RSA Insurance and Aviva share prices hit as experts warn Storm Eva could knock 0.25 percentage points off UK growth December 29, 2015 As people in Yorkshire and Lancashire spent a second day recovering from once-in-a-generation flooding, experts have warned the damaged wreaked by Storm Eva could hit the UK's GDP growth. Howard Archer, chief UK and European economist at IHS, suggested the impact could be felt both this year and next. "Looking at the extent of the [...]
easyJet will invest millions in tech startups with Founders Factory October 16, 2016 easyJet is the latest established business tapping tech talent to boost innovation, partnering with the high-profile London-based startup accelerator and incubator Founders Factory. The airline is the sixth corporate backer of the startup hot house created by renowned entrepreneurs Brent Hoberman and Henry Lane Fox – both of Lastminute.com fame – with the ambitious goal of creating 200 successful startups over the next five years. The [...]
Retail fund sales turned positive in August October 3, 2016 Retail fund sales became positive in August for the first time since April, as net retail sales hit £1.7bn. According to Hargreaves Lansdown, this was due to £1.2bn of inflows into fixed income funds. There was an outflow of £629m from equity funds. Read more: Standard Life will re-open its property fund in October Property [...]
Fans deserve greater transparency from the Aviva Premiership’s salary cap settlements October 27, 2015 With the Rugby World Cup drawing to a conclusion, English rugby fans' attention is switching to domestic matters – where they have found even more sources of frustration and confusion. Last Thursday evening, following a board meeting, Premiership Rugby released a statement setting out salary cap arrangements for the 2016/17 and 2017/18 seasons, a [...]
This chart shows pension savers in their 50s should put £7,500 more into their pension each year – while those in their 20s should save £1,500 more September 22, 2016 The average Briton in their 50s should be saving almost £7,500 more each year if they want to have a comfortable retirement. That's according to a study by Aviva, which suggests not only that the gap between what people in the UK are saving and the income they're expecting to have during their retirement has increased [...]
Sports Direct chairman Keith Hellawell tells City A.M.: “My past is dealing with child murderers, I don’t have a problem saying no in board meetings” September 8, 2016 As Mike Ashley stood sweating under the lights of TV cameras in Sports Direct’s warehouse yesterday, he urged journalists to allow investors some room. Everyone wore high-visibility jackets, but the shareholders were relatively hard to see. The company’s founder had no real intention of listening to investors, though; he was just keen to manage the [...]
Property companies’ share prices knocked again as Brexit hangover clings on July 6, 2016 It's been a rough week for property companies – and this morning has been no different. The biggest firms' share prices have fallen off the wrong side of the bed again today as the big Brexit-hangover continues to plague the industry. Read more: Aviva and M&G become latest property funds to suspend trading as investors flee Housebuilders At [...]
SVG board gives HarbourVest takeover green light after forcing up price October 18, 2016 The board of SVG Capital (SVG) has accepted an increased takeover offer from US behemoth HarbourVest that will likely draw to a close a tumultuous month of punches and counter-punches between the two parties. The confirmation of the deal was announced this afternoon and will mean SVG shareholders will receive the equivalent of 715p a share for the assets of the [...]
Sterling falls to a 31-year low while gold jumps amid ongoing Brexit concerns July 6, 2016 The British pound fell to fresh 31-year lows against the dollar and multi-year lows against a host of other currencies this morning. After closing two per cent lower at $1.3022 yesterday, it hurtled to break through the $1.30 barrier again this morning for the first time since 1985. It hit a new low of $1.2798, though [...]
Standard Life will re-open its property fund in October September 26, 2016 Standard Life Investments will re-open its property fund in October after disposing of assets during a period of suspension. After the Brexit vote, several property funds were forced to suspend trading due to a spike in redemption requests, freezing £15-20bn worth of funds. Standard Life said it would open the fund again on 17 October [...]