HSBC and Barclays shares plummet as tariff woes hit FTSE 100 April 3, 2025 Shares in Britain’s top lenders plunged into the red during early trading on Thursday as Trump’s tariff announcement hit London markets. Europe’s biggest lender HSBC was down over five per cent, with Barclays seeing a more than four per cent drop. Standard Chartered was the FTSE 100’s top faller, as the bank’s stock sank over [...]
Zurich acquires stake in transactional insurance specialist Icen Risk April 1, 2025 Global insurance giant Zurich Insurance is set to acquire a stake in Icen Risk, a Lloyd’s of London coverholder and a growing player in London’s specialist insurance market. Since it was founded in 2018, Icen has carved out a niche in transactional risk, notably tax and intellectual property risk in complex M&A deals. According to [...]
The Phantom of the Opera closure slashes profit at Andrew Lloyd Webber’s empire April 1, 2025 The closure of The Phantom of the Opera on Broadway led to sales and profit at the entertainment empire owned by Lord Andrew Lloyd Webber being slashed during its latest financial year, it has been revealed. London-headquartered The Really Useful Group has reported a turnover of £36.5m for the year to 30 June, 2024, down [...]
Nigel Farage criticises DEI and says men ‘sacrifice’ more for jobs than women March 28, 2025 Reform UK leader Nigel Farage has criticised diversity, equity and inclusion (DEI) policies and argued men “sacrifice their family lives” for their careers more than women. Speaking at an event in Parliament, the MP for Clacton-on-Sea argued that more men used to be at the top of boardrooms because “the country was white men”. Addressing [...]
The Capitalist: Royal Exchange climbers, Severance stunt and a Treasury typo March 27, 2025 Protesters scale the Royal Exchange, Severance stars join the commute and a Treasury typo; catch up on the latest drama in The Capitalist.
‘Nothing off the table’ over possible troop deployment for Kyiv, No10 says March 22, 2025 Western military planning to enforce a potential ceasefire in Ukraine is set to intensify in London next week as No10 said “nothing is off the table” over possible troop deployment for Kyiv. No10 said “thousands” of personnel would be required to support any operation whether by “sea, on land or in the air” as allies [...]
Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs
Lloyd’s of London’s profit drops despite premium growth March 20, 2025 Lloyd’s of London, the world’s leading insurance and reinsurance marketplace, has reported a profit before tax of £9.6bn for 2024, a drop from the £10.7bn reported for 2023. The market, which is made up of more than 50 leading insurance companies and over 380 registered Lloyd’s brokers, recorded gross written premiums of £55.5bn for 2024, [...]
Lord Andrew Lloyd Webber’s theatre empire braced for Reeves’ tax hike March 18, 2025 Lord Andrew Lloyd Webber’s theatre empire has warned it is bracing for the “notable impact” the hike in employer’s National Insurance contributions (NICs) when it comes into force next month. Chancellor Rachel Reeves announced in her Budget in October 2024 that NICs would rise by 1.2 per cent from April to 15 per cent in [...]
Lloyd’s of London expects £1.8bn hit from Californian wildfires March 10, 2025 Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]