Vodafone feels the pressure after activist investor Cevian builds a stake January 31, 2022 Voadafone is expected to speed up an organisational overhaul after it was revealed that a notorious activist investor had taken a stake in the firm.
Homeowners could still sue for damages amid leasehold ground rent reforms June 24, 2021 Even though Persimmon Homes and Aviva have agreed to change the way they operate in regard to leaseholds and ground rent charges, homeowners could still be entitled to compensation, according to legal experts. Following a recent investigation by the Competition and Markets Authority (CMA), house builder Persimmon will allow its leaseholders to buy the freehold [...]
Women sentenced after faking husband’s death for £400,000 insurance claim March 15, 2021 A woman from London faces two years imprisonment after she reported her husband dead in an attempt to defraud her insurer £397,153. Thuile Bhebhe, 51, reported that her husband had died in Zimbabwe in August 2016, submitting false documents to her insurer, Aviva, in order to substantiate her claim. But discrepancies in the paperwork submitted [...]
Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling May 17, 2022 A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]
Crest Nicholson sells stake in Surrey film studio for £45m May 14, 2021 UK property developer Crest Nicholson has sold its 50 per cent stake in a film studio joint venture for £45m. Crest Nicholson, which usually focuses on house building, said it has entered into an agreement with JV partner Aviva to sell its share of Longcross Studio in Surrey. The transaction, which is expected to complete [...]
Reasons to be positive about the Chancellor’s Mansion House Reforms July 13, 2023 Lord Holmes examines this week's Mansion House reforms where he welcomed significant potential, and reasons for optimism.
IMF “monitoring developments” in UK after currency fall and mini-budget September 27, 2022 The International Monetary Fund gave Kwasi Kwarteng and Liz Truss a slap on the wrist this evening, with a spokesman saying it did not “recommend large and untargeted fiscal packages” amid inflation concerns. The warning from the IMF comes after another day of currency fluctuations, triggered by a so-called ‘mini budget’ of tax cuts announced [...]
UK underwriting vacancies hit record highs in 2021 as insurers sought to revisit policies March 14, 2022 The number of vacancies for underwriting positions hit all-time highs in 2021, following a surge in hiring last year, as insurers sought to protect themselves against the potential for ruinous “black swan” events in the wake of the global pandemic. All in all, a record 2,100 underwriting vacancies were advertised last year, according to new [...]
Editorial: The activists are a welcome sign of faith in the City’s future January 31, 2022 The City is not always portrayed well in the wider media, but a certain kind of Square Mile institution was rather effectively deployed at the beginning of Monty Python’s The Meaning of Life. The Crimson Permanent Assurance, a “once proud family firm fallen on hard times,” fights back against its new ownership by the Very [...]
Action by competition watchdog frees leaseholders from costly contract terms December 22, 2021 Leaseholders of housebuilder Taylor Wimpey will no longer be subjected to ground rents that double every ten years after action by competition watchdog.