The Notebook: Talking down the City? Not a bit of it in this newspaper May 25, 2023 One of the delights of this job is the ability to sit down with people from across the Square Mile and ask them very simple questions. One of the perennials is “what keeps you up at night?” The CEOs you’d really want to work for say “people”. That one who said “the fact we’re going [...]
The Square Mile and Me with HowdenCAP’s Mary O’Connor May 25, 2023 Each week we ask the Square Mile’s great and good to take a trip down memory lane. This week, it’s HowdenCAP’s Mary O’Connor on her time as a regulator, the insurance industry, and a well-hidden bar What was your first job? Filling jam doughnuts at the local bakery. I started at 5am! What was your [...]
Ukraine minister Oleksandr Gryban on how private investment can help rebuild the country May 25, 2023 Midway through last year, Ukrainian president Volodomyr Zelenskyy tabled a proposal to his finance lieutenants. Government support, both domestic and international, was flowing into the economy but the scale of economic damage wrought by Russia’s invasion needed a bigger remedy. The country needed an initiative to trigger the interest of the private sector: Advantage Ukraine was born.
Return Finance launches fully compliant high-yield savings application in 27 European countries May 24, 2023 Return Finance has been granted Virtual Asset Service Provider (VASP) authorisation from regulatory authorities to operate in 27 European countries.
Aviva shares fall despite private health boom boosting insurance giant May 24, 2023 Shares in Aviva fell even after it recorded a strong start to the year, with sales rising eleven per cent thanks to a boom in private healthcare. Private healthcare sales grew by a quarter to £33m as more customers were attracted to “the benefits of private cover,” perhaps boosted by Brits looking for alternatives to [...]
Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
London set to be home of new transatlantic carrier Global as soon as next year May 23, 2023 A team of successful investors are preparing the launch of a new transatlantic airline based out of London, City A.M. has learned, with one Airbus jumbo jet already purchased. The investors behind Holiday Swap, the travel platform valued at more than £300m, and the firm’s founder James Asquith are thought to have as many as [...]
First Citizens sues HSBC for poaching Silicon Valley Bank staff May 23, 2023 First Citizens, which acquired Silicon Valley Bank following its collapse, sued HSBC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers so [...]
Good news at last for England as bowler is passed fit for Ashes May 23, 2023 England cricket chiefs have received an overdue boost ahead of the Ashes after seam bowler Ollie Robinson was cleared of serious injury. Robinson became the latest England doubt for next month’s series with Australia when he hurt his ankle playing for Sussex last week. But the England and Wales Cricket Board reported on Tuesday that [...]
Britain still on track to dodge a recession this year but inflation returns May 23, 2023 Britain is still on track to avoid a recession in 2023 driven by consumer spending holding up amid a tough cost of living crisis, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s composite purchasing managers’ index (PMI) for May hit 53.9 points. While the number was [...]