Man arrested at Gatwick Airport on suspicion of terrorism July 26, 2019 Police arrested a man on suspicion of terrorism offences at Gatwick Airport earlier this week. Officers arrested the 51-year-old man at about 7:40pm on Wednesday evening on suspicion of preparation of terrorist acts. Read more: Only one in five businesses has insurance against terrorism The Metropolitan Police’s Counter Terrorism Command detained the suspect after conducting [...]
Pearson holds full-year guidance as digital shift pays off July 26, 2019 Pearson has held its guidance for the full year as the firm’s ongoing shift from textbooks to digital formats drove robust trading in the first half. The publishing and education firm posted a two per cent decline in revenue to £1.83bn in the first six months of the year. Read more: Pearson sales slip as [...]
The new PM had better deliver on his promise to fix social care July 26, 2019 Talk about bold promises. On the steps on Downing Street, preparing to enter Number 10, the new Prime Minister pledged to “fix the crisis in social care once and for all with a clear plan we have prepared”. Similar to the National Health Service, social care is an area that MPs often struggle to address. [...]
Lloyds’ away win piles pressure on Skeoch July 26, 2019 A score draw? For Standard Life Aberdeen, that’s probably an overly generous classified check after the final whistle on its £109bn fund management dispute with Lloyds Banking Group. It’s hard not to look at the result as anything other than a come-from-behind victory for Britain’s biggest high street lender instead. The £140m cash sum it [...]
City Moves for 26 July – Who’s switching jobs at Investec, FSMB and Smiths Group? July 26, 2019 Today’s City Moves includes Investec, FSMB and Smiths Group. Investec Investec Corporate and Investment Banking has announced the appointment of Ajeeth Narayan as global head of Investec Aviation Finance. Mike Francis will be executive lead of the Aviation Finance franchise, and Celia Britt will become chief operating officer. Ajeeth and Mike were two of the [...]
Boris Johnson repeats pledge to leave EU on 31 October in first speech to parliament July 25, 2019 Boris Johnson has repeated his pledge to take the UK out of the EU on 31 October in his first statement to the House of Commons as Prime Minister. Johnson told MPs that his mission was to deliver Brexit on 31 October. “I and all ministers in this government are committed to leaving on this [...]
Drop in retirement income sales hits insurer Just Group July 24, 2019 Just Group’s share price tumbled more than seven per cent in morning trading, as the specialist insurer posted a fall in retirement income sales. In a trading update released this morning, the financial services firm said that sales during the first half of the year tumbled 30 per cent to £831m, pushing shares down seven [...]
Tradeweb’s CEO on tech, China, and modernising bond markets July 24, 2019 While researching Lee Olesky, the co-founder and chief executive of the fixed-income market platform Tradeweb, I came across an article comparing him to Amazon’s founder Jeff Bezos. Both started their companies in the nineties. Both set out to use the internet and ecommerce to disrupt their respective industries at a time when the idea of [...]
‘It’s a powerful, symbolic moment’: Chief executive Warren Deutrom on Ireland’s Lord’s Test match against England July 23, 2019 Wednesday is a significant day for Irish cricket: a third Test match in the country’s history, a first against England, at the Home of Cricket, on television and in the midst of a swell of interest in the sport, thanks to a recently concluded World Cup and an approaching Ashes series. For Warren Deutrom the [...]
City watchdog hits Standard Life Assurance with £30m fine for annuity sales failings July 23, 2019 The Financial Conduct Authority (FCA) today fined Standard Life Assurance (SLA) £30.7m for failings around its sales of annuities. The FCA said SLA had failed to put in place adequate controls to monitor the quality of calls between its call handlers and its customers. At the same time SLA offered staff large financial incentives to [...]