Is Lloyd’s of London set for sunnier climes? December 18, 2016 MALTA has emerged as one of the possible sites for the European base of Lloyds of London should the UK lose passporting rights after Brexit. The insurance giant wants to establish contingency arrangements should the UK lose the current level of access to the EU’s market for financial services. A spokesperson told City AM last [...]
The year crypto went crazy: what’s next for bitcoin in 2019? December 19, 2018 This was the year the world woke up to cryptocurrencies. When the Bitcoin price bubble burst in December last year, having hit almost $20,000 (£15,886) per coin in value, governments, banks and tech giants alike began to sit up and take notice. The City was faced with a decision: is Bitcoin a vehicle for fraud [...]
Ranked: The banks that have closed the most branches since 2015 – and which regions have been hardest hit June 15, 2018 New analysis has revealed which of banks have shut the most branches since 2015, with NatWest, HSBC and Lloyds Bank reporting the highest number of closures. Some 2,868 UK retail branches will have shut up shop by the end of this year, with 879 bank closures during last year, according to Which? Money research. That [...]
Sky eyes Israel and Europe as it expands startup footprint September 2, 2018 Broadcaster Sky has announced plans to ramp up its startup investment and commercial partnership activity through a series of investments. The company will open a new office in Berlin to focus on companies in Germany and Scandinavia, and invest $4m (£3.1m) into Remagine Ventures, an Israeli venture capital fund based in Tel Aviv. Sky’s group [...]
City office rents propped up in uncertain times by low supply March 15, 2017 Rents in the City's offices are being propped up by low supply, with only three buildings set to be completed in the capital's financial quarter this year. This year 1 Angel Court, 45 Cannon Street and the Scalpel will be finished, and Chris Vydra, City leasing agent for CBRE, said that the dearth of new [...]
London deserves a mayor who believes in the city’s bright entrepreneurial future July 19, 2018 Come March 2019, Britain will have left the EU, but our city will continue to be the most vibrant and dynamic economic urban economy on earth. Londoners deserve a mayor who represents this and protects our position of strength. Unlike Sadiq Khan, he or she can ill-afford to be sucked in to talking down London’s [...]
London deserves a mayor who believes in the city’s bright entrepreneurial future July 19, 2018 Come March 2019, Britain will have left the EU, but our city will continue to be the most vibrant and dynamic economic urban economy on earth. Londoners deserve a mayor who represents this and protects our position of strength. Unlike Sadiq Khan, he or she can ill-afford to be sucked in to talking down London’s [...]
Insurer Hiscox is planning to move its EU HQ to either Luxembourg or Malta February 27, 2017 Hiscox has narrowed down its shortlist for a new EU base to two countries and says Brexit is unlikely to impact the firm strategically. The insurer today announced record annual results, with profits soaring and its retail operations growing to represent half of the firm's business, and the firm also revealed it is eyeing move to Malta [...]
We must turn the page on the public perceptions of finance November 1, 2018 A company needs to stand for something more than making money. Sustainability matters more than profit. The mission should be a lasting contribution to society that finds a balance between all stakeholders. Those aren’t the words of a pious left-wing hand-wringer but of John McFarlane, chairman of Barclays, in an anthology of writing published this week [...]
Profits slump for insurance market Lloyd’s of London despite growth in gross written premiums, as chief executive Inga Beale speaks out about terrorism March 23, 2016 Insurance market Lloyd's of London today announced that its profits had dipped slightly during 2015, although it had increased its gross written premiums. Lloyd's revealed pre-tax profits of £2.1bn, down compared with £3bn the year before, although the company said that it felt its profits remained significant despite a fall in returns on investments and increased [...]