CIN.L - City of London Group plc

LSE - LSE Delayed price. Currency in GBp
113.00
0.00 (0.00%)
At close: 4:30PM GMT
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Previous close113.00
Open108.50
Bid0.00 x 1000000
Ask0.00 x 1000000
Day's range108.50 - 108.50
52-week range65.00 - 108.50
Volume846
Avg. volume271
Market cap47.564M
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters - UK Focus3 days ago

    Lloyd's of London to open Brussels unit in early 2019 -CEO

    Insurance market Lloyd's of London, an integral part of the British business scene since the 17th century, is on track to start operations at its Brussels unit next January, its chief executive said on Monday. Lloyd's has been among the most vocal financial businesses on the need for a European Union subsidiary if Britain has no access to the single market after leaving the bloc and is one of the first to announce such a move. Lloyd's, which started life in Edward Lloyd's coffee house in 1688, houses more than 80 syndicates in a building in the City of London (LSE: CIN.L - news) .

  • Reuters - UK Focus6 days ago

    Barclays CEO to British PM: UK tax regime uncompetitive

    Barclays CEO Jes Staley told British Prime Minister Theresa May at a meeting of finance chiefs on Thursday that the country's tax regime is uncompetitive and more could be done to make Britain more attractive ...

  • Reuters - UK Focus7 days ago

    Cutting out Brussels middleman, UK ministers make Brexit pitch to Germany

    Facing a tough line from Brussels on what economic ties between Britain and the European Union will look like after Brexit, a pair of senior British ministers made a direct pitch to Germany to cut Britain a good deal. Finance minister Philip Hammond and Brexit minister David Davis said it made no sense for Germany or Britain to erect trade barriers that would damage businesses and economic growth on both sides of the Channel, especially in financial services, a key priority for Britain given the size of the City of London (LSE: CIN.L - news) . "Instead we should use the imagination and ingenuity that our two countries and the EU have shown in the past, to craft a bespoke solution," they wrote in a joint article published in the Frankfurter Allgemeine Zeitung newspaper.

  • Reuters - UK Focus10 days ago

    City of London says Brexit job fears may be over-egged

    British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London (LSE: CIN.L - news) financial district said on Monday. Jeremy Browne, the City's EU envoy, said UK-based firms opening hubs in the bloc after Britain leaves next year are looking for the least disruption possible. "It may end up for quite a lot of them being a bit less dramatic than it might appear," Browne said as Britain embarks on a new phase of talks with the EU over its exit.

  • Britons lose millions in online 'get rich quick' schemes
    Sky News16 days ago

    Britons lose millions in online 'get rich quick' schemes

    An online investment scam targeting people through social media has seen the amount of money lost by victims in the UK rise by 400,000% in six years. Figures from Action Fraud show the amount lost to "binary options" trading increased from £6,200 in 2012, to £27m in 2017 alone, with the total currently standing at £61m. Binary options, or fixed odds betting, are being used by fraudsters as part of a multi-billion pound industry which is believed to be co-ordinated by overseas criminals.

  • EU 'cannot cherry pick' terms of Brexit deal
    Sky News16 days ago

    EU 'cannot cherry pick' terms of Brexit deal

    Brexit Secretary David Davis has warned the EU negotiators they cannot "cherry pick" the terms of any free trade deal with Britain. In words that echo those frequently used by the bloc's chief negotiator Michel Barnier, Mr Davis said Britain would not entertain a deal that took some areas of the existing economic relationship but not others.

  • Carney warns of 'consequences' to EU banks if Brexit talks sour
    Sky News28 days ago

    Carney warns of 'consequences' to EU banks if Brexit talks sour

    Bank of England governor Mark Carney has warned that dozens of European banks face costly consequences if the UK and EU fail to achieve hoped-for cooperation over Brexit. The Bank is proposing to allow firms to continue operating as normal in London, the world's leading financial centre, after Britain leaves the EU - but said this could be jeopardised if talks turn sour. Mr Carney signalled to MPs (BSE: MPSLTD.BO - news) that it could revisit the proposals as soon as next spring - if there is a failure to agree a Brexit transition deal by the end of March.

