UK car sales sink 35 per cent in June despite post-lockdown restart July 6, 2020 UK new car sales plunged a third in June despite the easing of lockdown measures, new data showed today, after worse falls in April and May. New car registrations sank 34.9 per cent in June year on year, according to the Society of Motor Manufacturers and Traders (SMMT). But that marked what the body called [...]
Two further London coronavirus deaths taking total to 10 March 12, 2020 Two further coronavirus patients have died in London hospitals taking the total of UK coronavirus deaths to 10, the Department of Health said today. An 89-year-old with underlying health conditions died at Charing Cross Hospital, while a woman in her 60s died at Queen’s Hospital in Romford. The London deaths mean 10 UK coronavirus patients [...]
HSBC evacuates over 100 from Canary Wharf HQ after employee contracts coronavirus March 5, 2020 HSBC has evacuated more than 100 staff from one floor of its Canary Wharf headquarters after one of its research analysts contracted coronavirus. City A.M. understands that an analyst in the bank’s research department tested positive for Covid-19 late last night, and informed the bank of his diagnosis this morning. Read more: City of London [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
Sir Vince Cable condemns ‘shocking’ link between Treasury targets and RBS bosses’ pay January 31, 2019 Former business secretary Sir Vince Cable has hit out at “shocking” evidence that appears to suggest the pay of RBS’s top brass within its controversial global restructuring unit (GRG) was linked to Treasury targets. Fresh questions are being asked about the extent of the Treasury’s involvement in RBS’s GRG unit following allegations that emerged in [...]
FTSE 100 retailers boosted by Brexit breakthrough, but stronger sterling hurts blue chip index November 22, 2018 Retailers and housebuilders were leading the way in the FTSE 100 this afternoon following the news that the UK and EU have agreed a draft text on their future relationship after Brexit. Online delivery service Just Eat saw its share price increase by nearly four per cent, while online gambling firm GVC Holdings, Berkeley Homes, Burberry [...]
Wisdom of crowds: startup brings crowd funding to litigation finance February 11, 2019 When Cormac Leech, chief executive of new crowd funding litigation platform Axiafunder, is questioned about the potential 20-30 per cent returns offered to investors on its website, he doubles down. “If anything I’d say its conservatively 20-30 per cent, we would aspire to do better than that actually,” he says. Any investment offering such stellar [...]
City Moves for 20 September 2018 – who’s switching jobs at Metro Bank, Investx and FedEx Express? September 20, 2018 Today's City Moves cover banking, finance and package delivery. Take a look at these movers and shakers: Metro Bank Metro Bank has appointed Catherine Brown as an independent non-executive director. Catherine holds various non-executive roles including: non-executive board member at the Cabinet Office, non-executive director of FNZ (UK) Limited and chairman and non-executive director of [...]
City Moves for 20 September 2018 – who’s switching jobs at Metro Bank, Investx and FedEx Express? September 20, 2018 Today's City Moves cover banking, finance and package delivery. Take a look at these movers and shakers: Metro Bank Metro Bank has appointed Catherine Brown as an independent non-executive director. Catherine holds various non-executive roles including: non-executive board member at the Cabinet Office, non-executive director of FNZ (UK) Limited and chairman and non-executive director of [...]
More than £6bn wiped off combined value of RBS, Lloyds and Barclays amid Brexit deal fiasco November 15, 2018 More than £6bn has been wiped off the combined value of Barclays, Lloyds and Royal Bank of Scotland today as turmoil over Theresa May's Brexit deal hit the banking and housebuilding sectors. The threat of a no-deal reared its head this morning after Brexit secretary Dominic Raab dramatically resigned after the Prime Minister pushed her [...]