HSBC and Barclays throw weight behind green finance projects November 6, 2017 HSBC and Barclays added their weight to the growing area of green finance today, with separate commitments to environmentally friendly schemes. HSBC today said it will provide $100bn in sustainable financing and investment by 2025, with support for “clean energy and lower-carbon technologies”. Unveiling a series of measures on the environment, HSBC announced it will [...]
FTSE 100 hits another record closing high as commodity prices rise November 6, 2017 A meagre gain of less than two points today was enough for the FTSE 100 to post its second consecutive record close, in spite of a stronger pound. London’s benchmark index closed at 7,562.28 points, a 0.03 per cent gain from Friday’s close. Oil companies and miners were among the leading performers as commodity prices [...]
“Strong case” for London Stock Exchange to win Saudi Aramco float says 10 Downing Street November 6, 2017 The London Stock Exchange (LSE) has a “strong case” for attracting the mega-float of part of state-backed oil giant Saudi Aramco, 10 Downing Street said today. A spokesperson for the Prime Minister said: “Obviously there are lots of big stock exchanges which have an interest in Aramco, including the London Stock Exchange, which we believe [...]
Former Lloyds head was aware HBOS could be nationalised but denies government pressured for a takeover November 6, 2017 Lloyds TSB’s former chief executive Eric Daniels took to the witness stand to deny that the bank had been pressured to take over HBOS at the height of the financial crisis. Daniels is the most senior executive to take to the witness stand, in an ongoing £550m trial which has seen around 6,000 shareholders attempt [...]
Facebook makes fintech move with UK launch of p2p payments via Messenger feature November 6, 2017 Facebook is making its first foray into finance in the UK with the launch of a new feature which lets users send and receive payments via Messenger. Cash can be transferred with just a message and users can even add emojis and gifs. Facebook’s artificial intelligence powered virtual assistant for Messenger, called M, will also [...]
Chelsea technical director Michael Emenalo resigns in surprise move November 6, 2017 Chelsea technical director Michael Emenalo has stepped down from his position in a surprise move after 10 years with the Premier League club. Emenalo grew in stature to become one of the most influential figures at Stamford Bridge and a part of Blues owner Roman Abramovich’s inner circle, having originally joined Chelsea as a coach [...]
London mayor confident Crossrail 2’s revised funding plans will get government backing November 6, 2017 London’s mayor said today he was “quietly confident” that revised funding plans for Crossrail 2 will be green lit, despite the “onerous” challenge set by government for the capital to meet half the cost during construction. The Crossrail 2 team has submitted its revised funding proposals to meet the government’s request that London meet half [...]
London mayor Sadiq Khan says wider pedestrianisation could be on the cards for the capital after Oxford Street goes traffic-free November 6, 2017 London mayor Sadiq Khan today indicated that turning the capital’s famous shopping hub Oxford Street traffic-free could lead to wider pedestrianisation across the capital. It was announced today that the first part of Oxford Street’s revamp will be delivered by the end of next year, subject to public consultation. Read more: It’s happening: Oxford Street [...]
US commerce secretary Wilbur Ross tells UK to become America’s number one trading partner November 6, 2017 The US could become the UK’s “number one trading partner worldwide” after Brexit – if we ditch “protectionist” policies and the EU’s approach to standards and regulations, Wilbur Ross has said. Speaking at the annual CBI conference this afternoon, the commerce secretary said under President Trump the US was seeking a trade policy that was [...]
Lord Mayor of London returns painting stolen by the Nazis November 6, 2017 The Lord Mayor of London has today handed back a painting stolen by the Nazis to its rightful owner. The Oyster Meal, by Dutch painter Jacob Ochtervelt, was given to the City of London Corporation by Land Securities founder Harold Samuel. Read more: This Picasso masterpiece sold for $45m last night The painting was one [...]