London remains one of the world’s leading green finance centres April 29, 2021 London has held on to one of the top spots for green finance quality in Z/Yen’s latest index, but Western Europe’s overall dominance is starting to slip. In its Global Green Finance Index (GGFI), the City of London think tank ranked 78 financial centres across the world for their public, private and nonprofit investment in [...]
City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list April 28, 2021 As the economy slowly recovers from what has been a dramatic year, and investors gradually dare to think again about growth and investment, City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they spot opportunities as London’s investment community starts to shake off the pandemic. Banking, energy [...]
Exclusive: Boris Johnson faces calls from business leaders to commit to net zero financial system April 27, 2021 A group of business leaders have written to Boris Johnson asking him to commit the UK to developing a net zero financial system ahead of this year’s COP26 climate summit. The letter, which has been seen by City A.M., said that such a move would allow the Britain to show off its global leadership before [...]
Economy shows green shoots of recovery as dividends fall at slowest rate in a year April 26, 2021 UK dividends fell at their slowest rate in the first quarter in an encouraging sign the economy is starting to recover from the worst of the pandemic. Payouts fell 26.7 per cent to £12.7bn in the first quarter year-on-year, according to Link Group’s latest Dividend Monitor. Since the nearly 50 per cent drop in payments [...]
Hospitality groups gear up to take on insurers over business interruption cover April 23, 2021 Hospitality companies hit hard by the pandemic are forming groups to take on their insurers, in the hope of receiving business interruption cover they believe they are owed. The hospitality businesses involved believe they are owned payouts from their insurers after the coronavirus and subsequent restrictions left them unable to serve customers for months at [...]
Financial services leaders team up to launch net zero alliance April 21, 2021 Leading financial services firms have today announced the launch of a new alliance to reach net zero emissions ahead of President Biden’s climate summit. The Glasgow Financial Alliance for Net Zero (GFANZ) will bring together existing and new net zero initiatives and will be made up of 160 of the world’s biggest banks, asset managers [...]
Leading investors call on banks to set tougher net zero targets April 19, 2021 A group of investors managing $11 trillion in assets is calling on banks to set radically enhanced emissions targets ahead of a key meeting aimed at tackling climate change. The group, which includes Aviva Investors and Legal & General Investment Management, said banks have a “critical role” in aligning the economy with net zero targets. [...]
Aviva brings executive committee to one-third women with new senior hire April 13, 2021 Aviva has added another c-suite female to its arsenal with the appointment of Cheryl Toner as chief customer and marketing officer. Toner will start at Aviva in May 2021, where she will join the group executive committee, a senior committee where women make up a third (33%) of its members. Aviva’s board, which Toner will [...]
Markets: Indexes in London and New York push further into record territory April 8, 2021 FTSE roars to highest levels since February 2020 as Wall St inches up
Some 1,200 HSBC staff to permanently work from home April 7, 2021 HSBC is moving more than 1,200 staff in the UK to permanent working from home contracts, marking yet another company making major changes to its working patterns post-pandemic. Around 70 per cent of the bank’s 1,800 call centre staff based across England, Wales and Scotland have volunteered to never return to the office, employment union [...]