AA share price jumps on insurance guru board pick February 28, 2018 AA shares roared this morning after breakdown giant appointed an insurance heavyweight to its board. Cathryn Riley, currently the chair of AA’s insurance broker, is to become a non-executive director with immediate effect. Riley is Aviva’s former chief operations officer and a non-exec at the likes of Equitable Life and insurance underwriter Chubb. Previously, she [...]
Aviva just backed insurance focused fintech startup Neos and will probably acquire one soon, says CEO Mark Wilson May 25, 2017 Aviva is splashing cash on a startup focusing on insurance for connected homes in the latest signal of the insurers intent when it comes to technology – and it may even stretch to buying a small tech firm in future, it has revealed. The venture arm of Aviva has led a £5m series A funding [...]
Aviva and Legal General set to report profit rises March 5, 2017 Insurers Aviva and Legal & General are expected to report profit rises when they report on Wednesday and Thursday respectively next week. Analysts expect Aviva’s full-year operating profits to rise 8 per cent to £2.9bn and Legal & General is likely to advise operating profit increases of £1.6bn, an increase of 13 per cent, compared [...]
Online wealth manager Moneyfarm raises £40m in round led by Allianz as FCA scrutiny fails to deter investment in robo-advice May 29, 2018 Digital wealth manager Moneyfarm has today grabbed £40m in a funding round led by the asset management arm of insurance giant Allianz. The funding round – which saw contributions from new parties Endeavor Catalyst and Italy's Fondazione di Sardegna, as well as existing investors United Ventures and Cabot Square Capital – is the largest to [...]
June’s most widely bought and sold funds on Charles Stanley Direct July 4, 2018 Artemis Global Income remained a popular choice for exposure to high yielding global stocks among Charles Stanley Direct customers in June, while Fundsmith Equity was the most widely-purchased global equity fund, beating another regular favourite Lindsell Train Global Equity. In the Asia ex-Japan sector Invesco Perpetual Asian outstripped the perennially popularStewart Asia Pacific Leaders in [...]
Unilever to stay on FTSE 100: How investors reacted October 5, 2018 Unilever’s awkward climbdown over its attempt to move its main listing to the Netherlands is unlikely to be the last, according to one financial expert, as investors reacted to the company’s decision to retain its London headquarters today. Unilever this morning pulled plans to make the Netherlands its sole headquarters and quit its UK offices, after [...]
Persimmon is under pressure on paying the “real living wage” at today’s AGM amid wider shareholder revolt on executive pay April 25, 2018 Major investors with £23bn under management are today set to pile the pressure on housebuilder Persimmon to pay its employees the “real living wage”. At Persimmon’s annual general meeting, the company will be presented with a petition calling for it to accredit with the Living Wage Foundation, a campaigning group supported by the likes of [...]
Online wealth manager Moneyfarm raises £40m in round led by Allianz as FCA scrutiny fails to deter investment in robo-advice May 29, 2018 Digital wealth manager Moneyfarm has today grabbed £40m in a funding round led by the asset management arm of insurance giant Allianz. The funding round – which saw contributions from new parties Endeavor Catalyst and Italy’s Fondazione di Sardegna, as well as existing investors United Ventures and Cabot Square Capital – is the largest to [...]
Aviva share price rockets after releasing annual results that “speak for themselves” March 9, 2017 Aviva's shares leapt over six per cent this morning after beating forecasts and building up a hefty cash pile to reward investors. The figures Similar to other insurers, Aviva was hit by the Lord Chancellor's decision to cut the discount rate. It said the move had hit profits after tax by £380m. In its reported [...]
May’s most widely bought and sold funds June 8, 2018 Artemis Global Income remained a popular choice for exposure to high yielding global stocks among Charles Stanley Direct customers in May, while Fundsmith Equity was the most widely-purchased global equity fund, beating another regular favourite Lindsell Train Global Equity. In the Asia ex-Japan sector Invesco Perpetual Asian outstripped the perennially popularStewart Asia Pacific Leaders in [...]