HSBC’s shares rise four per cent despite larger-than-expected profit slump after Brazil disposal November 7, 2016 HSBC's share price rose by more than four per cent this morning, despite a sharper-than-expected slump in profits in the third quarter – although stripping out currency fluctuations, things looked rather better… The figures Pre-tax profit at the British lender fell 86 per cent to $843m in the quarter ended 30 September, down from $6.1bn in [...]
Combine watch shopping with a drink at these boutique bars November 4, 2016 Why jostle with the hoi polloi when you could be enjoying a quiet drink while contemplating your latest purchase? Come Christmas shopping season, make sure you wind up at these London watch boutique bars, says Laura McCreddie-Doak. I dream of having a club; a place where I can go not just where everybody knows my [...]
City Moves for 4 November 2016 | Who’s switching jobs November 4, 2016 Hastings Group Hastings Group has appointed Teresa Robson-Capps and Alison Burns as non-executive directors with immediate effect. Teresa is currently a non-executive director and member of the audit committee for Clydesdale and Yorkshire Bank Group and is chairman of the ACS Group. She was previously a non-executive director for National Australia Bank; Europe/Clydesdale Bank. Teresa brings significant [...]
West End retailers are expecting a £2.34bn boost from Christmas this year November 2, 2016 The West End is expecting some healthy takings at the till this Christmas – the most important time of year for retailers. The New West End Company has forecast that till receipts will rise 1.6 per cent year-on-year this Christmas, hitting £2.34bn. Average takings are expected to come to £51.1m per day during the peak period for [...]
Waterloo Station is getting a revamp and this is what it will look like November 2, 2016 Waterloo Station is getting a flashy revamp. Lambeth Council have awarded planning permission to a project from London and Continental Railways (LCR), the Department of Transport and Network Rail that will bring the former Eurostar terminal back to life after a decade. There will be 135,000 square feet of office space with high street food and [...]
Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years November 1, 2016 The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]
HSBC calling? Dame Clara Furse steps down from Bank of England’s Financial Policy Committee November 1, 2016 Dame Clara Furse has stepped down from the Bank of England's Financial Policy Committee (FPC), fuelling speculation that she's being lined up for a top job at HSBC. “It’s been an enormous privilege to work with the governor, other FPC colleagues and Bank staff on developing the UK’s macro-prudential policy in its early years," said Furse. "I [...]
Premium Bonds stand the test of time and celebrate their 60th birthday today November 1, 2016 There aren't many government initiatives that go pretty much untouched for 60 years. But the iconic Premium Bond celebrates its diamond anniversary today and while some elements may have changed, the central idea remains the same. Harold Macmillan launched Premium Bonds in 1956 as part of a government initiative to encourage post-war Britons to save more. The [...]
HSBC UK expected to name former London Stock Exchange boss as chair October 31, 2016 Dame Clara Furse is close to being named chair of HSBC UK, the new ring-fenced retail bank, it has emerged. The former chief executive of the London Stock Exchange Group could be appointed as early as tomorrow, Sky News first reported. As part of the move – which would be subject to regulatory approval – she would [...]
House prices around the M25 have gone up 551 per cent in the last 30 years October 29, 2016 The M25 is 30 years old today. A lot of things have changed in 30 years; not least house prices. Indeed, the average price of houses around the M25 has risen 551 per cent in the 30 years since Britain's busiest motorway was opened. According to Halifax, in the 40 towns surrounding the 117-mile motorway, the average price [...]