  • Reuters - UK Focus28 days ago

    Bank of England to spare EU banks from costly rules, if Brexit goes well

    LONDON, Dec (Shanghai: 600875.SS - news) 20 (Reuters) - The Bank of England, seeking to protect the City of London (LSE: CIN.L - news) 's status as a global financial hub, said it would spare European banks costly capital rules after Brexit but warned of "consequences" if negotiations with Brussels turned sour. Ahead of a tussle with Brussels, the BoE said on Wednesday keeping Britain open to foreign banks was key for economic growth at home and in the region.

  • Reuters - UK Focus29 days ago

    Britain will fight to retain City of London's position in Brexit talks - May

    Prime Minister Theresa May said on Wednesday Britain would fight hard to preserve the City of London's position as a top global financial hub in talks to leave the European Union. Earlier the BBC reported ...

  • Theresa May rebukes EU's Barnier over 'bespoke' Brexit trade deal
    Sky News29 days ago

    Theresa May rebukes EU's Barnier over 'bespoke' Brexit trade deal

    Downing Street has hit back at the European Union as the new battle lines for a Brexit trade deal were drawn. Theresa May's spokesman expressed confidence that UK financial services would "get a good overall deal" despite Brussels' chief negotiator Michel Barnier ruling out a special offer for the City of London (LSE: CIN.L - news) . The spokesman said Britain would demand a "significantly more ambitious" agreement with Brussels than its one with Canada.

  • Theresa May demands 'creative' Brexit trade deal after 'unified' Cabinet meeting
    Sky Newslast month

    Theresa May demands 'creative' Brexit trade deal after 'unified' Cabinet meeting

    Downing Street has hit back at the EU as the new battle-lines for a Brexit trade deal were drawn. Theresa May's spokesman expressed confidence UK financial services would "get a good overall deal" ...

  • Norway or Canada? Britain weighs post-Brexit trade ties
    AFPlast month

    Norway or Canada? Britain weighs post-Brexit trade ties

    The EU's default position at the WTO involves tariffs and increased barriers that could cripple the seamless supply chains that connect Britain and the EU

  • Reuters - UK Focuslast month

    Labour could move Bank of England operations away from London

    Dec (Shanghai: 600875.SS - news) 11 (Reuters) - Britain's opposition Labour Party is considering moving parts of the Bank of England to Birmingham if it wins power at the next national election, saying the change is needed to reduce the economy's reliance on London's banking industry. Labour's would-be finance minister John McDonnell said the BoE (Shenzhen: 000725.SZ - news) 's base in London had contributed to the neglect of parts of the British economy, which suffers from big regional differences in terms of productivity, investment and incomes. "This will allow us to address some of the imbalances of decision-making that have taken place in the past," McDonnell said at the launch of a report on boosting investment.

  • Labour may move Bank of England's headquarters to Birmingham
    Sky Newslast month

    Labour may move Bank of England's headquarters to Birmingham

    Parts of the Bank of England could be moved out of its historic base in London and relocated to Birmingham under Labour if it wins the next General Election. The radical move would be designed to strengthen other regions, which have been described in a report commissioned by shadow chancellor John McDonnell as "underweighted in policy decisions". Other Labour proposals include establishing a new National Investment Bank and Strategic Investment Board in Birmingham, which is Britain's second-biggest city.

  • Reuters - UK Focuslast month

    Britain steps up battle against money laundering

    LONDON, Dec (Shanghai: 600875.SS - news) 11 (Reuters) - Britain said on Monday it would create a new national economic crime centre to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year. As a unit of the existing National Crime Agency (NCA), the centre will be tasked with coordinating a national response among the agencies that tackle money laundering and fraud and with increasing the confiscation of crime proceeds. Britain's interior minister, Amber Rudd, said the new initiative was part of a package of measures in response to a review of the country's economic crime agencies.

  • Labour mulls moving Bank of England to Birmingham
    Sky Newslast month

    Labour mulls moving Bank of England to Birmingham

    Parts of the Bank of England could be moved out of its historic base in London and relocated to Birmingham under Labour if it wins the next general election. The radical move aims to strengthen the regions, which according to a report commissioned by shadow chancellor John McDonnell, are "under-weighted in policy decisions". Its recommendations also include moving "some functions" to Birmingham - Britain's second biggest city - in the West Midlands.

