London Bridge attack: City to pay tribute to victims December 1, 2019 The City of London will pay tribute to the victims of the London Bridge terror attack tomorrow morning. A book of condolence will be opened at Guildhall Art Gallery tomorrow for people to express their sympathies while a vigil will also be held in Guildhall Yard at 11.00am. Mayor of London Sadiq Khan will join [...]
Hiscox in line for FTSE 100 relegation December 1, 2019 Hiscox is in danger of dropping out of the FTSE 100 later this week following a spate of weather catastrophes that have dented the insurer’s balance sheet. The blue-chip insurance giant looks set to lose its membership on Wednesday, with Easyjet expected to fill its spot on the back of lower costs and higher capacity. [...]
Zopa nears deal to secure £130m cash injection December 1, 2019 Zopa is reportedly on the cusp of agreeing a £130m cash injection that will help the peer-to-peer lending giant meet regulatory capital requirements. The fintech firm is in advanced talks to secure a major lifeline with an entity connected to US-based private investment firm IAG Capital Partners and its UK arm Silverstripe. Over the weekend [...]
Napoleonic cellars and Peaky Blinders: How the old merchants of St James’s Street are fighting to stay relevant November 28, 2019 Reserved, polite and unashamedly old-fashioned, the shop-owners of St James’s Street do not offer many similarities with the brash retail bosses we so often see in the news. Unlike Mike Ashley or Sir Philip Green, they are not waging takeover wars or stirring up corporate controversies. They are cautious in their ambitions, and conservative in their tastes. But just [...]
Ranked: Top 10 retail banks for customer experience November 28, 2019 First Direct has won the crown for delivering the best retail banking customer experience, according to a comprehensive new study released this morning. The telephone and internet-based retail bank has seen off competition from the likes of Barclays, the Co-operative Bank and Royal Bank of Scotland (RBS) to claim the top spot. Read more: Lloyds [...]
UK mega-poll: Conservatives on course for 68-seat majority November 27, 2019 Boris Johnson’s Conservative party is on course to secure a thumping victory in next month’s election, according to a highly-anticipated poll published this evening. Were the election held tomorrow, the Prime Minister would defeat Jeremy Corbyn’s Labour Party in dramatic fashion, returning to Downing Street on 12 December with a 68-seat majority. A comprehensive seat-by-seat poll by [...]
RBS launches digital bank Bo in bid to rival fintechs November 27, 2019 Royal Bank of Scotland (RBS) has officially launched its digital bank as it looks to rival a group of fast-growing fintechs and hoover up more online customers. The state-backed lender has created Bó, its new digital, cloud-based bank featuring a bright yellow Visa card and a mobile app. Read more: LSE hires fintech to widen [...]
Ursula von der Leyen pledges action on artificial intelligence during first 100 days in office November 27, 2019 The European Commission’s incoming President Ursula von der Leyen has called for the EU to draw up rules to regulate the use of artificial intelligence during her first 100 days in charge. The German politician and her commission were coronated in the European Parliament today, winning 461 MEP votes in favour compared to 157 against. [...]
Extinction Rebellion launches plan for ‘Twelve Days of Crisis’ November 26, 2019 Extinction Rebellion is gearing up for seasonal disruptive action that it has dubbed “Twelve Days of Crisis”. The climate action group’s latest plan is set to start on November 30 with a “Paint the Streets” event, before the 12-day demonstration begins at the start of next month. The protesters are expected to target headquarters of [...]
Goldman Sachs takes bullish stance on the future of domestic UK stocks November 26, 2019 Global banking giant Goldman Sachs is advising its clients to snap up a stake in British firms, taking a bullish stance on the future of UK stocks. Buoyed by expectations of less Brexit uncertainty and blockbuster spending promises from both the major political parties, the US investment bank has recommended a long position on UK [...]
