Jeremy Hunt defends spending ‘cuts’ as Reeves slams fiscal drag impact November 23, 2023 UK Chancellor Jeremy Hunt Chancellor has denied his decision not to increase public spending in line with inflation will result in worse public services.
Privacy watchdog fines firms for targeting vulnerable and elderly with ‘predatory’ marketing calls March 16, 2022 The UK's privacy watchdog has fined five companies over £400k after they deliberately targeted the elderly with "predatory" and "coercive" marketing calls in order to sell them unnecessary insurance.
Health tech group to expand in UK amid booming private healthcare demand April 15, 2024 The provider of 'at home' healthcare services is eyeing a £3m funding round, aiming to add seven new sites to its existing three locations.
Aviva hikes dividend payout after profits boost August 16, 2023 Insurance giant Aviva has hiked its payout to shareholders today after posting a boost in profits in the first half of the year on the back of growth across the group. In its half year results this morning, the FTSE 100 firm said operating profits had grown eight per cent to £715m in the first [...]
Insurer Beazley slips into underwriting loss as catastrophe costs jump November 6, 2020 London-based specialist insurer Beazley said this morning that it would slip into an underwriting loss for the year, as the company set aside $80m million to pay out catastrophe claims. The group also reiterated its pandemic-related loss estimate. “Our initial estimate of the costs of the third quarter catastrophe events including hurricanes Laura and Sally [...]
Aviva to sell stake in Italian life insurance venture for €400m November 23, 2020 Aviva has agreed to sell its entire 80% shareholding in Aviva Vita, an Italian life insurance joint venture, to partner UBI Blanca for €400m. The life insurance provider noted the transaction will increase Aviva’s net asset value by £0.1bn. It said the move would also strengthen Aviva’s Solvency II capital surplus by £0.2bn and increase [...]
Alphabet-backed health insurance startup Oscar aims to raise more than $1bn in upcoming IPO February 22, 2021 Oscar Health Insurance is planning on raising more than $1 billion in its IPO.
Without the City, this country wouldn’t work November 2, 2023 Every day half a million people pile into the Square Mile, and many more beyond it, to ensure the wheels of UK finance keep spinning around.
Young people are still losing out to pensioners March 18, 2024 Claims that pensioners have “lost out” from targeted cuts to a tax that they do not pay are utterly disingenuous, says Emily Fielder This year’s Spring Budget seems to have precipitated a huge media frenzy about what it means for Britain’s pensioners. Commentators from across the political spectrum are asking why the Chancellor has forgotten [...]
What’s next for Direct Line after Ageas abandons takeover attempt? March 25, 2024 Direct Line's chief executive Adam Winslow has only been in the job for three weeks but is already making a strong impression.