Legal & General confident in long-term goals despite 2020 profit dip March 10, 2021 Legal & General today reported a drop in full year profits but the firm said it remained on course to meet its five-year ambitions. The London-based asset manager said operating profit fell three per cent to £2.2bn, while pre-tax profit was down 12 per cent to £1.6bn. The company said the drop reflected the impact [...]
Money mule criminals increasingly target cash-strapped youth during Covid lockdown, report finds March 10, 2021 Money mule criminals use fake online job adverts to target cash strapped youngsters
HSBC launches £15bn lending fund for British SMEs March 10, 2021 HSBC has today launched a new £15bn fund to help UK SMEs through the economic recovery. The fund, which includes over £10bn of regionally focussed allocations, seeks to move away from the “traditional” London focus and drive growth in regions across the country. “The past 12 months have highlighted the challenges many small businesses face. [...]
Euros football tournament could mark post-Covid ‘London renaissance’, says minister March 9, 2021 Euros football tournament could mark post-Covid 'London renaissance', says minister
City office floorspace surges as developers back the Square Mile’s future March 9, 2021 | City Talk The City of London Corporation has today (9 March) revealed that, so far this year, it has given planning consent for the equivalent of almost 80% of the total office floorspace it approved for the whole of last year; demonstrating the City office market remains resilient despite new ways of working being adopted throughout the coronavirus pandemic. The City [...]
Covid court backlogs leave victims waiting years for justice, watchdog warns March 9, 2021 Court dates pushed back to 2023 are having “major consequences for victims and witnesses”, a prosecution watchdog has found, as backlogs due the pandemic continue. Delays exacerbated by restrictions have impacted people’s ability to recall events and could lead to less people willing to provide evidence, sparking concern over a “major risk for public confidence”, [...]
BP to keep partial work-from-home policy as oil major seeks to cut office costs March 8, 2021 BP plans to extend remote working as a further cost saving measure affecting 25,000 staff
International Women’s Day: London gives green light to traffic-light women March 8, 2021 Londoners out and about today may notice something different about the capital’s traffic light men — they’ve been transformed into women. New ‘green woman’ pedestrian signals have been installed at more than 20 locations across the city, including Exhibition Road in South Kensington and high streets such as Clapham and Tottenham. The redesign has been [...]
Trustpilot aims for £1bn valuation in upcoming London IPO March 8, 2021 Consumer review service Trustpilot is aiming to bag a £1bn listing when it lists its shares in London later this month, after it secured $240m through the initial public offering. The Danish company confirmed its intention to float on the London Stock Exchange earlier this month, following $240m commitments from investors including Fidelity, Adelphi, BlackRock and [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]