City of London Corporation launches UK-China green finance centre March 26, 2018 The City of London Corporation will today announce the launch of a new green finance centre in China as part of its efforts to make London the go-to location for environmentally friendly fundraising. Charles Bowman, City of London lord mayor, today met the head of the China Green Finance Committee, Ma Jun, in Beijing where [...]
Jeremy Corbyn-supporting Jewish Voice for Labour is planning an anti-anti-Semitism rally March 26, 2018 Jeremy Corbyn's supporters are organising a rally to counter the protest against the party leader's apparent toleration of anti-Semitism. The original protest, organised by the Board of Deputies of British Jews and the Jewish Leadership Council, is scheduled to begin outside parliament at 5:30pm today. However, the Jewish Voice for Labour is organising a rally [...]
Royal Mail increases price of first and second-class stamps by 2p each March 26, 2018 The price of postage stamps has been increased, as of today. A 2p rise has come into effect on first and second-class stamps, making them 67p and 58p respectively. Royal Mail said that the increase was necessary to maintain the universal postal service. The rise in the price of stamps has outstripped inflation. If the [...]
London remains on top of the world for global financial services says major report March 26, 2018 London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today. The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd [...]
Deutsche Bank has confirmed the €2bn IPO of its asset management arm March 26, 2018 Shares in Deutsche Bank edged higher this morning after it confirmed it will float a minority stake in DWS, its massive asset management arm, next month. It is thought the lender will list a 25 per cent stake in DWS, which has €700bn (£614bn) under management, in two weeks’ time. Deutsche is expected to raise [...]
Online prescription service Pharmacy2U gains £40m private equity investment March 25, 2018 Britain’s biggest online pharmacy has raised £40m from investors including G Square Capital and the BGF. Pharmacy2U will use the money to fund the growth of its online repeat prescription service, as it tries to bring the same online disruption which has shaken the retail industry to the pharmacy sector. Former Boots manager Ted Smith [...]
RSA chief executive Stephen Hester pockets nearly £5m after strong 2017 for the insurer March 25, 2018 The chief executive of RSA Stephen Hester will take home nearly £5m after a strong 2017 for the insurer which saw it achieve a record underwriting profit of £394m. On top of his salary of £987,000, the former Royal Bank of Scotland (RBS) boss received a £1m bonus, £2.6m as part of a long-term incentive [...]
Shell could take on Big Six under own brand March 25, 2018 Energy giant Shell could move to take on the “Big Six” domestic energy suppliers in the UK under its own brand. The company confirmed that using the “Shell” brand for its new domestic supply operations was one of the options currently being examined. Shell acquired residential energy supplier First Utility last month in a deal [...]
#DeleteFacebook: How can the social media giant bounce back? March 23, 2018 THE HASHTAG WAS popularised by Twitter. Now it is being used to criticise the company that owns Twitter, on Twitter. #DeleteFacebook is only the latest proof that the social media giant is in trouble. Fake news, falling stock, glaring data breaches. A 9% drop off Facebook’s shares. Mark Zuckerberg’s world-beating platform is in the [...]
Carillion collapse puts hundreds of jobs at risk as first major supply-chain firm faces administration March 23, 2018 Hundreds of jobs have been put at risk after a Carillion supplier today prepared to call in administrators. Vaughan Engineering, a family-owned company founded in 1955, is set to be Carillion's first major supply chain casualty. Some 160 staff across Vaughan's Edinburgh, Warrington and Newcastle offices are facing redundancy. The firm employs around 500 people [...]