WHAT THE OTHER PAPERS SAY THIS MORNING July 11, 2011 FINANCIAL TIMES INSURERS TO FUND POLICE TEAM IN FRAUD CRACKDOWN Insurers are to spend £8.2m funding a specialist police unit that will be dedicated to cracking down on the growing problem of insurance fraud, which costs an estimated £2bn a year. A new unit of 35 specialist fraud detectives and police support staff will be [...]
Stocks suffer on global growth fears June 6, 2011 Stocks have fallen this morning on a hangover from weak US employment data on Friday, and falls in Asian markets overnight. US non-farm payroll data showing just 54,000 new jobs were created in May shocked the markets, leaving the Nasdaq 1.5 per cent lower. In Asia, the Nikkei fell to an 11-week closing low today [...]
Stocks suffer on global growth fears June 6, 2011 Stocks have fallen this morning on a hangover from weak US employment data on Friday, and falls in Asian markets overnight. US non-farm payroll data showing just 54,000 new jobs were created in May shocked the markets, leaving the Nasdaq 1.5 per cent lower. In Asia, the Nikkei fell to an 11-week closing low today [...]
Leicester Tigers consider IPO April 12, 2011 Leicester Tigers are plotting an initial public offering (IPO) to raise more than £4.4m to develop their stadium. Rugby league’s Aviva Premiership champions had planned an IPO two years ago, but are now reviving the plans to pay for work at their Welford Road ground. The fundraising would help to build a multi-storey car park [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR June 27, 2011 ON the back of the Office of Fair Trading launching its investigation into the market dominance of the “Big Four”, it’s never been more important for professional services firms to prove their worth. Never far from the centre of the City’s biggest deals, strategic reviews and financial reports, our shortlisted entrants are favourites of UK [...]
FTSE lifted by commodities and Man Group May 26, 2011 The FTSE rose today as commodity stocks received a lift while a series of positive corporate results helped to boost investor sentiment. As G8 leaders gathered in France with the future leadership of the IMF and the eurozone debt crisis at the heart of the talks, global markets regained some lost confidence. Investors once again [...]
Aviva hunts for Sharman’s replacement September 16, 2010 INSURANCE group Aviva has begun its search for a new chairman in time for Colin Sharman’s planned departure in 2013, people close to the company confirmed yesterday. Potential candidates for the job include former Aviva chief executive Richard Harvey, outgoing Barclays chief executive John Varley and ex-financial services minister Paul Myners. Myners declined to comment, [...]
Impressive results that should give the share price a much-needed lift March 3, 2011 AVIVA’s results and strategy update should cheer investors for several reasons. The winter weather that has hindered other insurers’ results didn’t even dent its £2.4bn pre-tax profit. Its strength in life insurance and commitment to cost-cutting are welcome, particularly against a backdrop of new regulation such as the ban on using gender in insurance calculations [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]
Tesco names City grandee as new chair May 11, 2011 TESCO yesterday announced that Sir Richard Broadbent will become its next chairman. Sir Richard (pictured), who is deputy chairman at Barclays, will join Tesco as a non-executive director in July. He will take over the reins from Tesco chairman David Reid, who retires in November. The City grandee was tipped to take over at insurer [...]