David Cameron lobbied Bank of England to help failed Greensill Capital March 23, 2021 David Cameron lobbied the Bank of England to help bail out failed finance firm Greensill Capital where he worked as an adviser, it has been revealed. The central bank said the former Prime Minister contacted it on several occasions to try and relax the rules on the emergency Covid Corporate Financing Facility (CCFF) scheme, which [...]
Red skies for Bitcoin – danger or delight? Meanwhile XRP finds (well) hidden strength as THETA breaks the top ten March 23, 2021 There seems to be a pattern emerging with Bitcoin at the moment – rise to a crescendo all week, reach or come close to a new all-time high, then retreat and go again.
City Corporation marks one year anniversary of UK’s first COVID lockdown March 23, 2021 A national day of reflection is being held today [23 March] to commemorate the anniversary of the UK’s first lockdown during the COVID-19 pandemic. Lord Mayor of the City of London William Russell said: “A year on from the first lockdown, it is a time of reflection for us all. “These past 12 months have [...]
Rio Tinto to partner with Indigenous leaders despite native claims of ‘no visibility’ March 23, 2021 Rio Tinto will set up a panel to better manage its relationships with indigenous groups after the mining giant destroyed sacred rock shelters in Australia last year. Former CEO Jean-Sébastien Jacques and other senior executives, Chris Salisbury, Simone Niven and Simon Thompson, have all stepped down following the controversy. The destruction of Jukkan Gorge in [...]
Digitisation of the economy sped up PensionBee’s float plans March 23, 2021 The transition to a digitised economy sped up PensionBee’s plans to float on the stock market, an idea it first began to mull in 2016. This morning online pension provider PensionBee announced its intention to float on the London Stock Exchange. The IPO would comprise an offer to institutional investor and eligible PensionBee customers. More [...]
Smithfield, Billingsgate and New Spitalfields markets to move to Dagenham Dock March 22, 2021 The City of London has received the green light to relocate its three historic food markets to a purpose-built site at Dagenham Dock in east London. Smithfield, Billingsgate and New Spitalfields markets will merge to form one of the UK and Europe’s biggest wholesale food market destinations under the plans, which will be submitted to [...]
Clean air and recycling dominate London’s top environmental awards March 22, 2021 Firms tackling air pollution and championing recycling have been recognised at the Clean City Awards, the capital’s environmental ‘Oscars’. The financial services sector triumphed, with the Bank of England and Investec PLC praised for their work in tackling environmental issues. The scheme, now in its 26th year, rewards City businesses leading the way in improving their [...]
Good for equality? Good for the economy March 22, 2021 DiverCity® Podcast · The Changing Shape of Female and Inclusive Entrepreneurship International Women’s Day is a catalyst for a wealth of discussions on experiences, equality, and the opportunities to realise gender parity, but this year, the backdrop of COVID-19 has brought new issues to the fore. For the International Women’s Day episode of DiverCity podcast, [...]
LGIM to call for ‘more protections’ for minority investors March 22, 2021 One of the UK’s largest investors is set to call for more protections for minority investors in a submission to the Financial Conduct Authority (FCA) over reforms to the UK’s listings regime. Legal & General Investment Management (LGIM) will call for a range of measures, including making investment banks which run IPOs for companies receive [...]
Apollo chairman Leon Black quits following review into his ties to Jeffrey Epstein March 22, 2021 Leon Black, chairman of Apollo Global Management, has agreed to step down from his post following an independent review of his ties with disgraced financier and convicted sex offender Jeffrey Epstein. New York City-headquartered Apollo Global Management has appointed Jay Clayton, former US Securities and Exchange Commission chief, as non-executive chairman. Black, who co-founded Apollo [...]