RSA boss Stephen Hester explains the real driving force behind the firm’s success February 23, 2017 RSA’s boss has revealed the secret of the firm’s success: the 2013 crisis that led to nearly a third being wiped off its market capitalisation. The insurer today beat market expectations with its 2016 results after a year that has seen the firm’s share price increase by 40 per cent already, with shares advancing five per [...]
Tandem chief executive to retire with the bank due to launch within months February 23, 2017 Peter Herbert is to step down as chief executive of digital bank Tandem with the challenger due to finally launch inside the next few months. Herbert will retire in the next few weeks, with deputy chief executive and co-founder Ricky Knox stepping up to replace him. Banking veteran Herbert only joined the start-up 15 months [...]
Intu boss David Fischel : The UK is way out of line with its international peers on business rates February 23, 2017 Intu ruled the FTSE 100 roost this morning after the shopping centre giant increased its dividend, despite reporting a fall in profits. The retail property group's profits dropped more than 60 per cent but its dividend was up two per cent, at 14p per share. Revenues grew four per cent to £594.3m, from £571.6m the year before. While [...]
Storm Doris leads to train delays as tree falls on rail tracks – travellers are advised to avoid Euston station February 23, 2017 Storm Doris is wreaking travel chaos across the country today, with rail service disruptions set to continue all day. All west coast services out of Euston have been cancelled, and Transport for London has advised travellers to avoid the station if possible. https://twitter.com/victorialine/status/834759837208760320 London Thameslink services are severely disrupted, and there will be no direct service [...]
Storm Doris hits London: Heathrow warns of flight delays and cancellations due to strong winds February 23, 2017 Storm Doris has arrived and Londoners are waking up to strong winds in the capital this morning. Earlier this week the Met Office issued a severe weather warning for London ahead of Storm Doris' arrival, and forecast winds of up to 50-60mph, along with ice, snow, rain and fog. The storm is also causing disruption [...]
FTSE 100-listed Farmers Weekly publisher Relx reports growing revenue February 23, 2017 FTSE 100 information business Relx, formerly known as Reed Elsevier, reported revenue growth of four per cent in 2016 today. The figures Relx, which owns legal database LexisNexis and medical journal the Lancet, reported a 2016 turnover of £6.9bn. Underlying adjusted operating profit, meanwhile, was up six per cent to £2.1bn. The group increased its [...]
Regulators welcome fintech but aren’t sure what to do with it February 23, 2017 | City Talk Regulators have a 'wait and see' attitude about regulating fintech. Two governmental organisations recently released reports on regulatory approaches to fintech advances, including blockchain. First, the US Federal Reserve Board released its report on distributed ledger technology (i.e., blockchain) in payments, clearing, and settlement. Following that release, the European Supervisory Authorities (ESAs) — a joint [...]
Storm Doris: London Fire Brigade has been called out to 36 weather-related incidents February 23, 2017 NULL
Storm Doris: London Fire Brigade has been called out to 36 weather-related incidents February 23, 2017 London Fire Brigade has been called out to 36 Storm Doris-related incidents so far today, as strong winds batter the city. The Met Office has issued a severe weather warning and said winds of up to 70 mph are likely. The storm has also caused major delays across the UK's transport networks, with trees falling onto [...]