  • Britain and EU reach historic deal on Brexit divorce terms
    AFPlast month

    Britain and EU reach historic deal on Brexit divorce terms

    British Prime Minister Theresa May meets European Commission President Jean-Claude Juncker in Brussels as hopes of a Brexit breakthrough mount

  • Post-Brexit London 'won't fall apart': EU's Dijsselbloem
    AFPlast month

    Post-Brexit London 'won't fall apart': EU's Dijsselbloem

    "Obviously the City (of London) is the financial centre for Europe and I think it will remain one of the financial centres of the world," said Eurogroup chief Jeroen Dijsselbloem

  • Reuters - UK Focuslast month

    Lloyds sells London headquarters to Chinese firm in lease-back deal

    LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Lloyds Banking Group said it has sold its London headquarters to a Chinese property investment company for an undisclosed price. Under the terms of the sale to Hengli Investments Holding, Lloyds will lease back the 25 Gresham Street building, which it has occupied since its construction, for the next 20 years. The sharp drop in the value of sterling following Britain's vote last year to leave the European Union has lured foreign investors into the British real estate market.

  • Reuters - UK Focus2 months ago

    UK ship insurer Britannia to set up subsidiary in Luxembourg due to Brexit

    LONDON, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - British ship insurer Britannia plans to set up a subsidiary in Luxembourg as a result of Britain's decision to leave the European Union, it said on Friday, to ensure it can continue to trade in Europe. Insurers are making contingency plans because when Britain leaves the EU on March 29, 2019, they could lose "passporting" rights that allow UK financial services firms to trade in Europe without the need for locally regulated entities. Britannia is one of 13 major global P&I (Protection and Indemnity) clubs.

  • Reuters - UK Focus2 months ago

    EU banks have cut exposure to Britain since Brexit vote

    Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union's banking watchdog said on Friday. The European Banking Authority (EBA) said banks in the EU's 27 member countries have cut exposures in terms of assets from just over 1.9 trillion euros in June 2016 when the referendum took place, to just under 1.6 trillion euros by June 2017. EBA said in a regular risk assessment report that banks are worried about a "cliff-edge" if Britain, the bloc's most important financial market, leaves the EU without an agreement on trading terms.

  • Reuters - UK Focus2 months ago

    City of London says tax take backs case for Brexit banks deal

    Britain's financial services industry paid a record 72.1 billion pounds ($96.2 billion) in tax during the past fiscal year, PwC said in a report that piles pressure on the government to secure favourable trading terms for banks after Brexit. Tax revenues in the finance sector rose 1 percent in the year to March 2017, hitting their highest level in the ten years data has been collected, the report said. It was commissioned by the City of London (LSE: CIN.L - news) , home to the "Square Mile" financial district.

  • Reuters - UK Focus2 months ago

    EU banks have cut exposure to Britain since Brexit vote

    Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union's banking watchdog said on Friday. The European Banking Authority (EBA) said banks in the EU's 27 member countries have cut exposures in terms of assets from just over 1.9 trillion euros in June 2016 when the referendum took place, to just under 1.6 trillion euros by June 2017. EBA said in a regular risk assessment report that banks are worried about a "cliff-edge" if Britain, the bloc's most important financial market, leaves the EU without an agreement on trading terms.

  • Reuters - UK Focus2 months ago

    UK ship insurer Standard Club takes Dublin route in response to Brexit

    British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialised providers to opt for Ireland (Other OTC: IRLD - news) in two days. North P&I Club, another UK regulated ship insurer, has also chosen the Irish capital for its EU subsidiary, it said on Monday. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs such as Standard (Other OTC: SNDH - news) and North could weaken other parts of the country's multi-billion pound shipping services sector.

  • EU 'ready for ambitious' trade deal amid warning for City on banking passport
    Sky News2 months ago

    EU 'ready for ambitious' trade deal amid warning for City on banking passport

    The EU's chief negotiator has said the bloc is "ready" to offer Britain an "ambitious" free trade deal - but the UK will lose one of the advantages currently enjoyed by the City. Michel Barnier said, if an agreement is to be signed after the UK leaves the single market, there has to be a "level playing field" with the EU, and the Government must not ditch European standards or so-called red tape. As a result, he added, the UK will have to lose the so-called "EU banking passport" - which allows British banks full access to the market for financial services across the bloc.

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