Hiscox trumps profit forecasts but warns of profit hit from natural disasters July 12, 2019 A spate of natural disasters battered insurance giant Hiscox over the last year, with the insurer’s share price sliding five per cent this morning as it warned of a deteriorating market. The London-listed group’s share price fell five per cent to 1,653p in early morning trading, as investors digested the group’s warning that global catastrophes [...]
City Moves for 11 July – Who’s switching jobs? July 11, 2019 Today’s City Moves includes Norton Rose Fulbright, BDO and Historic Royal Palaces. Norton Rose Fulbright Global law firm Norton Rose Fulbright is to launch a legal operations consulting practice led by Stephanie Hamon, formerly of Barclays. The practice will launch in August and will provide management and operational advice to in-house legal teams at major [...]
Day in the Life: Ironman world champion Ruth Purbrook on juggling training with a job in the City July 10, 2019 I first got into triathlon in 2013 when I was doing a graduate placement in Lloyds’s charity team. At the time I was training for the Berlin Marathon and was slightly bored of just running, so I jumped at the opportunity of a charity place in the London Triathlon. It all spiralled from there. I [...]
Former Metropolitan Police chiefs blame Theresa May for ’emasculating’ forces and leaving Britain in fear July 6, 2019 Five former heads of Scotland Yard have penned a letter to Theresa May blaming her for the “emasculation of British policing”. The former police commissioners said May was responsible for leaving the public in fear, that resources had been “drained to dangerously low levels” and victims had “perilously low expectations”. Read more: Police evacuate Lloyd’s [...]
Police evacuate Lloyd’s of London offices due to gas leak July 2, 2019 City workers were evacuated from offices including Lloyd’s of London today after a gas leak in London’s financial district. The City of London Police issued an alert urging people to avoid the area and blocked off two roads due to the ruptured gas main on Lime Street. “There is currently a cordon in place affecting [...]
Data breach could be ‘fatal’ for Open Banking sector, treasury committee chair Nicky Morgan warns June 18, 2019 A single data breach at an Open Banking startup could “fatally” damage the developing sector, Nicky Morgan, the chair of the treasury committee, warned today. Open Banking, which allows users to view all their financial information in one place, relies on customers providing their data to a third party. Read more: Are Britain’s banks closed-minded [...]
Sainsbury’s Bank outage: Customers locked out of online banking June 18, 2019 A Sainsbury’s Bank outage spurred customers to take to Twitter today to complain they could not access their accounts online. Read more: The UK banks with the most IT outages Neither the supermarket’s new app nor online banking service wereworking for customers, with Down Detector reporting dozens of complaints this morning. An outage map showed [...]
City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
London Metal Exchange introduces alcohol ban on trading floor June 14, 2019 The London Metal Exchange (LME) has introduced an alcohol ban on its trading floor in the latest move to overhaul its workplace culture. Staff working on the trading floor, or the “Ring”, will be banned from being under the influence of alcohol while at work. Traders set global prices for metals at the 142-year-old exchange. [...]
City Moves for 13 June – Who’s switching jobs? June 12, 2019 Today’s City Moves includes Firstport, Deloitte and EY. Firstport Residential property management company Firstport has appointed Heather Payne as chief technology officer. She will be responsible for Firstport’s digital transformation programme. Heather has spent her whole career successfully delivering digital transformation across multiple sectors. She was previously chief technology officer at Avon Cosmetics responsible for [...]