UK insurers brace for major Hurricane Milton set to hit Florida October 7, 2024 Shares in London-listed insurers dropped on Monday as the market braces for costs tied to Hurricane Milton, a major storm expected to hit Florida by Wednesday.
Budget: Rachel Reeves set to drop pensions tax raid plans, per report October 7, 2024 Rachel Reeves is reportedly set to drop plans for a tax raid on pensions over fears it could unfairly affect public sector workers. The Chancellor has been warned that a scheme to reduce the 40 per cent tax relief on higher earners could disproportionately impact teachers and nurses, the Times reported. Treasury officials told Reeves [...]
Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid October 6, 2024 Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.
Uswitch sales boosted as customers move car and home insurance providers October 4, 2024 Helping customers switch their car and home insurance providers saw sales surge at price comparison website Uswitch, it has been revealed. The London-based business has reported a turnover of £79.8m for 2023, up from the £63.2m it achieved in 2022. Newly-filed accounts with Companies House also show the firm’s pre-tax profit improved from £7.3m to [...]
Watches of Switzerland snaps up US media firm in online luxury push October 4, 2024 Watches of Switzerland has acquired New York-based media company with editorial focus on wristwatches, as the luxury watch seller aims to gain online growth
Telecom Plus: Utility Warehouse provider continues growth streak October 3, 2024 Multi-service utility, internet and insurance firm Telecom Plus has reported a third consecutive year of double-digit growth. The FTSE 250 listed company, which provides energy, broadband, mobile and insurance services through one account, said that just over 1m households were now taking their essential home services from the firm. Telecoms Plus said that its customer [...]
How Conservatives won World War Two October 3, 2024 World War Two is meant to be ‘the people’s war’ in which ordinary people rose up, saved the nation and swept the Labour party to victory in 1945. That story is at best misleading and at worst untrue, says Kit Kowol The Second World War was the Tories War. Other than describing a love of [...]
Tesla shares stall as Musk delivers fewer EVs than expected October 2, 2024 Tesla shares fell over 5.4 per cent on Wednesday after the electric vehicle (EV) company’s third quarter deliveries came in south of expectations. Elon Musk’s company shipped 462,890 EVs in the three months to 30 September, up 6.4 per cent from the previous quarter, making it the first deliveries increase this year for the car maker. However, [...]
World’s largest insurers head to court for high-stakes clash October 2, 2024 A multi-billion pound trial over stranded aircraft in Russia kicked off this morning in a jam-packed courtroom
City minister battles for UK to issue blockchain gilts October 2, 2024 City minister Tulip Siddiq is pushing for the UK to begin issuing gilts on the blockchain, despite resistance from other areas of the government. ‘Digital gilts’ would be a government bond issued and traded using blockchain technology, and Siddiq has been fighting for the prospect to modernise the UK financial system. “The underlying asset would [...]