Russia-Ukraine talks boost London’s top indexes March 14, 2022 Reports of progress in talks between Russia and Ukraine boosted London’s top indexes today. The capital’s premier FTSE 100 index jumped 0.53 per cent to close at 7,193.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, soared 1.31 per cent to 20,471.25 points. Negotiations between [...]
Aviation software company Sabre cuts ties with Russia’s Aeroflot following Ukraine invasion March 3, 2022 Aviation software company Sabre announced today it has cut ties with Russian airline Aeroflot following Moscow’s invasion of Ukraine. The Texas-based group said it has terminated its distribution agreement, removing Aeroflot’s content from its global distribution system – which is used by global travel agencies and websites to book and service flight reservations. “We are [...]
New UK sanctions: Russian aviation and space industry blocked from insurance market March 3, 2022 The UK government has imposed fresh sanctions targeting Russia’s aviation and space industry, meaning that businesses cannot access the UK insurance sector. The measures, hauled in in response to Russia’s invasion of Ukraine, will “severely limit” access to the global insurance and reinsurance market, the UK government announced today. The European Union (EU) is expected [...]
Ukraine war day four: Russian Army enters country’s second-largest city as fighting continues February 27, 2022 Russian troops have entered Ukraine’s second-largest city of Kharkiv and fighting is under way in the streets, Ukrainian authorities have said. Oleh Sinehubov, head of the Kharkiv regional administration, said Ukrainian forces are fighting Russian troops in the city and asked civilians not to leave their homes. Russian troops approached Kharkiv, which is located about [...]
Weekend Exclusive: Lloyds banker turned charity guru Bernie Hollywood OBE on mental health in the City February 27, 2022 Londoner Bernie Hollywood OBE spent nearly a decade as a corporate banker at Lloyds Banking Group’s HQ at 25 Gresham Street in the City. These days, he is determined to make a difference: next year, the 63-year-old is rowing the Atlantic to raise funds for youth mental health. City A.M. caught up with him to [...]
Ukraine invasion hits global markets as £77bn is wiped off FTSE 100 in worst day in years February 25, 2022 Almost £77 billion was wiped off the value of London’s top 100 listed companies on Thursday as global markets plummeted following Vladimir Putin’s invasion of Ukraine. As fighting continues between Russian aggressors and Ukrainian defenders, traders across the world sold off shares as they tried to figure out the consequences. In London, the impact was [...]
Lloyd’s of London chairman to helm TheCityUK’s leadership council February 24, 2022 TheCityUK has appointed the chairman of Lloyd’s of London to the helm of its leadership council. Bruce Carnegie-Brown, an insurance broker and also vice chairman of Banco Santander, will head the forum that hauls in financial and professional services figureheads to develop the organisation’s strategy in the City. Succeeding Sir Adrian Montague, who will step [...]
Russian invasion of Ukraine would ‘echo around the world’, warns Johnson February 19, 2022 Prime Minister Boris Johnson has warned that the shock of a Russian invasion of Ukraine would “echo around the world” as he told world leaders today that the crisis in Ukraine represented a "moment of extreme danger for the world".
Private equity firms outgun banks on pay after fees soar February 16, 2022 Top US private equity firms are now outgunning big investment banks on pay as the they set aside more than twice as much to dish out to employees last year.
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]