Hong Kong insurer becomes first in Asia to open up coverage to NFTs April 24, 2022 A Hong Kong insurance firm has opened up its coverage to NFTs – becoming the first insurer in Asia to offer such a service – as the city wrestles with its pandemic-induced “isolated status”. OneDegree, one of four virtual insurers in the global financial hub, has entered a three-year partnership with German reinsurer Munich Re [...]
Week ahead: City eyes cladding bill impact on house builders’ bottom lines April 24, 2022 Signs of the negative impact of the government turning to home builders to fix the cladding crisis is likely to draw City traders’ gaze in a week of jam packed corporate and economic announcements. London’s capital FTSE 100 index dipped 0.78 per cent to 7,521.68 over the last week, while the mid-cap domestically-focused FTSE 250 [...]
Steepening yields boost London-listed banks April 20, 2022 Financials led the way in the City today as a steepening in global yields boosted sentiment to banks and fund managers. London’s premier FTSE 100 index climbed 0.37 per cent to 7,629.22 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, closed 0.58 per cent [...]
P&O to face soaring insurance bill after sinking to riskiest safety rating April 18, 2022 P&O is to face soaring insurance bills after it sank to the riskiest safety rating, with its performance deemed “very low.” According to an analysis of an international database of inspections, P&O was previously awarded a “medium rating,” but after it sacked 800 seafarers and replaced them with agency workers the rating sank. “It’s very [...]
London: Six arrests amid Extinction Rebellion protests as Olympians scale oil tanker April 16, 2022 Six people have been arrested after Extinction Rebellion activists, including a pair of Olympians, scaled a Shell oil tanker. The Met police confirmed six arrests for vehicle interference had been made on Saturday, the BBC reported. Climate change activists had been demonstrating in central London against the government funding fossil fuels. It was not known [...]
Extinction Rebellion: Scientists glue themselves to government department in climate protest April 13, 2022 Scientists aligned to the Extinction Rebellion group have glued themselves to the department for Business, Energy and Industrial Strategy (BEIS) building in a climate protest. In images and footage posted on social media, campaigners with the Scientists for Extinction Rebellion group, took part in the demonstration unfurling a banner saying ‘end fossil fuels now.’. This [...]
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
All Lloyd’s of London staff at home today as army of 60 climate activists descend on insurer’s iconic City office April 12, 2022 Lloyd’s of London asked all its employees not to come to its offices in the City this morning, the company told City A.M. Extinction Rebellion have blocked entrances and remain on the roof of the Lloyd’s Building to demand the financial giant stops insuring coal, oil, gas and tar sands that are “fuelling the climate [...]
The show goes on: Olivier awards return in sign of West End comeback April 10, 2022 The West End’s biggest stars donned their gladrags to walk the ‘green carpet’ tonight at the 2022 Olivier’s following a three-year pandemic-forced gap. Cabaret was among the big winners of the day, with Rebecca Frecknall winning best director for the London Playhouse production and Eddie Redmayne taking best actor for his performance as The Emcee. [...]
Live music and flamenco dancers to transform the City into Waste Land April 6, 2022 Flamenco dancers and DJs playing hip-hop aren’t the first things you think of when picturing the centuries-old churches in the City of London. Nor is Killing Eve actor Fiona Shaw, but this weekend all three contribute to a kaleidoscopic arts and culture festival. The three-day Fragments event is a celebration of the centenary year of [...]