Boss gives entire company pay rise to cover hike in national insurance January 31, 2022 With confirmation that Boris Johnson will be raising National Insurance by 1.25 per cent this April, a digital marketing company told City A.M. this morning it will give its entire workforce a pay rise to cover the drop in income. The founder of 71a, Edward Newman, has promised every member of his team a pay rise [...]
Telecom Plus has no plans to slow down after signing up millionth customer March 6, 2024 The FTSE 250 listed company, which provides energy, broadband, mobile and insurance services through one account, made the announcement to markets this morning.
Embattled Direct Line confirms Aviva exec Winslow as man to lead turnaround charge August 30, 2023 Adam Winslow, the head of Aviva's UK arm, will attempt to reverse a downward trend for the UK insurer Direct Line
National Insurance rise to hit City of London small businesses the hardest in UK January 30, 2022 Small businesses in the City of London will be the worst hit in the UK by the coming rise in National Insurance, according to new research shared with City A.M. Figures from the House of Commons library, and collated by the Liberal Democrats, show small businesses in the Cities of London and Westminster constituency will [...]
Post Office cratered from UK’s sixth most trusted finance brand to 135th amid Horizon scandal May 20, 2024 The Post Office has plummeted from the UK’s sixth most trusted finance and insurance brand to 135th place, pollsters have found.
‘You can’t catch a break’: Leaseholders face high insurance fees amid cost of living crisis May 12, 2022 Leaseholders have said soaring building insurance fees amount to “daylight robbery,” amid the City watchdog’s probe of the market. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In [...]
Augmentum leads fresh investment round in London insurtech Artificial Labs February 6, 2024 It will also look to entrench its position as in algorithmic underwriting software, as insurance increasingly looks towards 'digital solutions', an update to the markets said this morning.
Axa reports over £50bn in revenue amid talks to sell asset management unit for whopping fee August 2, 2024 French insurer Axa reported £50.8bn in revenue as firm enters talks with BNP Paribas to sell asset management unit for £4.3bn.
Exclusive: Six-in-ten UK small businesses forced to borrow to pay insurance premiums, new figures show May 9, 2022 Almost six out of ten (59 per cent) UK small and medium enterprises (SMEs) are relying on credit to pay their insurance costs, due to rising premiums and lower incomes linked to the impacts of Covid-19. On average, UK SMEs have borrowed £1,105 to pay for insurance costs, while nearly one in ten have borrowed [...]
Two Palestine activists arrested after they ‘sprayed paint and caused damage’ in City January 18, 2024 This comes after Kuehne+Nagel's cargo insurance firm was targeted yesterday, covered in red paint, over its alleged links to the Israeli military.