The Week Ahead: March kicks off with the Budget, Aviva, Zoom and Vroom March 1, 2021 March has arrived and City A.M. looks at what the first week of this month has in store. First of all, of course, there is the Budget this Wednesday. It’s the most important week of the year for Chancellor Rishi Sunak as he outlines the outlook for the UK economy over the next few months. He [...]
Vodafone to shrink again as it agrees £6.8bn offload of Italian division February 28, 2024 Vodafone has taken the next step in a radical restructuring of the group, agreeing to offload the Italian arm of the company in a multi-billion deal.
Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Aviva reports record group protection sales as it sells off Italian business March 4, 2021 Insurance giant Aviva has reported operating profit remained stable even in the face of the pandemic amid a sale of its Italian and French division. The insurer reported operating profit of £3.16bn while its core business cash remittances rose marginally to £1.4bn. The FTSE 100 company said it had delivered record sales in group protection [...]
UK car insurance costs likely to rise for another two years, report says June 12, 2023 UK car insurance costs are set to rise for at least another two years, according to a new report. The price for Brits to insure their cars is expected to rise 14 per cent in 2023 and will not flatten until 2025, according to a report by consultancy Oxbow Partners. It comes as inflation has [...]
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Shaftesbury secures £200m loan as property giant juggles debt arrangements August 14, 2023 Newly formed London property giant Shaftesbury Capital has launched a new 10-year loan of £200m secured against a portfolio of assets within the Carnaby estate. The major London landlord said the financing highlights the “attractiveness” of the company’s mainly retail and leisure portfolio to a “broad range of institutional capital”. The loan will sit alongside [...]
FTSE 100 close: London ends week higher after US jobs growth smashes forecasts October 6, 2023 London markets opened higher this morning despite a fall in house prices for the sixth consecutive month in a row.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Gareth Southgate set to speak at Starmer’s flagship investment summit October 9, 2024 Gareth Southgate and the boss of Aviva will be among the headline speakers at the government’s global investment summit next week as Keir Starmer looks to flaunt the country in front of international financiers. In a programme outlining the schedule, sent to attendees this evening, the government said sessions would cover the new government’s “vision [...]