Canary Wharf draws up plans for return to work May 15, 2020 Canary Wharf has drawn up plans to allow bankers, accountants and lawyers back to the financial district as lockdown restrictions start to ease. The London estate, home to the European headquarters of Barclays, Citigroup and HSBC, is issuing guidance to tenants this week, according to the Financial Times. The plans include introducing one-way routes, limiting [...]
Passing May’s Brexit deal would make sterling surge, says JP Morgan January 9, 2019 The sterling would surge by at least four per cent if parliament approves Prime Minister Theresa May’s Brexit proposals in a planned vote next week, JP Morgan said. The bank’s asset management wing also warned about the potential impact of extending Article 50, something the government has ruled out. Karen Ward, the fund manager’s EMEA [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]
European Super League: Who is in it? How will it work? Why is it happening? And can it be stopped? April 19, 2021 Twelve clubs, including Real Madrid, Barcelona, Juventus and six English teams, have confirmed they are planning to launch a breakaway European Super League. If it goes ahead, the move would represent the most significant change to club football in living memory. But what will the new competition look like? Which teams will be involved? And [...]
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Lloyd’s of London opens its doors for the first time since March September 2, 2020 Lloyd’s of London has reopened its doors with enhanced safety measures after nearly six months of remote working. Employees returned to the office on Tuesday after months of insurance contract negotiations taking place online and over the phone. In June the insurer, which is one of the last face-to-face financial markets, announced plans to reopen [...]
JP Morgan makes senior hire from Deutsche Bank November 13, 2018 JP Morgan has hired a senior banker from Deutsche Bank amid the German lender’s restructuring of its investment bank. Claire Brooksby has joined JP Morgan’s UK financial institutions coverage team in London as a managing director. She spent eight years at Deutsche, most recently leading the bank’s financial institutions group in the UK. Prior to [...]
Brexit: Kent to get ‘internal border’ to monitor incoming lorries September 23, 2020 Police will soon have to monitor Kent’s border and turn away lorries without an “access permit” as a part of the government’s Brexit plans. Cabinet Office minister Michael Gove said officers will use number plate recognition technology to monitor truckers travelling into Kent, with some characterising the plans as amounting to an internal UK border. [...]
S&P 500 and Dow climb for third day and close at records April 9, 2021 The S&P 500 and the Dow rose to close at record highs, posting a third straight weekly rise partly on lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week. The Dow Jones Industrial Average rose 299.21 points, or 0.89 per cent, to 33,802.78, the S&P 500 gained [...]
US jobless benefit claims push lower and labour market momentum slowing October 22, 2020 Initial claims for state unemployment benefits totalled a seasonally adjusted 787,000 for the week ended 17 October, down from 842,000 in the prior week, the Labor Department said today.