Covid-19: Who is winning the global vaccine race? November 30, 2020 Large global trials of several Covid-19 vaccine candidates involving tens of thousands of participants are well underway with some having gathered sufficient data to seek emergency use authorisation. The following is what we know about the race to deliver vaccines to help end the coronavirus pandemic that has claimed more than 1.45m lives worldwide: Who [...]
Bank of England apologises for historic slave links June 19, 2020 The Bank of England has apologised for the involvement of past governors and directors in the slave trade and vowed to remove all statues and paintings of them from its City headquarters. New analysis of a University College London (UCL) database found that 25 previous governors and directors of the Bank of England benefited from [...]
Insurance is a jewel in the City crown May 20, 2020 As the relatively new Member of Parliament for the City, I have been finding my way around the incredible range of financial services which London offers the world – and insurance and reinsurance are definitely jewels in the crown. So, the publication of the third edition of the London Matters report this week was a [...]
For the sake of our economy and our culture, we need to save London’s theatres July 3, 2020 Tomorrow, large parts of London’s economy will start to reopen. Pubs and restaurants will fling wide their doors, hotels will begin to welcome guests, and museums and art galleries will once more be open for business. But not all of London will be switching back into gear. Live performances are still banned, placing immense pressure [...]
FTSE 100 and Wall Street chase record highs as vaccine hopes boost markets December 1, 2020 The FTSE 100 logged its best session in three weeks today while Wall Street hit record highs as markets continue to ride a wave of vaccine optimism. The blue-chip bourse closed up 1.9 per cent, while the FTSE 250 midcap index rose by 2.6 per cent. It comes after the FTSE recording its biggest gain [...]
Britain’s biggest banks warn coronavirus pandemic will hit income March 17, 2020 Some of the largest banks in Britain have warned the coronavirus pandemic will hit their already under-pressure earnings, with a decline in economic activity eating into fee income. Lloyds will delay part of a £3bn technology investment programme in response to the coronavirus pandemic to maintain its capital levels, its chief executive said today, as [...]
London business confidence soars to highest in UK following election January 30, 2020 Business confidence in London jumped during January as the decisive General Election result helped boost the morale of firms in the capital, figures released today show. The business confidence of London companies leapt 22 points to 38 per cent in January, reaching the highest level of any region, according to the latest Business Barometer from [...]
Lloyds Bank announces 56 branch closures this year January 29, 2020 Lloyds Banking Group has announced today that it will close 56 branches across the UK. The bank will close 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches between April and October of this year. The financial services union Accord said in a statement: “We fully appreciate that the demand for high street branch [...]
London firms now more pessimistic about Brexit than rest of country January 19, 2020 London firms are now more pessimistic about the effect Brexit will have on the economy than the UK as a whole, new analysis has shown, despite being less daunted than the rest of the country by the prospect a year ago. However, the capital’s businesses remain more confident about their trading prospects, hiring intentions and [...]
Awards 2023 January 4, 2023 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]