Silence isn’t necessarily golden, but the handcuffs are June 21, 2012 CAN Invensys blame the market for not entirely believing the engineer’s belated assurances yesterday that “there are no other discussions taking place in relation to an offer for the group”? On Wednesday, the British firm’s shares soared by more than a quarter, but the firm stubbornly refused to comment on this extreme price action. Its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 1, 2012 FINANCIAL TIMES Iron Maiden star runs to the valleys Iron Maiden frontman Bruce Dickinson has been urging heavy metal fans to “Run to the Hills” since the 1980s, but the rock anthem may be recast as “Run to the Valleys” as he announced plans to open an aviation centre in South Wales that could bring [...]
Cameron calls on insurers to cut premiums February 13, 2012 DAVID Cameron will today announce plans to reduce insurance premiums by cutting red tape, reducing legal bills and tackling the high number of spurious claims. Proposals include a plan to reduce the number of whiplash claims by enforcing a higher evidence threshold for injuries and cutting the £1,200 fee that lawyers can earn for small [...]
Cameron calls on insurers to cut premiums February 13, 2012 DAVID Cameron will today announce plans to reduce insurance premiums by cutting red tape, reducing legal bills and tackling the high number of spurious claims. Proposals include a plan to reduce the number of whiplash claims by enforcing a higher evidence threshold for injuries and cutting the £1,200 fee that lawyers can earn for small [...]
Insurers demand state support for flood cover January 31, 2012 THE ASSOCIATION of British Insurers (ABI) has warned that up to 200,000 households in England and Wales will struggle to obtain flood insurance when a voluntary agreement ends next summer. The organisation is urging the government to act fast and develop an insurance solution for homes that are considered to be at “high risk” of [...]
Insurers demand state support for flood cover January 31, 2012 THE ASSOCIATION of British Insurers (ABI) has warned that up to 200,000 households in England and Wales will struggle to obtain flood insurance when a voluntary agreement ends next summer. The organisation is urging the government to act fast and develop an insurance solution for homes that are considered to be at “high risk” of [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
EasyJet wins bonus support February 8, 2012 EASYJET’S war of words with major shareholder Sir Stelios Haji-Ioannou shows no signs of a cease-fire as the no-frills airline approaches its shareholder meeting later this month. The carrier yesterday welcomed support from the Association of British Insurers and investor group ISS for its executive pay package. Advice from these influential groups gives easyJet a [...]
CITY MOVES | WHO’S SWITCHING JOBS January 12, 2012 Association of British Insurers The ABI board has appointed Robert Talbut, chief investment officer of Royal London Asset Management, as chairman of the ABI investment committee. Previously the committee’s deputy chairman, he takes over from Alain Dromer, CEO of Aviva Investors. Talbut is a member of the Listing Authority advisory committee and an alternate on [...]