FTSE 100 slumps on UK credit rating downgrade as Hong Kong violence hits Asian stocks November 11, 2019 The FTSE 100 index slumped this morning after Moody’s downgraded its outlook on the UK’s credit rating, while global stocks took a hit on continued uncertainty over US and China trade talks and escalating violence in Hong Kong. The FTSE 100 fell as much as 1.19 per cent this morning to 7,271.5 points. London’s blue-chip [...]
FTSE 100 sinks deeper as oil prices continue collapse April 21, 2020 The FTSE 100’s losses mounted up today as US oil prices returned into negative territory despite Europe beginning to relax coronavirus lockdowns. London’s blue-chip index dropped 2.25 per cent by 2pm, after opening around 1.3 per cent down this morning. The FTSE 100 lost 131 points to hit 5,681 points as oil majors and energy [...]
Lloyd’s of London to set out plans for EU move in the new year December 15, 2016 Lloyd's of London will provide more insight into its Brexit preparation plans early next year, when it unveils the timetable for moving part of its business to another EU member state, with Ireland, France and Germany among the front-runners for its new foreign setup. The insurance giant is in the process of choosing a destination [...]
City Moves for 1 October – Who’s switching jobs at Huntswood, HSBC and the Evening Standard? September 30, 2019 Today’s City Moves includes Huntswood, HSBC and the Evening Standard Huntswood Martin Dodd has been appointed chief executive officer of specialist resourcing and consultancy firm Huntswood. He joins from Lloyds Banking Group, where he served as managing director of the company’s telephone banking operation. Martin will sit on Huntswood’s board, delivering the strategic ambition of [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]
ECB stimulus measures underwhelms investors disappointed by lack of rate cut March 12, 2020 The European Central Bank has unveiled a fresh stimulus package to help fight the economic impact of the coronavirus pandemic , but markets were left dismayed as the ECB unexpectedly stopped short of an interest rate cut. With millions of European citizens under lockdown and equities across the continent in freefall, the ECB had come [...]
Brexit day is here – but does the rest of the world even care? January 31, 2020 Today is the day that many have dreaded, many have dreamed of and a lot thought might never come. At 11pm, just as the first pubs begin to close, the United Kingdom will quietly slip out of a side door to exit the European Union, ending our membership of a club we’ve been in for [...]
Hiscox profits rise despite increase in claims in first half July 29, 2019 Insurer Hiscox today said its profit for the first half of the year rose three per cent to $168m, despite a higher volume of claims compared to the same period last year. Gross written premiums increased by just under 4.9 per cent to $2.3bn (£1.8bn), equivalent to a seven per cent rise in constant currency. [...]
London Metal Exchange introduces alcohol ban on trading floor June 14, 2019 The London Metal Exchange (LME) has introduced an alcohol ban on its trading floor in the latest move to overhaul its workplace culture. Staff working on the trading floor, or the “Ring”, will be banned from being under the influence of alcohol while at work. Traders set global prices for metals at the 142-year-old exchange. [...]
Bubbling over: Meet the English sparkling wine makers beating the French at their own game September 16, 2019 The Nyetimber estate is toast-worthy: tree-lined country lanes give way to a manicured driveway, revealing the lovingly restored tasting room. The medieval estate’s garden in full-bloom complete with fountains. The weather is, however, nothing to celebrate. I’m greeted with umbrellas and wellies. Another roaring British summer. The scene encapsulates what the owner of the Sussex [...]