New pension freedoms leading to prolonged careers as older workers delay retirement September 27, 2015 A QUARTER of older workers could delay retirement after dipping into their pension pots, according to research from pension provider Zurich. One in four (26 per cent) of over 55s in employment said they were planning to work beyond their retirement date after using pension freedoms to release cash from their savings. More than 200,000 [...]
Jerome Valcke: Swiss authorities get access to Fifa secretary’s emails September 24, 2015 Swiss investigators were granted access to the e-mails of suspended general secretary Jerome Valcke by embattled world governing body Fifa yesterday. Valcke, outgoing president Sepp Blatter’s right-hand man, was last week relieved of his duties at Fifa pending an investigation into his involvement in a World Cup tickets scheme. It has been alleged that Valcke, [...]
London tops 2015 global financial centre rankings and knocks New York into second place September 23, 2015 London is the world’s leading financial centre according to a global study published today, after wrestling back the top spot from New York. The City benefited from renewed political certainty following May’s General Election, the authors say. Yet they warn that, despite storming back to the top of the rankings, London faces future [...]
FTSE 100 slides below 6,000 mark as Glencore, Antofagasta and Anglo American share price falls September 22, 2015 Britain's blue-chip index slid below the 6,000 mark this afternoon, the first time since August, as a rout in commodity prices weighed on miners. The FTSE 100 closed down 2.8 per cent to 5,940.72, as copper prices which struck a two-week low and Credit Suisse downgraded the sector. "Until China demand and emerging market currencies find [...]
FTSE gains held back by miners and RSA’s woes – London Report September 22, 2015 TOP UK shares gained yesterday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling. The FTSE 100 was up 0.1 per cent at 6,108.71 points at its close after falling in the previous two sessions. Pan-European equities were up 1.1 per [...]
RSA Insurance Group’s share price plunges as Zurich tells RSA: It’s not you, it’s us September 22, 2015 RSA Insurance Group’s share price plunged yesterday after rival firm Zurich revealed it was walking away from a £5.6bn takeover bid. RSA’s share price closed down 20.84 per cent as investors digested the shock news. Zurich’s share price was also down, albeit a less remarkable 2.79 per cent. Zurich said it was abandoning [...]
RSA share price plummets 20 per cent as Zurich Insurance says talks are off for possible takeover September 21, 2015 RSA Insurance Group's share price plunged this morning after rival firm Zurich revealed it was walking away from the £5.6bn takeover bid. RSA's share price was down 21.9 per cent in early morning trading as investors digested the shock news. Zurich's share price was also down, albeit a less remarkable 2.3 per cent. Zurich [...]
If you want an iPhone 6 quickly move to NY City September 18, 2015 Londoners have to work an average of 41.2 hours to be able to buy an iPhone 6 – far more than their counterparts in New York City, LA, Miami, Chicago, Zurich or Geneva, where it takes less than 30 hours to notch up enough readies to splurge on the smartphone. And according to UBS’ Prices [...]
UK insurance sector shakeup puts spotlight on Association of British Insurers September 18, 2015 Britain's insurance market has undergone massive changes over the past year, and a series of megadeals recently taking place in the sector is just one sign of how companies are scrambling to protect themselves against new policies impacting the industry. Chancellor George Osborne famously shook up the market with his 2014 Budget, when he [...]
Most expensive cities in the world: Londoners work longer than people in New York, Los Angeles, Luxembourg and Geneva to buy an iPhone 6 (and a Big Mac) September 17, 2015 We all know that London life can be expensive, not least when you factor in the cost of housing, but it turns out we have to slog it out at work to afford that most prevalent possession: our iPhones. Londoners have to work an average of 41.2 hours to be able to buy an iPhone [...]