The City’s last open outcry trading ring – at the London Metal Exchange (LME) – could close after 144 years. The site where traders shout at each other across the floor to set the world’s metal prices has been shut since Covid struck in March. But bosses at the LME now believe it is the … Read more
London Metal Exchange to close ‘open outcry’ trading ring after 144 years after Covid forces it to modernise By Daily Mail City & Finance Reporter Published: 22:55 GMT, 19 January 2021 | Updated: 22:55 GMT, 19 January 2021 The trading ring at the London Metal Exchange (LME) could close after 144 years. The site where … Read more
ALEX BRUMMER: Upgrade for London trading as the EU waves through LSE’S £22bn merger with former Reuters platform Refinitiv By Alex Brummer for the Daily Mail Published: 23:03 GMT, 13 January 2021 | Updated: 23:04 GMT, 13 January 2021 Those who doubt the resilience of the City outside the EU have received a sharp reminder … Read more
Sainsbury’s records £330million profit for 2020 after Christmas and Black Friday trading surge with 1.1MILLION online orders in the 10 days before Christmas Britain’s second largest supermarket chain thought profit would be £50m less Huge sales from Black Friday and just before Christmas catapulted revenue up Sainsbury’s also owns Argos, which saw sales rise 8.4% … Read more
Sainsbury’s records £330million profit for 2020 after Christmas and Black Friday trading surge with 1.1MILLION online orders in the 10 days before Christmas Britain’s second largest supermarket chain thought profit would be £50m less Huge sales from Black Friday and just before Christmas catapulted revenue up Sainsbury’s also owns Argos, which saw sales rise 8.4% … Read more
The London stock market soared to a nine-month high today as investors gave a thumbs-up to Britain’s post-Brexit trade deal with the European Union. The FTSE 100 was up by 2.58 per cent or 168 points to 6,670 this morning, in its first day of trading since the dramatic agreement was reached on Christmas Eve. This … Read more
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. A.J. writes: I am concerned about a scheme currently being promoted in the UK and around the world, … Read more
Britain today signed an interim deal with Canada as negotiators rush to cement trading relationships in preparation for life outside the EU. In a relief for businesses fearing high tariffs, the Government said the agreement paves the way for negotiations to begin next year for a new deal with Canada. Under the terms of the … Read more
A former Goldman Sachs and UBS banker who is accused of trading confidential financial information to the ex-wife at the centre of the UK’s record £453 million divorce settlement faces a criminal investigation in Switzerland, following a dossier passed to prosecutors by lawyers acting for Farkhad Akhmedov and his son, Temur. British-born Ross Henderson, who … Read more
Bell tolls for historic Lloyd’s trading room: It could end up ‘like coffee shop again’ in huge revamp, says chairman The competitiveness of Lloyd’s is seen as crucial to the City’s status as a leading financial centre Chairman Bruce Carnegie-Brown said Lloyd’s ‘started as a coffee shop and it might end up looking more like … Read more