City London Financial News

29.11 / 15:39
Charity awards community Celebrity Diversity inclusion On the night gallery: Women in Investment Awards 2024
Our winners were celebrated at a special ceremony in London on 27 November, hosted by comedian Lucy Porter. This year's charity for the evening was The Girls' Network, which works to inspire and empower girls from the least advantaged communities by connecting them with a mentor and a network of professional role models who are women. Now in their eighth year, the Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry. This year, we were delighted to receive 924 nominations f...
28.11 / 11:41
Charity awards community Diversity inclusion Investment Week reveals winners of Women in Investment Awards 2024
Our winners were honoured at a special ceremony in London on 27 November, hosted by comedian Lucy Porter. This year's charity for the evening was The Girls' Network, which works to inspire and empower girls from the least advantaged communities by connecting them with a mentor and a network of professional role models who are women. Now in their eighth year, the Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry. They recognise women who are supporting others and are havi...
27.11 / 21:33
markets COST UPS Citi Landmark Bill Fishing Landmark fish and meat markets in London to close, ending 1,000 years of tradition
Two of London’s most famous markets — one selling fish, the other meat — are set to close in the coming years, bringing an end to traditions stretching back to medieval times
26.11 / 17:27
markets UPS Citi LGBT community Diversity Pride Berlin's traditional Christmas markets reflect its growing diversity
Berlin's more than 100 Christmas markets are opening across the city this week, and organizers are taking an increasingly diverse approach
24.11 / 06:15
FIVE Booking Duke wellness trends show blues How the martini became the world’s most iconic cocktail
Subscribe to enjoy similar stories. AT DUKES BAR in London there is a limit of two martinis per person. Enrico Chiappini, one of the bartenders, says that in his 16 years he has made almost no exceptions.
22.11 / 15:03
markets UPS Digital Google Strategy Investigations US embassy in London reopens after suspicious 'hoax' item found
suspicious package left outside the U.S. embassy in London, which was blown up in a controlled explosion, was a hoax device, according to its initial indications. Police had earlier carried out a controlled explosion near the embassy building, a 12-storey purpose-built glass cube in Nine Elms, south London, and cordoned off some areas. The embassy later returned to normal operations.
22.11 / 14:37
Provident JPMorgan Santander Fishing reports Investigations International Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking
Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests
22.11 / 10:29
markets awards wellness performer Investment Week reveals winners of Investment Company of the Year Awards 2024
The winners were announced at a special ceremony in London on 21 November hosted by presenter Declan Curry, which brought together key players from across the investment company sector. Now in their 26th year, Investment Week's Investment Company of the Year Awards have a proud history of rewarding excellence in closed-ended fund management. The awards highlight managers in this important part of the market who have delivered consistently strong performance for investors across a variety of sectors and the judges believe can continue to perform well in the future. Shortlists for th...
21.11 / 14:21
COST Art Man Sustainability Bill love $344 for a coffee? Scottish farm is selling UK's most expensive cup
A Scottish dairy is making the audacious bid to sell what it’s calling Britain's most expensive cup of coffee
21.11 / 06:25
Citi Waves Art country 2020 International Profiles Prabhavathi Meppayil: An artistic practice that defies genres
Subscribe to enjoy similar stories. Coinciding with the recently held Art Mumbai, Jhaveri Contemporary opened Prabhavathi Meppayil’s eponymous first solo exhibition in Mumbai after 17 years. While Bengaluru-based Meppayil has kept a relatively low profile in her own country, she has been making waves internationally over the years.
21.11 / 05:49
Death band show beautiful song singer gatherings Liam Payne funeral: One Direction bandmates, family, friends gather in London
The former members of boy band One Direction were among the mourners at the funeral of their band mate Liam Payne on Wednesday, just over a month after he died aged 31.
