FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
Bank of England makes ‘substantial amendments’ to proposed banking overhaul September 12, 2024 "The bottom line is that we have made substantial amendments to our proposals in response to consultation feedback and evidence," Phil Evans, director of prudential policy, said in a speech published on Thursday.
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?
In defence of political donors September 12, 2024 Labour’s cronyism scandal has rightly led to calls for greater transparency around donors but let’s not throw the baby out with the bathwater. If anything, we need more private money in politics, says Henry Newman Politics is sometimes called show business for ugly people. Aesthetics isn’t the only supposed difference between Westminster and Tinseltown. British [...]
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.
Boohoo makes major US change in bid to broaden appeal September 11, 2024 Boohoo has announced significant changes to its operations in the US market as it looks to broaden its product offering across the Atlantic. The Manchester-headquartered group will stop supplying US customers from its distribution centre in Pennsylvania, as the company’s management look at ways to drive a more sustainable and profitable business. Orders will instead [...]
The Notebook: Is Wapping the best place in London? September 11, 2024 With its cobbled streets, unspoiled apartment blocks and tall warehouse conversions with painted shutters, Wapping is a vision of a Victorian past.
Bordeaux month: Here are the best clarets to celebrate September 10, 2024 September has been named Bordeaux month – it seems every grape has its own international wine day so why not dedicate an entire month to one of the most renowned and beloved wine regions in the world. Here’s what you need to know when selecting a bottle of Bordeaux red. Firstly, French wine is often [...]
Lloyds, Barclays and Natwest could weather Labour tax raid, analysts say September 10, 2024 Lloyds, Barclays and Natwest would see their 2024 profits fall by “low single digits” if the Labour government decides to raise taxes on banks in October’s Budget, according to Bloomberg Intelligence. Bloomberg analysts said Lloyds Banking Group and Natwest would likely offset the hit to their profits by repricing their loans, while they did not [...]
The Amalfi Coast is at its best in October – here’s why September 9, 2024 Mention Amalfi, and most imagine a sun-drenched romantic road trip along Italy’s famed coast, meandering through rustic towns draped in bougainvillea and cascading down mountainous cliffs towards a shimmering blue sea. A UNESCO world heritage landscape, the 34 mile stretch on Italy’s southern coast has inspired artists and writers whose creativity is fuelled by a [...]