Stansted joins London City in predicting passenger demand will surge in 2022 January 17, 2022 Stansted airport’s owner Manchester Airports Group (MAG) has joined London City Airport and predicted demand will surge in 2022 following the relaxation of Covid rules. After seeing booking soar following last week’s decision to scrap pre-departure and Day 2 PCR tests, the group is expecting demand to get back to almost pre-pandemic levels by the [...]
City exclusive: Women occupy less than one in six senior positions at London hedge funds May 9, 2022 The financial industry has long been dominated by men, whether in banking, insurance, or hedge fund management. Even today, it has emerged that women occupy just 15 per cent of senior positions in the City’s hedge funds. A new study that was exclusively shared with City A.M. found that, within hedge funds, only one in [...]
BGF invests record £165m into London and South East firms January 17, 2022 BGF pumped a record £165m into London and the South East in last year, new figures from the firm have revealed.
Protests in London as Priti Patel’s Policing Bill heads into critical vote January 16, 2022 Protesters flocked London’s streets over the weekend to protest Priti Patel’s Policing Bill, which will be tabled for a critical vote by peers tomorrow. The Bill, if passed, will grant police new powers to clamp down on demonstrations, including extended stop and search powers and longer sentences. The so-called ‘Kill the Bill’ protests have cropped [...]
Lack of buyers for No 1 Poultry loan in worrying sign for City’s property market December 6, 2023 Bank of Ireland is trying to dodge a loss on a loan secured against No 1 Poultry, a worrying sign for London's commercial property market.
Fiena is London’s first female-only ‘adventure’ members’ club July 6, 2021 As we approach the beginning of the end of Covid restrictions, it seems clear that the way we work and socialise will be drastically different going forward. Despite most firms being desperate to see a full return to office life, it seems likely that we’ll settle into a more flexible routine. But even those who [...]
LV= seeks to reassure members after Royal London merger talks collapse February 13, 2022 Mutual insurer LV= has told members it was wrong to say that it could not survive without being taken over by Bain Capital, after plans for its merger with Royal London collapsed last week. In a letter to LV=’s 1.1m members, the firm said LV=’s Board no longer believes that merging with another mutual insurer [...]
Lloyd’s of London prepares to fight over picking the tab up for $10bn Russian-seized planes May 2, 2022 Lloyd’s of London and aircraft lessors are reportedly going to war over who needs to pick up the tab after more than 400 foreign-leased planes were seized by Moscow following the invasion of Ukraine. Sources told the Telegraph Lloyd’s of London has hired global law firm Clyde & Co to investigate whether insurance claims made [...]
London markets tumble on imminent circuit breaker lockdown concerns December 20, 2021 London markets tumbled today on concerns fresh restrictions to curb the spread of Omicron are about to hit England. The capital’s premier FTSE 100 index slid 0.99 per cent, closing at 7,198.03 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, finished 1.01 per cent lower [...]
Londoners heed call not to travel in extreme heat with near 50 per cent drop in Tube use from pre-Covid July 19, 2022 Londoners are heeding the government’s advice and staying at home due to the extreme heat, with entries and exits on the train network down almost 50 per cent. During the morning rush-hour on Tuesday, there were 1.03 commuters using the Underground, marking a 47 per cent drop on pre-pandemic levels. This was also 30 per [...]