Burford Capital gets green light for dual listing in New York September 14, 2020 Aim-listed Burford Capital has received approval from the New York Stock Exchange for a dual listing of its shares. The litigation funder, which listed on London’s Aim exchange in 2009, said it had received approval “subject to customary listing condition”. Burford Capital announced plans to list in the US in July shortly after a renewed [...]
Capital markets should play a part in the post-Covid recovery, says think tank September 11, 2020 Capital markets have and will continue to play an integral role in supporting Europe’s economic recovery, according to think tank New Financial. It has today published a report on how banks and capital markets can play a part in the response to the coronavirus crisis. New Financial argues that while banks and capital markets were [...]
Microsoft: Russian hackers target US election again September 10, 2020 Hackers linked to Russia, China and Iran are attempting to spy on people tied to both President Donald Trump and Democratic nominee Joe Biden, Microsoft has said. The tech firm has said that both presidential campaigns are at risk from hackers as the Russian group which hacked the 2016 Democratic campaign is again involved in [...]
City of London Corporation urges firms to return to the office September 10, 2020 The City of London Corporation has called on businesses to start bringing employees back to the Square Mile. Speaking at the Court of Common Council, policy chair Catherine McGuinness said that any return to the office for City workers must be in line with government guidance. “We know that the workforce in the Square Mile [...]
FCA defers bonuses until the publication of report into collapse of LCF September 10, 2020 The City watchdog has delayed its annual bonuses for top officials pending a report into how it handled the collapse of London Capital & Finance investment fund. In its annual report published today, the Financial Conduct Authority said: “This investigation is ongoing and, as a result, the Remuneration Committee has decided that performance bonuses awarded [...]
Mainland Portugal added to England’s quarantine list September 10, 2020 Portugal has been added to England’s quarantine list after a consistent rise in new cases, transport secretary Grant Shapps has confirmed. From four o’clock on Saturday morning, travellers from mainland Portugal, Hungary, French Polynesia and Reunion will have to self-isolate for 14 days. In a tweet Shapps said: “Data shows we need to remove PORTUGAL [...]
The Savoy prepares to reopen its doors later this month September 10, 2020 Iconic London landmark the Savoy will reopen its doors from 24 September in the latest sign that life is starting to return to the capital. The luxury hotel based on the Strand has announced a phased approach to reopening, announcing the Savoy Grill will be open from 21 September. From 24 September the Thames Foyer [...]
Citigroup names Jane Fraser as next chief executive September 10, 2020 Citigroup has become the first major Wall Street bank to be run by a woman, as it announced president Jane Fraser will take over as chief executive. Citi today revealed that chief executive Michael Corbat will step down next February, after 37 years with the bank, and will be replaced by Fraser. “Of course, there [...]
Weekly US jobless claims reach 884,000 as layoffs persist September 10, 2020 The number of people filing for unemployment benefits in the US is continuing to rise, according to new data from the US Labor Department. Last week there were 884,000 initial claims, unchanged from the previous week’s revised level. Last week, the number of claims fell to the lowest level since the coronavirus pandemic began, although [...]
London house prices stabilise as buyers take advantage of stamp duty holiday September 10, 2020 London’s housing market has stabilised with activity continuing to rise, as buyers take advantage of the stamp duty holiday. The August Rics residential survey found 28 per cent of respondents noted an increase in buyer interest across the capital. Buyer enquiries continued to rise while the number of new properties listed for sale also increased. [...]
