Beazley written premiums ‘ahead of expectations’ but investment losses loom May 6, 2022 Non-life insurance firm Beazley has come in ahead of expectations in its latest update, despite swelling investment losses. Gross premiums written jumped nearly a third (27 per cent) in the three months to 31 March, to $1.2bn, up from $971m a year prior. The London-listed insurance firm, however, did report spiralling losses from its investments, [...]
Quilter assets slide as volatility shakes markets October 19, 2022 Shares in wealth manager Quilter dived this morning as the FTSE 250 firm revealed its assets under management tumbled to £96.9bn in the three months to the end of September.
Cameron presses for aid to Gaza and ceasefire during Middle East visit December 20, 2023 The former prime minister is also set to visit Egypt this week, where he will make the argument for a sustainable ceasefire in the Israel-Hamas war.
Scotland set for Westminster-led unionist push – as Sunak vows to keep country together January 14, 2023 Rishi Sunak has said he wants to “tangibly and visibly” demonstrate the UK Government’s presence in Scotland. The Prime Minister has been in Inverness this week as part of a two-day trip north of the border, during which he announced two new green freeports in Scotland. On Thursday night, he met with First Minister Nicola [...]
Brits told they should brace themselves for even higher food and drink prices November 9, 2022 Food and drink prices are expected to climb even higher than previously expected – with meat, fruit, vegetables, dairy and bread seeing the biggest increases, a new forecast has suggested. The rate of food price inflation will reach a peak year-on-year of between 17 per cent and 19 per cent in early 2023, the Institute [...]
Ryanair posts record £1.26bn profits – but warns of turbulence with strikes and high fuel prices May 22, 2023 Ryanair posted record profits of $1.57bn (£1.26bn) in its full year results, as it cashed in on rising fares and strong traffic recovery – but warned it may experience turbulence in the near future. The low cost carrier flew a record 168.6m passengers, up 74 per cent, in the year ending March and said that [...]
Veteran Fevertree chairman announces retirement May 3, 2022 Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
World heading towards a ‘perfect’ cybercrime storm, cybersecurity experts warn September 6, 2022 THE COMBINATION of mounting geopolitical tensions, the looming economic downturn and the push to digitalise business processes is creating a “perfect storm” for hackers, cybersecurity experts told City A.M. NCC chief executive Mike Maddison said the digitisation agenda on the back of the global pandemic has created new opportunities for hackers in opening up new [...]
Food inflation hits highest rate ever recorded September 28, 2022 FOOD inflation surged to its highest rate on record since the index started in 2005, according to freshly published data. According to the British Retail Consortium (BRC) and NielsenIQ shop price index, food inflation hit 10.6 per cent in September, up from 9.3 per cent in August. For fresh food, inflation swelled to 12.1 per [...]