UK’s lowest-paid workers face highest jobless risk: research
Britain’s lowest-paid workers, already hardest hit by the COVID-19 pandemic, will be most at risk from expected rises in unemployment and job insecurity later this year, researchers said on Monday.
LME plans to replace LMEselect with HKEX Orion trading platform
London Metal Exchange plans to replace its LMEselect trading system with its owner Hong Kong Exchanges and Clearing’s Orion platform, CEO Matt Chamberlain said on Tuesday.
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday.
FTSE 100 drops as commodity stocks weigh, inflation doubles
London’s FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears that the central bank may tighten its monetary policy earlier than expected.
UK’s Gove refuses to say how London will handle Scottish independence drive
Senior British minister Michael Gove refused to say on Sunday how the government would react if the Scottish parliament were to pass a bill calling for a referendum on independence from the United Kingdom. Pro-independence parties won an overall majority in the Scottish parliament in elections held on Thursday. First Minister and Scottish National Party […]
London Heathrow Airport’s COVID losses balloon to $3.4 bln
Heathrow, Britain’s biggest airport, said on Thursday a first quarter loss of 329 million pounds ($459 million) took total losses since the start of the pandemic to nearly 2.4 billion pounds as travel continues to be hammered. It said only 1.7 million passengers travelled through the London airport in the three months to March 31, […]
Shell expects at best steady fuel sales for first quarter
LONDON (Reuters) – Royal Dutch Shell expects its fuel sales to fall or at best be broadly steady for the first quarter as some coronavirus restrictions ease, the world’s biggest fuel retailer said in a trading update on Wednesday. Shell said it saw refined oil product sales at 3.7-4.7 million barrels per day (bpd) for […]
Exclusive-HSBC moves more than 1,200 UK staff to permanent home working
LONDON (Reuters) – HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks are locking in changes to employees’ work patterns as a result of the pandemic to cut costs. Around 70% of the bank’s 1,800 call centre staff based […]
Deliveroo IPO puts London’s tech credentials to the test
LONDON (Reuters) -When food delivery firm Deliveroo joins the London stock market on Wednesday, it will be Britain’s biggest listing in a decade, even though some of the country’s leading investors – worth over $1 trillion between them – will be conspicuous by their absence. British Finance Minister Rishi Sunak has hailed the company’s decision […]
