Royal London insurance moves head office to EightyFen in heart of the City August 19, 2021 Mutual life insurance company Royal London has this morning announced it has taken up 55,000 sq ft of office space at 80 Fenchurch Street for its new headquarters in the City. The largest mutual life insurance company in the UK, with assets under management of £153bn, will enjoy panoramic views across London from the top [...]
Goldman Sachs doubles managed assets to over $600bn with latest deal August 19, 2021 Goldman Sachs is set to buy Dutch insurance group NN’s asset management division for some €1.7bn – the Wall Street giant’s biggest acquisition since 2018. The deal for asset management arm NN Investment Partners (NNIP) forms part of Goldman Sachs boss David Solomon’s strategy to make the bank’s revenues less reliant on global markets and [...]
Lloyds eyes 50,000 homes in push to become UK’s largest landlord August 19, 2021 Lloyds Banking Group is eyeing up buying 50,000 homes in the next decade to let out to renters as it pushes to become one of the UK’s largest landlords, according to reports. Reports in the Financial Times say Lloyds has launched the Citra Living brand in a bid to move into the private rental market. [...]
Collapsing oil prices sends FTSE 100 plummeting – CityAM : CityAM August 19, 2021 A collapse in oil prices today sent shares in industrials and mining companies plummeting, dragging London’s FTSE 100 down over 1.5 per cent. The capital’s premier index slid to 7,059.58 points in the first hour of trading. Also Read: Lloyds eyes 50,000 homes in push to become UK’s largest landlord International benchmarks WTI and Brent [...]
Rank Group revenues cut in half as Covid restrictions halt Mecca Bingo income August 19, 2021 Mecca Bingo operator Rank Group has had its income slashed in half over the last year as Covid restrictions buttressed the company’s revenues. The company said income plummeted 48 per cent to £329.6m over the year to June 30. Restrictions on social and face-to-face contact throughout much of the last year to curb the spread [...]
Sir James Dyson: Next generation will suffer if workers do not return to offices August 19, 2021 Sir James Dyson has called on the government to take the “less popular decision” and send workers back to the office. The order to work from home wherever possible was lifted on 19 July, but since then numbers returning to offices has stagnated. Dyson believes the “chances of the next generation will suffer” if a [...]
DP World profits surge as it earmarks $1.2bn for global investments August 19, 2021 Logistics giant DP World has seen its profits surge in the past six months, as it earmarks $1.2bn worth of capital expenditure for the rest of the year – with a portion going to the UK’s London Gateway and P&O Ferries. Revenue hit $4.94bn in the six months to 30 June, up 21.3 per cent [...]
The World Health Organisation’s war on vaping is a lesson in terrible risk management August 19, 2021 Pfizer has been having problems with its stop-smoking drug varenicline, known as Chantix in the USA and as Champix in the UK. It has had to recall batches of the drug because it contains quantities of a carcinogen that exceed the Food and Drink Administration’s safe level. The FDA isn’t enforcing the recall, however. Instead, [...]
Bridgestone Tyres: A tale of two Olympic Games August 19, 2021 Thanks to Covid-19, the recently-concluded Tokyo Olympics was always going to be a unique Games:from the complete lack of in-person spectators, to the cardboard beds (allegedly, but not actually)designed to stop athletes from getting too friendly in between events. But with peak viewing figures lower than half of those for Rio 2016 among the BBC [...]
IMF chokes off money earmarked for Afghanistan August 19, 2021 Money bound for Afghanistan has been choked off by the International Monetary Fund as the West pushes to prevent financial resources from reaching the Taliban. £268m was due to be sent to the country by the IMF on Monday. However, the organisation announced today it has suspended sending money to the country due to a [...]
