Lloyd’s of London could announce Brexit restructure plans before Christmas September 22, 2016 Specialist insurance market Lloyd's of London is close to announcing whether it is considering relocating part of its operations if the UK loses vital passporting rights as a result of the Brexit vote. Chairman John Nelson told City A.M. he was "hopeful" the UK could strike a deal with the rest of the EU to preserve the [...]
Labour MPs table bid to thwart Trump state visit because of ‘misogynism and racism’ April 24, 2019 Labour MPs have demanded that Theresa May cancel Donald Trump's upcoming state visit to the UK because of his "misogynism, racism and xenophobia". More than 50 MPs have signed a backbench motion to axe the US president's trip to three-day visit to the UK, which is scheduled for the 3 June, PoliticsHome reported. Trump's visit coincides with [...]
Hiscox profits treble as London market returns to growth February 25, 2019 Insurer Hiscox announced its profits trebled last year as it returned to growth in its London market for the first time in three years. The firm also revealed that it has completed its Brexit preparations and is ready for the UK to leave the EU “even if British politicians are not”. The figures Pre-tax profit was [...]
Labour MPs table bid to thwart Trump state visit because of ‘misogynism and racism’ April 24, 2019 Labour MPs have demanded that Theresa May cancel Donald Trump's upcoming state visit to the UK because of his "misogynism, racism and xenophobia". More than 50 MPs have signed a backbench motion to axe the US president's trip to three-day visit to the UK, which is scheduled for the 3 June, PoliticsHome reported. Trump's visit coincides with [...]
Britain’s Luke Campbell on his world title shot, facing pound-for-pound No1 Vasiliy Lomachenko and rediscovering his happiness August 28, 2019 It was just under two years ago that British boxer Luke Campbell lost his father and then his first world title fight in the space of two weeks. The 31-year-old former Olympic champion pushed through the pain to fight Jorge Linares but would ultimately lose to the Venezuelan by a split decision in California – [...]
City Moves for 29 April 2019 – Who’s switching jobs at Hambro Perks, Cushman & Wakefield and Relendex? April 29, 2019 Today's City Moves includes Hambro Perks, Cushman & Wakefield and Relendex. Hambro Perks The London-based venture firm, Hambro Perks, has announced the appointment of Svenja Grundmann as investment associate. Svenja Grundmann has joined the company to work alongside portfolio manager Jemma Bruton and Richard Tufft, venture partner and co-head, in building out the Access Fund. [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
It’s time to write the next chapter in the City’s story of technological innovation April 15, 2019 When I travel across the globe, there is an issue I get asked about time and time again: what is it about London that makes it such a successful global financial hub? And what is it about the UK that makes us stand out from the crowd? A key part of the answer is innovation. [...]
Lloyds unveils plan to pay retailers offering cashback February 19, 2019 Lloyds Banking Group and Visa are piloting a scheme to pay retailers that offer cashback to customers, amid fears for rural town shops that have been hit by the disappearance of ATMs in recent months. In a bid to increase the number of outlets where people can withdraw their money, Lloyds and Visa have said today [...]
New Lloyd’s boss John Neal apologises for ‘unacceptable’ results as he sets out his vision for the future January 29, 2019 The new chief executive of Lloyd’s of London apologised for the insurance markets’ “unacceptable” performance and unveiled a plan to get it back on track in his first public speech today. John Neal, who joined Lloyd’s four months ago from insurer QBE, took the job against a backdrop of poor results at Lloyd’s which suffered [...]