Nationwide offers boost to first-time buyers as mortgage rates cut September 24, 2024 Nationwide announced that it will allow first-time buyers to borrow up to six times their income for a mortgage, becoming the first major lender to offer this significant boost.
Lloyd’s of London names Treasury veteran Charles Roxburgh as chair September 19, 2024 Lloyd's of London has named Treasury veteran Charles Roxburgh as its next chair, taking over one of the City's most prestigious posts from Bruce Carnegie-Brown.
Bain Capital reportedly weighing sale of Direct Line rival esure September 16, 2024 Private equity giant Bain Capital is reportedly considering selling British motor and home insurer esure in the latest sign of M&A in the sector.
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
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.
Exclusive: British Cycling throws weight behind Tour de France host bid September 9, 2024 British Cycling has thrown its weight behind plans to bring the Tour de France Grand Depart back to the UK for the first time since 2014 and insisted it would “love” to stage it in London. Funding body UK Sport identified the 2027 Tour as one which could begin in Britain – with the Tour [...]
Lloyd’s of London reports ‘superb’ first half but warns of digitisation delays September 5, 2024 Lloyd’s of London, the storied insurance market and one of the world’s largest providers of reinsurance, has reported a jump in profit today but warned its landmark digitisation project was taking “longer than expected”. Lloyd’s reported an overall profit before tax of £4.9bn in the first half of 2024, up from the figure of £3.9bn [...]
Square Mile and Me: Rashik Parmar MBE on becoming a tech veteran September 5, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Rashik Parmar, CEO of BCS, The Chartered Institute for IT, takes us through his career.
Fundsmith Equity falls out of most bought list for the first time September 3, 2024 Fundsmith Equity, the largest investment fund in the UK ran by star manager Terry Smith, has fallen out of Interactive Investor’s most bought list for the first time ever. The list has been tracking the top ten most popular equities, funds and trusts on the platform since 2018. Fundsmith Equity topped the list as recently [...]
Oakley Capital: Private equity firm sells digital learning platform to Lloyd’s Register September 2, 2024 Private equity firm Oakley Capital has sold digital learning platform Ocean Technologies Group (OTG) to maritime classification society Lloyd’s Register for an undisclosed sum.