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 [...]
BT chair Jan du Plessis steps down to ‘focus on other interests’ March 1, 2021 BT chair Jan du Plessis will step down from the board less than four years after joining the telecoms firm. The former Rio Tinto chair joined BT as a non-executive director in June 2017 and was appointed chair that November. Prior to his role at the telecoms giant, du Plessis was chairman of SABMiller when [...]
Wall Street opens lower while FTSE plunges to snap June winning streak June 3, 2021 Wall Street’s main indexes opened lower today as investors weighed up data showing a pick up in jobs growth for cues on the trajectory of inflation. The Dow Jones Industrial Average fell 0.7 per cent at the open, while the Nasdaq Composite shed 1.3 per cent. Meanwhile, the S&P 500 dropped 0.8 per cent to [...]
Slowing US labour market recovery tempers Wall Street August 4, 2021 US shares dropped sharply on Wednesday morning after weaker than expected payrolls data tempered investor sentiment. The blue-chip S&P 500 dipped 0.42 per cent to 4,404, while the Dow Jones was clipped 0.78 per cent to 34,848. The tech-heavy Nasdaq edged down 0.06 per cent 14,752. Read more: Demand ‘peaks’ as US services recovery slows [...]
FTSE 100 closes in the red as Astrazeneca doubts weigh on index March 15, 2021 The FTSE 100 closed in the red this afternoon as growing doubt over the efficacy of the Astrazeneca vaccine weighed on hopes for a swift economic recovery from the pandemic across Europe.
Flutter: Gambling industry is listening, and responding, to addiction concerns February 12, 2021 This week sees the close of the Gambling Commission’s consultation on customer interaction, which includes proposals to set stricter affordability assessments for UK online punters. It is an important issue for anyone with a view on gambling and will be a significant part of the Government’s review into the Gambling Act which is currently calling [...]
UK’s gambling black market has doubled since 2018: PwC February 5, 2021 The number of British consumers gambling on unlicensed websites has doubled in the last three years, according to a new study by PwC. The report found a steep rise in customers using offshore websites, despite these platforms being less visible on Google and with little evidence of growing public awareness of black market brands. PwC [...]
FTSE 100 off to strong start to 2021 but Wall Street slips from record highs January 4, 2021 The FTSE 100 got the year off to a strong start today, bursting through the 6,600 point mark this morning, before closing the day up 1.8 per cent. However, Wall Street slipped back from record highs as the world’s markets got 2021 off to a fast start. In the first session of the new year [...]
City Moves: Who is switching jobs in the Square Mile this week? March 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we have seen a flurry of new hires across the capital. From a Ritz chairman joining an intelligence firm, to a former Knight Frank executive taking on a leading residential role [...]