Slimmed down RSA Insurance is looking good May 5, 2016 RSA Insurance Group today reported operating profits rose in the first quarter of 2016, as the company's plans to slim down by disposing of overseas businesses starts to reach its final stages. Shares in the company were trading up two per cent at 478.7p shortly after 10am London time. [stockChart code="RSA" date="2016-05-05 10:16"] The figures Net written [...]
Good night, New Day: Trinity Mirror confirms closure of title after nine weeks May 5, 2016 Trinity Mirror has today confirmed that it is closing its fledgling title New Day, less than three months after it first launched. In a statement released ahead of its AGM, the publisher remarked that the title's circulation had been "below expectations", despite having built a strong following on Facebook, and it will therefore close on Friday 6 May. [...]
We don’t believe you can teach old dogs new tricks (and some of us don’t even want to try) May 5, 2016 Bad news: Not only does our collective lack of a pension pot mean we're prevented from quitting the day job as early as we'd like, research released today suggests that our colleagues aren't even pleased that we're still hanging around the office. The study by Canada Life Group Insurance found that there are still many [...]
Rolls-Royce chief exec assures shareholders it’s all going to be ok May 5, 2016 The chief executive of Rolls-Royce has sought to reassure shareholders everything is going to be OK ahead of the company's AGM today. At the meeting in Nottingham, chief executive Warren East will aim to lift investors' spirits by confirming trading over the past few months has been in-line with expectations and the year's overall outlook remains [...]
RBS chairman urges shareholders to put things into context at its AGM May 4, 2016 Perhaps feeling the chill of a shareholder spring in the air, the chairman of RBS has urged those present at today's AGM to put the bank's performance into context. Howard Davies remarked that, although it was disappointing to see RBS' share price 38 per cent lower than at last year's AGM, shares in the banking sector more [...]
Ian King is clearly his shareholders’ bae (and they also like their divis) May 4, 2016 Shareholders at the BAE Systems AGM today clearly hadn't got the memo about there being a shareholder spring in the making, passing all of the company's 20 resolutions with a comfy margin. In particular, those voting passed the remuneration report at the defence and security company with 94.9 per cent approval. In-line with the company's annual [...]
This is how many people will ditch their car insurer this year, as the costs of premiums continue to rise May 4, 2016 It's not you, car insurers. It's the constant rise in premiums. More than 11m drivers will leave their car insurer in 2016, as rising premiums boost people's incentive to shop around, a study out today has found. According to the figures from Consumer Intelligence, the average quote for car insurance has risen by £22 this year, [...]
Libor latest: Tom Hayes appoints new lawyer, and he’s making good progress on crowdfunding the legal fees May 4, 2016 Tom Hayes has instructed solicitor Karen Todner to lead the next stage in his appeal, it was announced today, as he turns to crowdfunding to raise his legal fees. Hayes, a former UBS and Citigroup trader, was convicted of offences related to manipulating the Yen-linked Libor last August. He was initially sentenced to 14 years in prison, [...]
Soon-to-be retirees are longing to take a gap year May 4, 2016 Those reaching pension age are more similar to university students than you'd think, as many are hankering for a gap year, research out today has found. According to the study by Investec Wealth & Investment, around a third (31 per cent) of UK professionals are considering taking a sabbatical of at least six months before they finally retire. More [...]
Why the advertising watchdog is taking issue with broadband providers May 4, 2016 The Advertising Standards Authority (ASA) announced this morning that it would be cracking down on misleading broadband price claims in adverts, but what's all the fuss about? Here are the top three ways that broadband companies have been accused of misleading customers: Too much mental maths involved Let's be honest: nobody enjoyed doing sums sans calculator [...]
