Ranked: The banks that have closed the most branches since 2015 – and which regions have been hardest hit June 15, 2018 New analysis has revealed which of banks have shut the most branches since 2015, with NatWest, HSBC and Lloyds Bank reporting the highest number of closures. Some 2,868 UK retail branches will have shut up shop by the end of this year, with 879 bank closures during last year, according to Which? Money research. That [...]
Anyone for England? The World Cup and business stardom are both games of luck June 13, 2018 The 2018 World Cup in Russia kicks off tomorrow. This time, at least, there is little feeling that our boys will emerge victorious. And yet. There is a great deal more randomness in the outcome of soccer games than is generally appreciated. Read more: Allez le Bleus! Lloyd’s of London tips France for world cup [...]
Lloyd’s of London is launching a global insurtech sandbox in the name of reinvention June 12, 2018 For the first time in its 330 year history, insurance behemoth Lloyd's of London is launching a global innovation sandbox to find tech talent that can develop new solutions as it attempts to digitise. Nicknamed Lloyd's Lab, the new initiative will see corporate innovation specialist L Marks go on the hunt for entrepreneurs, early and [...]
Allez le Bleus! Lloyd’s of London tips France for world cup glory June 12, 2018 Insurance market Lloyd’s of London has predicted that France will win this year’s world cup, based on the insurable value of its team. The research by Lloyd’s and the Centre for Economics and Business Research shows the insurable value of the French team is £1.4bn, with England second on £1.17bn and Brazil third on £1.1bn. [...]
Revealed: The 15 best employers in Britain for work-life balance, as rated by staff June 7, 2018 Dealing with millions of busy commuters might not sound like the dream job, but according to a new study workers at Transport for London (TfL) are the most content with their work-life balance. The rankings, compiled by job site Indeed, showed that TfL had a better “staff first” mentality than any other company in the [...]
Investment bank Nomura gets German licence for post-Brexit Frankfurt base June 1, 2018 Japanese investment bank Nomura said today it had been granted a licence by German regulators for its new post-Brexit Frankfurt base. Nomura confirmed it had received a licence from German financial regulator BaFin for its new Frankfurt subsidiary. The bank said in a statement: “Nomura’s plans are well advanced and the license is a major [...]
Suits you: Lloyd’s of London lets staff dress down May 25, 2018 Venerable insurance market Lloyd’s of London confirmed today that it has relaxed the once-strict dress code for its underwriting room. Previously not wearing a tie or a jacket would have been enough to have someone ejected. However, this policy has been relaxed as Lloyd’s looks to move with the times. Read more: Dress-down Friday? Dress-down [...]
Paul Drechsler pledges to use Brexit as opportunity for business as he swaps CBI for London First May 25, 2018 The Confederation of British Industry president Paul Drechsler is to become chairman of lobby group London First, pledging to use Brexit as an opportunity to improve the environment for the capital’s businesses and residents. Drechsler will take on the reins on 1 July, after his three-year term at the CBI concludes. He is taking over [...]
Lloyd’s underwriter Hiscox bounces back from catastrophe-hit 2017 with strong first quarter results May 8, 2018 Insurance firm Hiscox announced a solid set of first quarter results this morning following a tough 2017 which was marked by a series of natural disasters. The Lloyd’s underwriter increased its gross written premiums by 24 per cent on a constant currency basis to $1.155bn (£855m), up from $929m in the same period last year. [...]
Seize the chance for radical housing reform May 3, 2018 Britain – and London in particular – needs a sweeping overhaul of the planning system. We are building a fraction of the homes we need to keep up with rising demand, and with a third of young people now faced with spending their entire lives renting, the crisis cannot afford to be brushed under the [...]