Brexit: London Lord Mayor says government ignored City of London in negotiations November 22, 2020 The government has neglected the City of London in Brexit negotiations, according to the Lord Mayor of London. Lord Mayor William Russel, a former investment banker, said he had been disappointed by the government’s approach and that it had “missed the point” of the City of London. Russell is the 692nd Lord Mayor and acts as [...]
Pushing the Gas November 20, 2020 New Record? The market showed a lot of resilience and dip buying interest to shake off any immediate questions about the sustainability of the recent upside. So much that Bitcoin moved above the $18,000 level and remains on track to retest the highs from earlier on in the week. In addition, the demand for risk [...]
Treasury rebuffs calls from City banks for help chasing bad debts from Covid loans November 20, 2020 Treasury rebuffs calls from City banks for help chasing bad debts from Covid loans
Singing of arms and the man: Behind the big Boris defence announcement November 20, 2020 The announcement was preceded, of course, by a leak to the media, so that it could make a splash in the morning press. Standard practice these days, unfortunately — but the story was still an impressive one: the Prime Minister was giving the Ministry of Defence an extra £4bn a year for the next four [...]
FTSE 100 and global stocks fall after vaccine sugar-rush November 19, 2020 The FTSE 100 and global stocks dropped as worries about rising coronavirus cases and longer-than-expected lockdowns knocked the index after positive vaccine news drove it higher yesterday. London’s main stock index fell 0.9 per cent to 6,327 points by mid-afternoon. The FTSE 250 of slightly smaller firms also fell 0.9 per cent. In the US, [...]
And Breathe… November 19, 2020 Plenty for Everyone Bitcoin traded a touch softer, although there was also plenty of dip buying interest. In the early European trade, Bitcoin was trading in the mid-$17,000 area. The growth in the open interest (OI) has abated somewhat, where stablecoin margined venues have gained market share relative to Bitcoin margined venues. That being said, [...]
Slaughter and May partner helping government on Covid financing makes immediate exit November 19, 2020 Slaughter and May partner Oliver Storey has left the magic circle firm following an internal investigation by the firm. Storey has left the firm with immediate effect and the Solicitors Regulation Authority (SRC) has been notified. When a firm passes information to the SRC having completed an internal investigation, it is then the job of [...]
Treasury launches listings review to lure companies to float in the UK November 19, 2020 The Treasury has today launched a review into the rules governing public listings in a bid to lure firms to float in the UK. Former British commissioner to the EU Lord Hill will lead the review which is aimed at helping to shape the UK’s financial services industry after Brexit. Lord Hill will present his [...]
Covid-19 vaccine refusers may face different life insurance policies November 19, 2020 Those who refuse to have the coronavirus vaccine, should one become widely available, could be offered different life insurance terms to those who have had the vaccine. Reassured director of corporate sales Phil Jeynes told City A.M. that the existence of a coronavirus vaccine could mean customers who have had the vaccine are offered different [...]
How to think long-term when your shareholders won’t let you November 19, 2020 Before the Covid-19 pandemic, my team conducted a study amongst nearly 700 business leaders across the US and Europe. The results uncovered that 76 per cent of chief executives think businesses need to shift focus from short-term profit delivery to long-term value creation. But so far less than five per cent have made that shift. [...]