TfL accepts emergency funding extension until May March 22, 2021 Transport for London (TfL) has this morning agreed to an emergency seven week extension to its current funding deal to keep it going amid the pandemic. The transport network had been hoping to strike a long-term funding agreement with the government to begin fixing its finances, but last week transport secretary Grant Shapps pulled the [...]
LGIM to call for ‘more protections’ for minority investors March 22, 2021 One of the UK’s largest investors is set to call for more protections for minority investors in a submission to the Financial Conduct Authority (FCA) over reforms to the UK’s listings regime. Legal & General Investment Management (LGIM) will call for a range of measures, including making investment banks which run IPOs for companies receive [...]
Apollo chairman Leon Black quits following review into his ties to Jeffrey Epstein March 22, 2021 Leon Black, chairman of Apollo Global Management, has agreed to step down from his post following an independent review of his ties with disgraced financier and convicted sex offender Jeffrey Epstein. New York City-headquartered Apollo Global Management has appointed Jay Clayton, former US Securities and Exchange Commission chief, as non-executive chairman. Black, who co-founded Apollo [...]
Sadiq Khan on course for historic landslide in mayor of London election, new poll shows March 22, 2021 Sadiq Khan is on track for the biggest landslide in mayor of London election history, with new polling showing him with a 25-point lead. The Opinium/Evening Standard poll has the mayor on 53 per cent of the primary vote, which would see Khan win the election in the first round of voting – a feat [...]
City living: Most popular London postcodes for house hunters revealed March 22, 2021 While many Londoners have left the city during the pandemic, seeking better value for money and more outdoor space, the capital’s property market has remained active with buyers still targeting central locations. South London boroughs have been the most popular with buyers since the beginning of the first lockdown, according to the latest research, with [...]
Exclusive: How’s that for a perk? Jefferies buys staff Peloton bikes as lockdown bonus March 22, 2021 Employees at Jefferies, the global investment bank, are set to pedal their way out of lockdown – after the firm gifted staff Peloton bikes as a thank you for their recent work. Analysts and associates received an email from senior staff on Friday. UK staff will be able to select from a Peloton bike – [...]
Revolut submits application for US banking licence March 22, 2021 A year after launching in the US, Revolut has submitted its draft application for a US banking licence as it expands its business account across all 50 states. Revolut secured a Lithuanian banking licence bank in 2018 and announced it had applied for a UK licence earlier this year. Securing both a US and UK [...]
Say what you will about Dominic Cummings, he’s spot on about science funding March 22, 2021 This week saw the return of Dominic Cummings to the public stage as he gave evidence to a parliamentary committee on the launch of his brainchild, ‘ARIA’, the new UK Advanced Research and Invention agency. At least that’s what he was meant to be there for. Inevitably, the focus drifted into a broader discussion of [...]
MPs call for insurers Legal & General and Aviva to cut ties with HSBC over its Hong Kong stance March 22, 2021 A group of British parliamentarians have called for major British insurers Aviva and Legal & General to cut ties with HSBC over its support of Beijing’s democracy crackdown in Hong Kong. The group of 10 MPs and peers wrote to the pair of insurers to say that “investment in HSBC is in direct conflict with [...]
Bulb calls on Treasury to scrap VAT on green products ahead of ‘tax day’ March 22, 2021 Challenger energy brand Bulb has today called on the Treasury to scrap VAT on green products in a bid to encourage more households to “go green”. According to the firm, which now supplies energy to 1.7m households, scrapping the duty on such items could save the average family £5,500. As a result of the UK’s [...]
