UK floods insurance bill will be £1.3bn, estimates Association of British Insurers May 25, 2016 The final bill for all repairs arising out of the floods caused by storms in December 2015 is expected to hit £1.3bn, according to new research from the Association of British Insurers (ABI). A series of storms – named Desmond, Eva and Frank – hit the UK over the Christmas period, causing a series of [...]
As Brexit campaigns heat up, Ukip urges eurosceptics to stock up on campaigning clobber May 24, 2016 Get them while they're hot. Whether it's sub-par household electronics or musical tributes, the campaign to leave the EU has been colourful, to say the least. "Now is the time to really stress the importance of the referendum and raise awareness of the issues" is the word from the UK Independence Party (Ukip) as the [...]
Wolseley gives PwC the flush June 22, 2015 THE WORLD’S largest plumbing supplies group Wolseley yesterday said it was changing auditors and hiring Deloitte to carry out its statutory audits, instead of rival PwC. PwC has been the FTSE 100 company’s auditor since before it was listed in 1961 and the change, which is subject to approval by shareholders at the 2015 AGM, [...]
PwC pays tribute to employee Ying Tao after Bank cycling death July 31, 2015 Price Waterhouse Coopers (PwC) has offered a glowing tribute to the 26-year-old cyclist, who was killed by a lorry outside Bank yesterday. Ying Tao was hit by a tipper truck just before 9am yesterday. She was in a serious condition when emergency services arrived, and died at the scene. Ying Tao, who died after a [...]
JP Morgan Cazenove loses its long-standing lead over Bank of America Merrill Lynch in FTSE 100 stockbroking stakes May 31, 2016 JP Morgan Cazenove has lost its long-held position as the top stockbroker for FTSE 100 companies. The bank's crown has been taken by Bank of America Merrill Lynch, new figures from Adviser Rankings show. JP Morgan Cazenove has topped the FTSE 100 rankings every year since Adviser Rankings began compiling the list as part of its [...]
These are the UK’s most attractive employers May 13, 2016 Rolls Royce has topped a list of big companies that Britons want to work for. The automotive aerospace giant fared well on criteria such as salary and employee benefits, long-term job security and a pleasant working atmosphere. British Airways and Marks & Spencer took second and third place respectively, followed by car companies BMW and Jaguar Land [...]
Should Philip Hammond call an early Autumn Statement? August 5, 2016 The mighty economic salvo unleashed by the Bank of England yesterday has heaped pressure onto the government to pull its weight in supporting the UK economy in the wake of the Brexit vote. Mark Carney, George Osborne, the Labour Party and a host of analysts and businesses called on the chancellor Philip Hammond to step up [...]
What Brexit means for London’s insurance industry June 24, 2016 The UK's decision to leave the EU might not immediately cause serious damage to London's reputation in the insurance industry, but the result does raise serious questions around regulation and access to the wider market. In a statement released shortly after the result of the vote was revealed, Lloyd’s chairman John Nelson said that he was "confident" [...]
Insurers predict they will need to cut costs over the next few months as competitors with a technology focus creep into their market place March 29, 2016 General insurers expect to see their profitability sink over the next three months, despite also predicting a rise in premiums, a study out today has found. The survey by the Confederation of British Industry (CBI) and PwC discovered that insurers, particularly those dealing with general insurance, are increasingly worried about competition from startup InsurTech companies and are [...]
Summer reading: Four leading UK economists offer their book recommendations August 10, 2016 With its political and economic ructions, this summer has been anything but sleepy. If you’re looking for some holiday reading to prepare you for the year ahead, City A.M. has asked four of the UK’s leading economists to offer their recommendations. Tim Harford writes the Undercover Economist column for the FT and is presenter of More [...]