see if Britain left the EU? Planes falling out of the sky? Excessively bendy bananas? Global economic carnage? Maybe not. Yet the prospect has been sufficient to prompt warnings from financial giants HSBC and Goldman Sachs already this year. “Having the UK be part of Europe is the best thing for all of [...]
Budget 2015: The stories that broke during George Osborne’s speech March 18, 2015 The announcement of the UK government’s annual budget is one of the biggest dates in the financial calendar. City hacks' ears were tuned into George Osborne’s speech this lunchtime, as eyes were glued to Twitter for all the breaking hot takes on the chancellor’s tie colour and fingers were madly typing away to produce a [...]
GDP and consumer confidence rises reflect UK growth – London Report February 22, 2015 GDP growth is this week likely to be confirmed at 0.5 per cent quarter-on-quarter for the final three months of 2014. That growth is likely to be reflected further on Friday with consumer confidence for February at a 12-year high. The corporate week starts today with reports from Associated British Foods, Bovis Homes, HSBC and [...]
McFall quits Atom for banking ethics job April 7, 2015 INFLUENTIAL peer and former MP John McFall has quit his role as a director of Atom Bank after just six months in the job. He is moving to become deputy chairman of the new Banking Standards Board (BSB), which would create a conflict of interest if he remained in his non-executive role at the challenger [...]
How backing rugby helps to build a global head of steam May 10, 2015 Heathrow Express’s Fraser Brown looks to players’ speed on the field to win the high-speed rail link more conversions IF YOU are a lover of statistics, you’ll love this opening paragraph. Of the 50m passengers who arrive at Heathrow airport every year, around 20m travel immediately into central London. Of that 20m, nearly a third [...]
Accounts with benefits: The perks of premium bank accounts March 26, 2015 Nothing says “badge of success” quite like a private bank account. Historically, offering them to customers has been the preserve of the private bank, but in recent years, growing numbers of high street institutions have begun to offer packaged – or premium – accounts to customers with substantial savings and (more often than not) six-figure [...]
Tottenham Hotspur stadium development gets go-ahead after High Court appeal decision February 20, 2015 Tottenham has been given the green light to build a new 56,000-seater stadium at White Hart Lane following a High Court battle. A judge has rejected an appeal by Archway Sheet Metal Works, the owner of the sole property standing in the way of construction of the Premier League club's new stadium, which had argued that [...]
Tesco: What assets has it sold off and what’s heading to the checkout as billion-pound South Korea sale considered? June 5, 2015 Streamlining, belt tightening, slimming down: call it what you will, but Tesco assets are making their way through the checkout at a swift pace, as the troubled supermarket attempts to raise funds for its turnaround. The latest item heading for the bagging area after reporting its biggest ever loss, is part of its large and [...]
City Moves for 10 February 2015 | Who’s switching jobs February 9, 2015 Tomorrow Partners The debt advisory firm has hired Daniel Morland as a partner. He has over 20 years’ financing experience, and was most recently at Gleacher Shacklock, where he was a partner and head of debt advisory. Prior to that, Morland held senior roles at Close Brothers. Cantor Fitzgerald Cantor Fitzgerald Europe has announced the [...]