Jardine Lloyd Thompson Hong Kong chief executive to retire February 22, 2019 The chief executive of British insurance firm Jardine Lloyd Thompson’s Hong Kong business will step down this year. The company, which is headquartered in London, confirmed today that Kurt Schreiber will retire in July. Read more: Jardine Matheson briefly loses $41bn in value following mystery trade Schreiber took on the chief executive role in Hong [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
The City ‘must change everything’ to improve gender diversity, says L&G personal investing boss Helena Morrissey April 7, 2019 The Square Mile must overhaul its entire structure in order to achieve gender diversity, according to City heavyweight Helena Morrissey. Morrissey, head of personal investing at Legal & General (L&G), said that change is happening too slowly, and called for all processes from recruitment to performance measurement to be challenged to boost diversity. Read more: [...]
Tech will disrupt the City more than Brexit May 2, 2019 The City’s roof gardens may be opening up for the summer but the fog of Brexit still hangs over the Square Mile. Businesses have been unequivocal about the consequences of uncertainty but the policy debate rages on, while political manoeuvring (or even the lack of it) tests the collective patience of the nation. You’d be [...]
Profits grow at recruitment consultant Robert Walters in a ‘solid’ first quarter April 15, 2019 Recruiter Robert Walters started the year solidly, growing gross profit by 11 per cent in the first quarter, it said this morning. The global consultant relied on strong growth in Asia to help push up overall figures, increasing gross profit, or net fee income, 12 per cent to £36.4m. In Japan, mainland China, the Philippines, [...]
City Moves for 21 March – who’s switching jobs at Orchard Street, Dechert and Lloyds Bank? March 21, 2019 Who’s on the move today? Orchard Street Investment Management Orchard Street Investment Management, the specialist commercial property investment manager, has appointed Dawn Marie La Monica head of compliance and risk. She will be responsible for ensuring compliance with the relevant regulations and laws impacting the firm, guiding the shape of corporate governance and culture, and [...]
Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms March 11, 2019 Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures. Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country. Read more: Digital bank Monzo in discussion with Post Office over cash [...]
Lloyd’s of London cyber risk report: 97 per cent of UK businesses have experienced a data breach in the last five years September 19, 2016 UK firms have fared worse than companies in other major European economies on the cyber security front in recent years. According to new data from Lloyd's of London, 97 per cent of UK firms have experienced a data breach in the last five years, against an average of 92 per cent of firms across Europe. Firms [...]
Lloyd’s of London’s chairman says business will leave the City if it doesn’t get passporting rights post-Brexit September 5, 2016 London's status as a global insurance leader is at risk in the wake of the Brexit vote, according to Lloyd's of London boss John Nelson. Nelson, chairman of the specialist insurance market, told the BBC's Today programme this morning that the company will have to move business out of the City if it is not given guarantees [...]
Lloyds Bank suffers IT outage as customers struggle to send and receive money January 18, 2019 Thousands of Lloyds Bank customers were unable to make payments this afternoon after the bank experienced an IT outage. Customers complained of difficulties transferring money from their accounts due to issues related to the lender's Faster Payments system, which allows customers to send and receive payments by internet or phone. "We are aware that some customers [...]