Ban on new petrol and diesel car sales to be brought forward to 2030 November 14, 2020 Boris Johnson is set to announce that the ban on petrol and diesel vehicles will be brought forward to 2030. The announcement is expected as part of a landmark speech laying out the government’s 10 point plan for climate change. Back in February the ban on the sale of such vehicles was brought forward to [...]
Direct Line premiums stabilise as insurance market climbs back November 10, 2020 Direct Line today posted flat trading for the third quarter as shopping habits began to recover after a decline sparked by the coronavirus outbreak. The insurance group said its total written premiums slipped a marginal 0.8 per cent to £851.5m in the three months to the end of September. The performance was primarily driven by [...]
Brexit talks: Germany ‘concerned’ over lack of progress given reliance on City October 30, 2020 A senior German government official said he was “deeply concerned” by the lack of progress in post-Brexit trade talks between the UK and EU, given the reliance of Germany companies on funding from the City. “German corporates, for all that I can tell, rely massively on wholesale financing offered from the City of London, so [...]
Exclusive: These are the top 50 London startups to work for October 29, 2020 An insurtech startup that has raised just £13m to date is the best startup to work for in London, according to new research. The incentive-based life insurance platform Yulife is the best London-based startup to work for, according to research by recruitment platform Tempo. The startup, which employs just 61 people, has been recognised for [...]
7,500 UK finance jobs shifted to EU since historic vote, as hard Brexit edges closer October 1, 2020 More than 7,500 UK finance jobs have headed for Europe since the 2016 EU referendum, with more relocations expected as City firms edge against a hard Brexit. In September alone, financial services firms moved more than 400 jobs to financial hubs across the EU, according to a new Ernst & Young report, published earlier this [...]
Uber wins bid to regain London operating licence September 28, 2020 Uber has won its legal bid to regain its licence to operate in London after a long-running court battle. Deputy senior district judge Tan Ikram said that despite its previous failings, the firm was now “fit and proper” to hold a licence. Ikram decided to give the firm a licence to operate for 18 months, [...]
Uber touts safety updates in second day of London court battle September 15, 2020 Uber has told a London court that it has addressed Transport for London’s concerns over the safety of its passengers through a number of changes to its platform and policies. TfL refused to grant Uber an extension on its licence to operate in London at the end of last year, following what it called a [...]
Don’t be The Passenger: Iggy Pop’s classic Ferrari up for auction September 5, 2020 A Ferrari 308 GTS QV formerly owned by the Godfather of Punk will soon be for sale. And it seems this supercar was too quick for Iggy Pop...
Goldman and Barclays eye General Motors’ credit card business August 12, 2020 Goldman Sachs and Barclays are reportedly among bidders for General Motors credit card unit. The two banks are among a small number of suitors for the car company’s credit card business which has about $3bn (£2.3bn) in outstanding balances, according to The Wall Street Journal. Goldman currently has a relatively small presence in consumer banking, [...]
Markets live: Wall Street bull run resumes as FTSE 100 pushes higher August 12, 2020 Wall Street continued its winning streak as markets opened this afternoon after the FTSE 100 shrugged off dour UK GDP data to push higher. The blue chip index closed up 2.20 per cent at 6,289 points, marking a three-week high. Traders shrug off recession It comes after official data showed UK GDP shrank 20.4 per [...]