US insurance sector could take $20bn in losses from Hurricane Florence September 13, 2018 Hurricane Florence could cost the insurance industry more than $20bn (£15.33bn) as millions of people and businesses begin evacuating from the east coast of the US. The storm could hit North and South Carolina later today and cause devastation along the coastline. Catastrophe risk modelling company, Risk Management Solutions, said the category 4 storm could cause [...]
US insurance sector could take $20bn in losses from Hurricane Florence September 13, 2018 Hurricane Florence could cost the insurance industry more than $20bn (£15.33bn) as millions of people and businesses begin evacuating from the east coast of the US. The storm could hit North and South Carolina later today and cause devastation along the coastline. Catastrophe risk modelling company, Risk Management Solutions, said the category 4 storm could cause [...]
India: Enormous advantage for UK investors June 6, 2019 By Rodney Hobson from interactive investor. There are lots of reasons to invest in India now. Our international columnist runs through them here. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares [...]
Scottish Power to use 100 per cent wind power after £702m Drax deal October 16, 2018 Scottish Power is set to become the first major UK energy supplier to be powered 100 per cent by renewable energy after it today announced a £702m sale of its gas and hydro stations to Drax. Scottish Power had previously closed its coal powered facilities and today agreed to sell a 2,566 megawatt portfolio to [...]
Rothesay Life buys £860m of UK ‘bad bank’ mortgage loans September 27, 2018 Insurance giant Rothesay Life has bought an £860m equity release portfolio from the UK government's "bad bank", which was set up following the financial crisis. The portfolio was sold by UK Asset Resolution (Ukar), a holding company for the closed mortgage books of failed lenders Northern Rock, Bradford & Bingley and Mortgage Express. Read more: [...]
City Moves for 12 November – who’s switching jobs at UHY Hacker Young, Panmure Gordon and McCarthy Denning? November 12, 2018 Who’s on the move today? UHY Hacker Young UHY Hacker Young, the national accountancy group, has appointed Myles Jacobson as partner in its Turnaround & Recovery team in London. Myles has over two decades of experience working in insolvency and restructuring and joins from specialist business recovery practice Streets SPW, where he was a partner. He [...]
Google joins the list of firms deserting Saudi conference over missing journalist October 16, 2018 Google became the latest name in a long list of high-profile companies to drop out of an investment conference in Saudi Arabia late last night, amid building criticism of the state's handling of a missing journalist. A well-known critic of Saudi Arabia's policies, US resident and Washington Post journalist Jamal Khashoggi was last seen entering [...]
Goldman Sachs profits beat expectations as investment banking revenues jump October 16, 2018 Goldman Sachs beat expectations in the third quarter as revenues at its investment banking units surged in Lloyd Blankfein's final quarter as chief executive. The US investment banking giant beat expectations across the board, with net income of $2.45bn (£1.86bn) almost 20 per cent higher than the analyst consensus. Revenues came in at $8.65bn for [...]
Trump claims 3,000 people did not die in Puerto Rico as he defends Hurricane Maria response September 13, 2018 Donald Trump has defended his response to Hurricane Maria and claimed 3,000 did not die in the storm which devastated Puerto Rico last year. An independent study found an estimated 2,975 people died in the category 5 hurricane that hit Puerto Rico and Dominica in September last year. But President Trump has claimed only six [...]
Trump claims 3,000 people did not die in Puerto Rico as he defends Hurricane Maria response September 13, 2018 Donald Trump has defended his response to Hurricane Maria and claimed 3,000 did not die in the storm which devastated Puerto Rico last year. An independent study found an estimated 2,975 people died in the category 5 hurricane that hit Puerto Rico and Dominica in September last year. But President Trump has claimed only six [...]