Protestors gather outside Lloyd’s of London over coal mine insurance May 17, 2021 Protests took place today outside Lloyd’s of London in the City and in 12 other locations around the UK over insurance-related environmental concerns. People gathered to demand Lloyd’s stops insuring all coal mines immediately. The protest was designed to coincide with the reopening of Lloyd’s underwriting room. According to pressure group Coal Action Network, Lloyd’s [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 12, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Capital Group strengthens UK sales team Investment firm Capital Group, which has £1.7 trillion assets under management, has expanded its UK financial intermediaries team this week by hiring a new managing [...]
Extinction Refinancing: Banks are the next generation of climate activists withholding funding for carbon-heavy businesses May 11, 2021 Banks are unlikely to be the first group that comes to mind when thinking of climate activists. Although there is now immense and growing pressure on every area of the financial community to drive down emissions and lead the transition to a low-carbon economy, banks often seem to face the most scrutiny. A massive 92 [...]
Extinction Rebellion co-founder arrested after attacks on Canary Wharf banks May 11, 2021 Extinction Rebellion co-founder Gail Bradbrook was arrested at her home this morning for conspiracy to cause criminal damage and fraud after her group attacked banks in Canary Wharf. Activists from Extinction Rebellion smashed the window frontage of HSBC and Barclays last month. They have also targeted Lloyd’s of London, where they dumped fake coal outside [...]
Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
Lloyds in talks over £400m deal for retirement group Embark May 9, 2021 Lloyds Bank is in talks over a £400m deal to acquire retirement products provider Embark in what would be its biggest acquisition since it returned to private ownership four years ago. The lender is close to finalising a deal and an announcement could come as early as this month, Sky News reported. Embark, which was [...]
New City of London Corporation Finance Committee Chairman elected May 6, 2021 Jamie Ingham Clark has today [6 May] been elected as the new Chairman of the City of London Corporation’s Finance Committee. Jamie, who previously served as Deputy Chairman, will lead the Committee responsible for stewardship of the City Corporation’s funds. The Committee aims to ensure the organisation achieves value for money in all its activities and maintains a [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 5, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. OneBanks hires ex–Lloyds chief as its first CTO Shared branch banking venture OneBanks has appointed a former Lloyds Bank executive as its first chief technology officer (CTO) this week. Andy Willmot, once [...]
Hal Robson-Kanu interview: West Brom and Wales footballer on his health drink business, the Turmeric Co, and targeting more Euros glory May 2, 2021 2016 was a breakthrough year for Hal Robson-Kanu, and not only because he scored one of international football’s most memorable goals. His strike against Belgium at the European Championship – a Cruyff turn and finish that Johan himself would have been proud of – sent Wales into a major semi-final for the first time and [...]