Stop being TWaTs! Lloyd’s of London chief says City must drop ‘Tuesday, Wednesday and Thursday world’ March 23, 2023 Lloyd’s of London chief John Neal has called for a move away from the “Tuesday, Wednesday, Thursday world” in arguing there will always be times that people “have to be in every day of the week”. Speaking to City A.M., Neal called for a shift away from the “two days a week or three days [...]
Explainer: How Russia is dodging oil sanctions and what the West is doing about it January 13, 2024 G7 sanctions are slowing Russia's oil industry but the sanctions are not having the desired effect
More tick-box regulations won’t save us from a financial crisis April 14, 2023 After the fall of both Silicon Valley Bank and Credit Suisse, the instinct will be to double down on new rules. Instead, banks need to learn to stabilise their risks, writes Mary O’Connor.
Over-50s holiday firm Saga Group says cruise demand beats pre-pandemic but warns of short-term challenges March 23, 2022 Over-50s holiday and insurance firm Saga Group said cruise bookings for the coming year were higher than pre-pandemic levels due to pent-up demand from holiday goers.
Lloyd’s of London investor sees premiums soar thanks to bumper market September 27, 2024 Helios Underwriting's gross written premiums surged to £230m after Lloyd’s market has "exceptionally good" market conditions
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
New route for employers to offload retirement plans as UK’s first pension ‘superfund’ deal gets approved November 6, 2023 The UK’s first commercial pension “superfund” deal was cleared by the UK regulators on Monday, opening a new route for employers.
Move aside NIMBYs, there’s a new acronym: Britain is now a Banana economy June 25, 2024 You may have heard of NIMBYs blocking economic growth, but now there's a new acronym ready to slip up the UK's planning system - BANANA.
Moneysupermarket sales lifted as Brits go deal hunting to protect finances April 18, 2023 A boom in consumers shopping around for better savings accounts has boosted sales for comparison site Moneysupermarket. The platform profited from people hunting down better deals throughout last year and saw revenues across its money division, which compares current and savings accounts, credit cards, and loans, jump by 37 per cent. The company said this was [...]
Phoenix hits targets early as growth in annuities pays off February 1, 2024 In a trading update, Phoenix said its new business long-term cash generation, a key measure of future profitability, was around £1.5bn in 2023.