IPO: London commodities dealer Marex looks to float on LSE in £500m move May 14, 2021 London commodities dealer Marex looks to float on LSE in £500m move
Brexit transfers: Barclays, Goldman Sachs and Morgan Stanley move senior City dealmakers to the EU May 14, 2021 Investment giants Morgan Stanley, Goldman Sachs and Barclays have started to move a range of senior bankers from their offices in Canary Wharf and the City to financial hubs across the EU. Ongoing uncertainty over the UK’s access to the EU’s financial services market, combined with pandemic damage and pressure from local regulators, has led [...]
Square Mile policing priorities set out May 13, 2021 | City Talk Speaking at the Court of Common Council today, City of London Police Authority Board (PAB) Chair, James Thomson, set out its policing priorities for the City of London Police (CoLP). He said: “Our vision for the City is to make it the safest business district in the world, and for the City of London Police [...]
City lobby pays off: New finserv compensation pot for consumers slashed by more than £200m May 13, 2021 The amount of money banks and other financial institutions will have to pay into an insurance pot to protect customers should one of them fail has been slashed from an earlier estimate, after they protested about the high levels. The Financial Services Compensation Scheme (FSCS) reduced the total levy by £206m from its January forecast. [...]
London Covid test capacity spikes half a million a month as Prenetics boosts capacity May 13, 2021 Rapid test developer and manufacturer Prenetics has bolstered its London lab network ahead of its partnership with Virgin Atlantic where it will supply passengers with Covid-19 testing. With demand for rapid testing expected to soar in demand now that foreign travel will be allowed from 17 May and online booking platforms reporting a surge in interest for Vitamin D-doused destinations, the [...]
Government calls Sage meeting to discuss threat to UK of India’s Covid-19 variant May 13, 2021 Government calls Sage meeting to discuss threat to UK of India's Covid-19 variant
Hipgnosis bags rock catalogue with Nirvana and Paul McCartney hits May 13, 2021 Music royalties fund Hipgnosis has bought the full rights to producer and mixer Andy Wallace’s catalogue today, which hosts rock icons from Paul McCartney to Nirvana. The London-listed firm has recently gone on a song spree, buying both Dua Lipa and Justin Bieber’s back catalogue just last week. “Andy has shaped the sound of great [...]
75 per cent of nightlife venues face bankruptcy when rent moratorium ends May 13, 2021 There is a £2.5bn pandemic-induced rent crisis brewing in the nightlife industry, according to the Night Time Industries Association (NTIA), which has urged the government today to offer a solution. Rising rent arrears threatens to bankrupt 75 per cent of commercial tenants in the sector, once the government’s rent moratorium ends in July, the nightclubs, [...]
UK’s 12-week vaccine delay could have saved lives, study says May 13, 2021 The UK’s 12-week delay between first and second vaccine doses could have saved more lives, according to a US study published in the British Medical Journal, suggesting other countries strapped for jabs could adopt the strategy. The second shots of the Pfizer, Moderna and Oxford/AstraZeneca vaccines are designed to be given three to four weeks [...]
Booking.com CEO: Business travel will never recover to pre-Covid levels May 13, 2021 The lucrative business travel market, which sees suited and booted executives fly between London, New York, Frankfurt and beyond and bolsters bottom lines at airlines and hotels globally, will never fully recover from Covid.