Snakes and Ladders: Who is moving jobs in the City this week? November 25, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
Did a monkey break your smartphone? Aviva reveals its most unusual insurance claims April 10, 2019 A horse mounting a car after mistaking it for a female companion, a monkey smashing a holidaymaker’s phone and a gorilla biting a trekkers arm, were just some of claims paid out by insurance giant Aviva last year. The insurer paid out more than £3.8bn last year as the Beast from the East and airport [...]
Mark Kleinman: Aviva’s missed deadline ensures brickbats February 15, 2019 Viva Aviva? For such a stalwart of blue-chip boardrooms, Sir Adrian Montague suddenly can’t put a foot right. Four years after taking over the chairmanship of Aviva when John McFarlane scuttled off to Barclays, he’s ended up in a rather large pickle of his own making. Sacking Mark Wilson as the insurer’s chief executive last [...]
UK GDP soars in second quarter as Covid unlocking turbo-charges economy : CityAM August 12, 2021 The burst in consumer spending triggered by the gradual lifting of Covid prevention measures in April and May boosted the UK economy in the second quarter, according to fresh official data released today. Figures from the Office for National Statistics reveal the UK economy grew 4.8 per cent in the second quarter of this year, [...]
FTSE 100 firms ‘should have one BAME board member by 2021’ October 1, 2020 FTSE 100 firms should have at least one black, Asian, or minority ethnic (BAME) member on their boards by 2021, the Confederation of British Industry has said. The CBI is set to launch its Change the Race Ratio campaign later this month with support from companies including Aviva, Brunswick, Deloitte and Microsoft, in a bid [...]
Aviva names insurance veteran as new CEO as it aims to boost shareholder returns March 4, 2019 Aviva has appointed a new chief executive five months after sacking former boss Mark Wilson, saying it had “much further to go” to enhance shareholder value. The insurer has named company veteran Maurice Tulloch as its new boss effective immediately, who will leave his position as boss of Aviva’s international business. I am honoured to [...]
Shares in insurance firms rise despite court ruling on business interruption claims September 15, 2020 Shares in UK insurance firms remained resilient this afternoon, even as the High Court ruled some firms will have to pay out on the disputed business interruption policies. Insurers may have to pay out to hundreds of thousands of British firms who had business interruption claims turned down during the pandemic. The Court ruled on [...]
Record rise in redundancies as firms battle coronavirus crisis October 13, 2020 Redundancies soared to the highest level in more than a decade, rising by a record 114,000 between June and August, due to the impact of the coronavirus crisis. The latest figures from the Office for National Statistics showed that redundancies increased by 113,000 on the year, and a record 114,000 on the quarter, to 227,000. [...]
Asian consumers, boomerang businesses and M&A likely to shape 2021 January 6, 2021 It was some year. Anyone who took on the challenge of forecasting what would happen in 2020 more than likely saw it all swiftly swept aside – but, as they say, prediction is very difficult, especially when it’s about the future. Still, investing is a forward-looking profession and so we inevitably find ourselves thinking about [...]
Unemployment hikes to 5.1 per cent in biggest leap in a decade February 23, 2021 The UK unemployment rate marked its highest increase in 2020 in more than a decade, according to the latest official statistics, as the labour market continues to feel the weight of months of closures during the pandemic. The annual increase in the unemployment rate last year was the largest jump since the wake of the [...]