Britain must cut emissions to zero by mid-century, government told May 2, 2019 Britain should set its sights higher and commit to weaning off greenhouse emissions entirely by the middle of the century, the government has been urged. Business groups today called on ministers to adopt the Committee on Climate Change’s (CCC) proposal to cut emissions to net-zero by 2050. Read more: Extinction Rebellion founder wants to upend [...]
City A.M.’s shadow MPC votes to hold interest rates despite recent sunnier data May 1, 2019 Ongoing Brexit uncertainty means the Bank of England should hold interest rates steady tomorrow, City economists have said, despite the economy recently showing signs of strength. Read more: UK inflation rate holds steady sending Britons' real wages higher The Bank’s monetary policy committee (MPC) will at midday tomorrow announce its latest interest rate decision, along [...]
Lloyds Bank handed capital boost by regulator raising chances of more share buybacks May 1, 2019 Lloyds Bank shareholders could be set for higher dividends and another share buyback programme after the UK regulator loosened its risk buffer. The Bank of England’s Prudential Regulation Authority (PRA) reduced the rate for the “systemic risk buffer” of extra capital the bank needs to hold. Read more: Lloyds Bank to pay £10m to customers [...]
Extinction Rebellion climate change protesters want to destroy the UK’s financial sector May 1, 2019 The founder of Extinction Rebellion has ambitions to upend the UK’s financial system after her organisation targeted the City in two weeks of London protests. Gail Bradbrook wants to provoke a “mass refusal” to pay off loans and mortgages in a bid to throw London’s financial district into disarray following action that saw climate change [...]
Michael Gove meeting ‘disappointing’, says climate protest group Extinction Rebellion April 30, 2019 Climate protest group Extinction Rebellion has said it was left “frustrated” by talks with environment minister Michael Gove today, because he would not declare a climate emergency. Read more: Climate protesters blockade Treasury in action against finance sector Activists said Gove committed to discussions with London mayor Sadiq Khan on holding a citizens assembly on [...]
Go to Venezuela and see the humanitarian crisis, Colombian ambassador urges Maduro’s UK backers April 30, 2019 UK backers of Venezuelan dictator Nicolas Maduro should visit the South American country to see the reality of the devastating economic mismanagement which has forced millions to flee their homes, according to the Colombian ambassador to the UK. Read more: Venezuela's Maduro calls for gold held in Bank of England to be returned In an [...]
Consumer confidence remains steady amid Brexit carry-on, survey shows April 30, 2019 Britons were more positive about the future economic situation in April than they were in March, but are putting off major purchases amid financial and political uncertainty, a new study has today shown. Read more: CBI: UK retailers enjoy rising sales for the first time in five months Meanwhile, fewer people in the UK were positive [...]
City Moves for 30 April 2019 – Who’s switching jobs at Harworth, Oaknorth and Alvarez & Marsal? April 29, 2019 Today's City Moves includes Harworth, Oaknorth and Alvarez & Marsal. Harworth Land and property regenerator Harworth has announced that Ian Ball will be made its first ever chief operating officer on 1 May to support the ongoing growth and evolution of its business. This role will provide additional oversight over the business’ new regional operating [...]
UK fintech sector must not rest on its laurels and should strive to challenge China, LSE boss says April 29, 2019 The UK must not “sit on its laurels” and should have ambitions to challenge China, the London Stock Exchange chief executive told a global fintech summit this afternoon. Nikhil Rathi championed the City as a top fintech hub globally but said the UK environment needed to improve to develop skills and people and encourage innovation. [...]
Climate change protesters to target Bank of England on Thursday with ‘green QE’ demands April 29, 2019 Climate change protesters have announced that they will target the City’s Bank of England on Thursday, with demands that future stimulus bond buying is done with green goals in mind. Read more: Businesses must tackle climate change or 'fail to exist', Carney warns The protests, organised by campaign groups Positive Money and Fossil Free London, will [...]