AerCap posts $2bn net loss as jets remain stranded in Russia May 17, 2022 AerCap has posted a $2bn net loss in the first three months of 2022 as more than 100 of its jets remain stranded in Russia following the invasion of Ukraine. The world’s largest aircraft lessor said today that after sanctions were imposed on Moscow by the West, 113 of its jets and 11 engines remained [...]
LV= faces pressure to say whether outgoing chief Mark Hartigan will take payout on exiting firm July 19, 2022 Critics have hit out at mutual insurer LV= over its refusal to say whether it will give outgoing chief executive Mark Hartigan a payout, following his exit from the firm. LV= has so far refused to say whether Hartigan will receive a payout or how much he might take, after the insurer on Monday announced [...]
Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
City Moves: Who’s switching jobs in the Square Mile? October 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Knight Frank has poached a new head of central London property management from real estate advisory JLL. Andrew Child, who spent over 13 years at JLL, will help expand the existing central London property management [...]
FCA gears up for business interruption insurance court battle June 1, 2020 City watchdog the Financial Conduct Authority (FCA) today said it had selected samples of insurance wording for a July case on whether insurers should pay out on business interruption policies for covid-19. The FCA said it has selected 17 examples from business interruption insurance policies used by 16 insurers who have entered into a framework [...]
Future shares surge after Marie Claire publisher commits to further cash returns May 16, 2024 Future, the media publisher responsible for outlets like Country Life, Marie Claire and T3, suffered from a fall in revenue, operating profit and earnings per share in its latest earnings statement.
Moving markets today: What’s shaping the FTSE 100 this morning January 22, 2024 Japan's Nikkei hits a 34-year high, while China keeps lending rates steady. Earnings and central bank policy decisions are set to drive global stocks this week.
Govt sets up two-phase approach to make City ‘most competitive place for financial services’ September 22, 2022 The UK Government has set-up a two-phase approach for the City of London in a bid to make the capital “the most competitive place for financial services in the world.” Chancellor Kwasi Kwarteng will unveil an initial set of reforms in his fiscal statement tomorrow, while presenting a more comprehensive package later this autumn. Government [...]
777 Partners takeover of Everton in further doubt after firm hit with legal action May 6, 2024 A prospective takeover of Everton has been plunged into further doubt by legal action from the former owners of Standard Liege. The American private equity firm could lose all of its assets in Belgium as a result. Former owner Bruno Venanzi and the shareholders of Standard’s stadium allege that they have not received the second [...]