New lockdown measures are a balance between ‘protecting lives and livelihoods’ says government minister December 21, 2021 Cabinet minister Steve Barclay, told BBC Breakfast this morning, "there is a balance to be struck between protecting lives and livelihoods", after Boris Johnson refused from confirm any new measures yesterday evening, but said “we will rule nothing out”.
Activist investor Bramson muscles in on Navient after Barclays defeat December 20, 2021 Sherborne Investors, the fund led by activist investor Edward Bramson, has muscled in on Navient and built a stake of around 16 per cent in the US-based student loan management company, it said today. Seven months after the fund admitted defeat in its three-year campaign on Barclays, in which it pressured the lender to oust [...]
Millions of homeowners will see mortgage rate rises as ‘softer’ house price growth forecast December 16, 2021 Major banks have hiked mortgage interest rates in response to the Bank of England hiking rates 0.15 percentage points to 0.25 per cent. Banks raised rates following the decision on Thursday, meaning millions of households will pay heftier monthly mortgage repayments. Barclays, Halifax, Lloyds Bank, NatWest, Nationwide and Santander will pass on the increase to [...]
FTSE: Lloyds, Barclays and Natwest shares surge on Bank of England surprise interest rate hike December 16, 2021 London markets are up around one per cent this lunchtime after a surprise interest rate hike from the Bank of England saw Lloyds Bank, Barclays and Natwest shares take off. The capital’s premier FTSE 100 index was still up 0.99 per cent after the rates call from Threadneedle Street, while the mid-cap FTSE 250 index, [...]
London’s Signal AI raises $50m to hire UK talent and ramp up international expansion December 15, 2021 Signal AI, a British startup that is trying to solve the “information overload” faced by business decision makers with its artificial intelligence and machine learning technology, has today closed a $50m Series D funding round. Its latest round was led by growth-stage investors Highland Europe, who have previously backed ContentSquare and Matches Fashion, and brings [...]
Hedge funds to end 2021 with positive inflows for the first time since 2018 December 15, 2021 Global hedge funds are poised to achieve positive inflows for the first time in three years, thanks to strong returns and an investor shift to alternative assets during a period of volatility and rising inflation.
Saracens’ European game with Pau off due to positive Covid-19 tests December 15, 2021 Saracens’ upcoming European Challenge Cup game against French side Pau has been called off due to a series of positive cases in the London club’s camp. Saracens, recently promoted back to the Premiership, were huge favourites for this competition before it began last weekend. In a statement, Saracens said: “Saracens can confirm that the club [...]
Barclays to pump record £30m into WSL and women’s UK sport December 15, 2021 Banking giant Barclays are set to double their investment in Women’s football as they extend their sponsorship deal to include the Women’s Championship. The deal will begin from the 2022-23 season and run through to 2025, and will see Barclays pump £30m into the women’s game. Sasha Wiggins, Barclays Group head of public policy and [...]
City Moves: Who’s switching jobs in the Square Mile today? December 9, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.