Collapsing oil prices sends FTSE 100 plummeting – CityAM : CityAM August 19, 2021 A collapse in oil prices today sent shares in industrials and mining companies plummeting, dragging London’s FTSE 100 down over 1.5 per cent. The capital’s premier index slid to 7,059.58 points in the first hour of trading. Also Read: Lloyds eyes 50,000 homes in push to become UK’s largest landlord International benchmarks WTI and Brent [...]
Covid: West End shows halted as self-isolation rules hit theatres August 10, 2021 While the end of lockdown restrictions promised a show-stopping return for the West End, self-isolation troubles mean London theatres are still being forced to put productions on ice. Joseph and the Technicolour Dreamcoat, Jersey Boys and The Lion King have all been forced to cancel performances in recent days after cast or crew members were [...]
Fine dining restaurant planned for the top of Lloyd’s of London August 10, 2021 Lloyd’s of London is considering adding a Michelin-starred restaurant to the top of its headquarters as part of a revamp of the insurance marketplace’s iconic building spaces. The creation of a high-end restaurant with enviable views of London is being considered as a way to create ‘destination style’ experiences, and attract more clients and members of [...]
Businesses seek cover amid wave of discrimination lawsuits August 6, 2021 UK and US insurers are being flooded with requests for cover from businesses amid rising numbers of covid related discrimination lawsuits, it has been reported. According to Reuters, there have been 2,950 Covid-19 related employment lawsuits in the United States since the start of the pandemic, with health and safety, remote working and workplace discrimination [...]
Treasury launches £750m insurance scheme to cover Covid-related live event cancellations August 5, 2021 Costs associated with the cancellation of festivals, conferences and other live events due to Covid-related restrictions will be covered almost entirely by the government under a new £750m scheme. The Treasury will team up with Llloyd’s of London to deliver the Live Events Reinsurance Scheme, which will give companies the option of purchasing cover from [...]
Standard Chartered profits surge as loan-loss provisions fall sharply August 3, 2021 Standard Chartered posted a better-than-expected 57 per cent jump in first-half pre-tax profits as it followed fellow banking giants in releasing a wave of capital set aside in anticipation of a surge in Covid-related customer defaults. Pre-tax profit for Standard Chartered, which has a strong presence in Asia, Africa and the Middle East, rose to [...]
Wall Street dragged down by sinking Amazon shares July 30, 2021 US stocks fell sharply on Friday morning driven by shares in Amazon sinking after the EU slapped the firm with a record fine. The blue-chip S&P 500 dropped 0.51 per cent, while the Dow Jones and the Nasdaq 0.36 per cent and 0.66 per cent respectively. Shares in Amazon sunk as much as 7.1 per [...]
US stocks climb to record high on positive economic growth July 29, 2021 Wall Street climbed to record highs on Thursday as investors piled into stocks after new figures revealed the US economy is recovering quickly from the Covid crisis. The S&P 500 hit record levels in opening trading, but scaled back to rise 0.53 per cent to 4,424 during the morning session. Likewise, the Dow Jones and [...]
Congestion charge to be rolled back to 18:00 on weekdays July 28, 2021 The London congestion charge will stop at 18:00 on weekdays under new proposals from Transport for London (TfL) to encourage punters to return to the capital’s hospitality hotspots in the evenings. However, on weekends it will become operational between 12:00 and 18:00, in order to reduce congestion in central London and get people back on [...]
London Tories call for Khan to reopen van and lorry scrappage scheme July 23, 2021 London’s Conservatives have today written to Mayor Sadiq Khan urging him put £50m from City Hall’s business rates reserves towards reopening scrappage schemes for vans and heavy vehicles ahead of the expansion of the ULEZ zone. Although Khan has so far provided £61m to drivers looking to trade in non-ULEZ compliant vehicles, the van and [...]