20.11 / 16:59
markets Apple Experts PAM Inside reports Relationships Surface Season 2: Is the release date revealed? Here’s what to expect
Starring Gugu Mbatha-Raw, who also serves as an executive producer, Surface tells the gripping tale of Sophie, a woman grappling with memory loss following a traumatic head injury, initially believed to be from a suicide attempt, as mentioned in a report by TV Insider. However, as Sophie explores into her past, she begins to uncover unsettling truths about her life.
20.11 / 00:47
markets UPS Citi JPMorgan Inside reports Citi bankers fear Vis Raghavan’s JPMorgan hiring aspirations are being unleashed
It will be a while before Vis Raghavan becomes a veteran at Citi, but after nearly six months as the US bank’s global head of banking and executive vice chair, he’s presumably at last about to exceed his notice period. 
19.11 / 09:05
markets UPS Digital Experts country reports Rajeev Misra’s OneIM upsizes to $8 billion to boost investments
SoftBank Vision Fund’s former co-chief executive officer Rajeev Misra, has upped its size by more than $1 billion this month to support its growing operations as it opens offices in countries such as Japan and India, according to people familiar with the matter. The fundraising has increased OneIM’s size to $8 billion, the people said, asking not to be named as the information is not public. The two-year-old fund plans to open an office in New Delhi, adding to its presence in New York, London, Abu Dhabi and Tokyo, they said. OneIM is backed by Abu Dhabi conglomerate Royal Group and Mubadala Investment Co., one of the emirate’s sovereign wealth funds, Bloomberg News reported earlier. The investment vehicle will look for lending and investment opportunities globally, and some of these deals could be in partnership with its existing backers, the people said.
18.11 / 16:03
markets Nick Train eyes new investments as he praises Rightmove for rejecting REA takeover bid
In Finsbury Growth & Income's (FGT) October factsheet, the manager said there are «several attractive candidates» that the trust is monitoring, with «tactical opportunities» in the UK market for «a new holding, or two».  The new positions will be funded by a «gradual increase in cash» that has resulted from selling some of the portfolio's exposure in London Stock Exchange and RELX following share price gains over the month.  Train said that FGT would buy more shares in both companies if it could. However, with holdings in LSEG and RELX representing 13.5% and 12.7% of the portfolio, re...
18.11 / 08:55
Courts High Court rules London Capital & Finance operated as Ponzi scheme
Between 2013 and 2018, LCF raised £237m from 11,600 retail investors, claiming to lend the funds to UK SMEs after rigorous due diligence. Instead, much of the money was funnelled to connected companies in the London Group, led by former LCF director Michael Thomson and associates. Bondholders were misled about these connections and the payment of 25% commissions to sales agent Surge Financial. The Court concluded that LCF relied on funds from new investors to pay existing bondholders, effectively operating as a Ponzi scheme. Over £136m was misappropriated, with £75m routed throu...
18.11 / 08:05
Ethereum cryptocurrency market crypto regulation Bitcoin spot bitcoin ETF Bitcoin speculative fervor cools, traders await Trump's next steps
Bitcoin since Donald Trump’s US election victory is moderating both in the spot and derivatives markets. The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts. The token later pared back some of its losses trading at $90,265 as of 12:11 p.m. in London.
17.11 / 16:15
Citizens community students dance Schools Sudha Murty praises son-in-law Rishi Sunak's 'good Indian cultural values'
Sudha Murty has spoken of her pride in son-in-law Rishi Sunak, a British citizen with «good Indian cultural values» imbibed from his parents' upbringing in the UK. Murty joined Sunak and her daughter Akshata Murty as the guest of honour at Bharatiya Vidya Bhavan's annual Diwali gala in London on Saturday evening. The parents of the British Indian former prime minister, Usha and Yashvir Sunak, were also in the audience as Bhavan UK students showcased a variety of Indian classical music and dance forms. «I always believe when you are abroad, your parents must do two things: one is good education, which gives you wings in return and you can fly anywhere and settle; the second is great culture, your origin which is Indian origin or roots which you can get at Bharatiya Vidya Bhavan along with your parents,» said Murty, delivering her keynote address.

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