Former Lloyd’s of London CEO Inga Beale joins London First board January 10, 2019 Dame Inga Beale, who became the first female chief executive of Lloyd’s of London in 2013, has joined the board of business campaign group London First. The City veteran will assume her role at London First with immediate effect, having announced her departure from Lloyd’s last year. Read more: Lloyd's of London appoints successor to Beale [...]
FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]
Lloyds in talks over £400m deal for retirement group Embark May 9, 2021 Lloyds Bank is in talks over a £400m deal to acquire retirement products provider Embark in what would be its biggest acquisition since it returned to private ownership four years ago. The lender is close to finalising a deal and an announcement could come as early as this month, Sky News reported. Embark, which was [...]
Covid: West End shows halted as self-isolation rules hit theatres August 10, 2021 While the end of lockdown restrictions promised a show-stopping return for the West End, self-isolation troubles mean London theatres are still being forced to put productions on ice. Joseph and the Technicolour Dreamcoat, Jersey Boys and The Lion King have all been forced to cancel performances in recent days after cast or crew members were [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 8, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Exclusive: Kin Fund Services poaches secretarial lead from Flutter Alternative investment fund manager and fund administrator Kin Fund Services, part of Kin Group, has poached Deirdre Quinn from FTSE 100’s Flutter Entertainment, City A.M. can reveal. [...]
City winners: This year’s most popular funds and shares, which include BP, Rolls Royce, Tesla and Argo Blockchain December 29, 2021 DIY fund buyers didn’t get the memo that value investing is back in fashion, instead largely plumping for growth strategies over the course of 2021. “Success breeds success they say, and retail investors clearly have a high conviction that these funds will continue to prosper,” Laith Khalaf at AJ Bell told City A.M. as he [...]
Congestion charge to be rolled back to 18:00 on weekdays July 28, 2021 The London congestion charge will stop at 18:00 on weekdays under new proposals from Transport for London (TfL) to encourage punters to return to the capital’s hospitality hotspots in the evenings. However, on weekends it will become operational between 12:00 and 18:00, in order to reduce congestion in central London and get people back on [...]
EU officials mulling post-Brexit financial reforms May 15, 2019 European officials have reportedly drawn up draft plans for a major raft of financial regulations post-Brexit. Read more: Brexit party dominates EU election vote poll as Tories lag behind According to Reuters, the European Commission has composed a 12-page document setting out the body’s plans to speed up banking measures in what looks set to [...]
Extinction Rebellion: City of London to be next climate campaign target August 19, 2021 Environmental activists have said they will begin a fresh campaign next week in the heart of the capital’s financial district. The fortnight-long campaign targets the City of London, which Extinction Rebellion activists blame for stoking climate change with fossil fuel investment chains. Extinction Rebellion (XR) has regularly staged demonstrations across the UK – targeting banks [...]
London Tories call for Khan to reopen van and lorry scrappage scheme July 23, 2021 London’s Conservatives have today written to Mayor Sadiq Khan urging him put £50m from City Hall’s business rates reserves towards reopening scrappage schemes for vans and heavy vehicles ahead of the expansion of the ULEZ zone. Although Khan has so far provided £61m to drivers looking to trade in non-ULEZ compliant vehicles, the van and [...]