New City of London Corporation Finance Committee Chairman elected May 6, 2021 Jamie Ingham Clark has today [6 May] been elected as the new Chairman of the City of London Corporation’s Finance Committee. Jamie, who previously served as Deputy Chairman, will lead the Committee responsible for stewardship of the City Corporation’s funds. The Committee aims to ensure the organisation achieves value for money in all its activities and maintains a [...]
Five things to look for in the ‘super Thursday’ UK elections May 6, 2021 Around 48m people in the UK will be eligible to vote in elections today in what is being dubbed “super Thursday”. This includes Holyrood elections in Scotland, Welsh Senedd elections, Hartlepool’s by-election and mayoral contests in London, Greater Manchester, West Midlands, Tees Valley, Liverpool, West Yorkshire. There will also be more than 100 council elections [...]
Mixed mood among voters as Londoners go to the polls: ‘The City needs to be reborn’ May 6, 2021 Londoners are flocking to polling stations across the capital today to decide on their next mayor. Frontrunner Sadiq Khan said this morning that the election was “going down to the wire” and called it a two-horse race between himself and Conservative candidate Shaun Bailey. In the City, the mood was mixed. Insurance broker Trevor McGarry, [...]
US jobless claims fall to 13-month lows as reopening continues apace May 6, 2021 The fewest Americans applied for unemployment benefits as have done so in 13 months last week, new data from the US Labor Department shows. Initial claims fell from 590,000 to 498,000 in the week ending 1 May, the figures show, below economists’ forecasts. The number was one of several pieces of economic data that suggested [...]
Ex-John Lewis MD to lead Sainsbury’s £7.8bn clothing and homewares unit May 6, 2021 Former John Lewis managing director Paula Nickolds has joined Sainsbury’s to lead the supermarket’s general merchandise and clothing business. Nickolds left John Lewis in January last year, after 25 years with the firm, as the department store chain issued a profit warning. She had been set to become executive director of brand and marketing as [...]
FTSE 100 rises slightly after Bank of England decision May 6, 2021 The FTSE 100 rose slightly this afternoon after the Bank of England monetary policy committee decided to hold interest rates at 0.1 per cent. Across the Atlantic, trading was also stagnant, with Wall Street’s main markets flat at the open. By the early afternoon, London’s premier index was up 0.1 per cent down at 7,047.31, [...]
British gunboats will continue to patrol Jersey as French fishing boats leave May 6, 2021 Two British naval ships will remain off the coast of Jersey and patrol the waters, after a flotilla of 60 French fishing boats ended their protest this afternoon. Two armed Royal Navy boats, the HMS Tamar and HMS Severn, were sent by Boris Johnson last night to patrol waters around Jersey amid a protest by French [...]
Drinking around the world: Take a trip to Lanzarote, wine paradise May 6, 2021 The latest wine region to erupt onto the wine tourism atlas is Lanzarote, with the Canarian island hoping to be among the first destinations to revive European wine tourism. With travel restrictions lifting, a former investment banker and surfing instructor from Guernsey and a former GB Olympic swimming trials finalist from Sunderland want to make [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
FCA CEO: ‘We will not target EU equivalence deal at any cost’ May 6, 2021 The City regulator’s new CEO has said it will not target an EU equivalence deal for the City of London “at any cost”, although he admitted not securing a deal could see consumers offered reduced choice in some financial markets. In a speech delivered to the Association of Foreign Banks today, CEO Nikhil Rathi said [...]
