Business confidence in London jumps to pre-pandemic levels April 30, 2021 Business confidence in London rose 20 points during April, to 32 per cent, its highest level since January 2020. Moreover, companies in the capital reported higher confidence in their own business prospects month-on-month, up 17 points at 31 per cent, according to the latest Business Barometer from Lloyds Bank Commercial Banking. When taken alongside their optimism in the economy, up 22 [...]
Hopes of economic revival buoys business confidence February 26, 2021 Business confidence has crept into positive territory for the first time since March 2020. Confidence across all UK regions and nations, Lloyds Bank found, with the North West, East Midlands and London businesses the most positive. Lloyds surveyed businesses in the first half of February, before Prime Minister Boris Johnson announced the ‘roadmap’ out of [...]
Goldman Sachs and JP Morgan to pay interns to quarantine in hotels June 13, 2021 Budding bankers at Goldman Sachs and JP Morgan forced to quarantine in hotels before they can begin their City careers will have their costs covered by the banks. The Wall Street titans are among the major lenders preparing to welcome another intake of new starters in the middle of the pandemic. But many of the [...]
FTSE 100 rises while US stocks mixed as investors await Fed meeting April 28, 2021 The FTSE 100 closed higher after a busy day of results while US stocks are mixed as investors awaited the outcome of the US Federal Reserve’s policy meeting. London’s blue-chip index closed 0.27 per cent higher boosted by a series of positive earnings updates from WPP and Lloyds. Investors’ focus now turns to the US [...]
Insurer Hiscox grows premiums as London market rates improve May 7, 2019 Insurer Hiscox grew gross written premiums in the first three months of the year as rates improved in the London market. The Lloyd's of London insurer said gross written premiums grew 3.3. per cent in constant currency to $1.164bn (£890m) in the first quarter. Read more: German insurer Allianz close to deal for L&G's general insurance [...]
Starling Bank secures £50m investment from Goldman Sachs April 19, 2021 Digital lender Starling Bank has extended its latest funding round with a £50m investment from Goldman Sachs. Last month it announced a £272m Series D funding round led by Fidelity Management & Research which valued it in excess of £1.1bn pre-money. Starling Bank today said Goldman Sachs investment marked an extension of the oversubscribed round, [...]
RSA Insurance bought for £7.2bn by Canadian and Danish buyers June 1, 2021 A consortium of Canadian and Danish buyers have completed the acquisition of RSA Insurance, in a deal worth £7.2bn. Under the terms of the all-cash deal, Danish buyer Tryg will take over the Swedish and Norwegian arms of RSA, while Canada’s Intact will have the Canadian, British and international businesses. RSA, which owns brands including [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 5, 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. OneBanks hires ex–Lloyds chief as its first CTO Shared branch banking venture OneBanks has appointed a former Lloyds Bank executive as its first chief technology officer (CTO) this week. Andy Willmot, once [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
What are the top FTSE 100 stocks to keep an eye on as the index begins to recover? March 22, 2022 Two years ago today, the FTSE 100 index closed at 5,190 points, after its 32% covid-19 pandemic-induced crash since 17 January 2020. But even as the Russia-Ukraine war rages, the UK’s premier index is back to 7,405 points, only slightly down from its 7,611 February high. And with oil, inflation, and interest rates rising, value investors are now [...]