Jardine Lloyd Thompson Group (JLT) share price rises as company reveals a fall in profits but a rise in revenues for its year ended December 2015 March 1, 2016 Share price in Jardine Lloyd Thompson Group (JLT) closed up today despite the company revealing a fall in profits in its preliminary results. The company, which provides insurance, employee benefits and brokerage services, reported profits before tax of £155m for its year ended December 2015, a decrease of three per cent from £159.7m the year before, as planned [...]
Share price in RSA Insurance Group rises as company completes disposal of Brazil operation to Suramericana in its bid to leave Latin America March 1, 2016 Share price in RSA Insurance Group rose today as the company waved goodbye to its Brazil operations, after completing on its disposal to Suramericana. RSA first announced that it would be selling its Latin American operations to Suramericana for roughly £403m last September. At the time of the September announcement, Stephen Hester, group chief executive of RSA, said: With RSA’s [...]
Department for Work and Pensions appoints John Cridland to review state pension age and assess what effects longevity might have on government’s ability to provide for future generations March 1, 2016 The Department for Work and Pensions has today announced that John Cridland, former director general of the Confederation of British Industry (CBI), will be leading a review into state pension age. The review, which is the first for the UK, will evaluate what effects aspects like changing life expectancy will have on the Department's ability to provide [...]
Share price in Direct Line powers ahead as insurance company reveals boost to profits for its year ended December 2015, despite costs of over £100m from winter storms March 1, 2016 Share price in Direct Line rose today as the insurance company revealed a boost to profits before tax in its preliminary results despite costs of over £100m from winter flooding. The insurer, which owns the Churchill and Green Flag brands, reported profits before tax of £507.5m for its year ended December 2015, up 11.1 per cent [...]
Insurance industry underprepared for the disruption of the internet of things, and it’s disappointing tech-savvy and highly connected generation Y March 1, 2016 Consumers' increasing love of technology could revamp the insurance industry, but many in the profession are underprepared for the change ahead, a report out today has found. According to the Capgemini and Efma's most recent annual World Insurance Report, most modern day consumers, particularly those from generation Y, have vastly different needs and demands that traditional insurers [...]
Crocs share price down in after-hours trading as footwear company reveals that clearance sales have had their toll on bottom line, resulting in net losses for its year ended December 2015 February 29, 2016 Share price in Crocs fell in after-hours trading after the company revealed that its promotional prices had not produced profits. The footwear company announced net losses attributable to shareholders for its year ended December 2015 of $98m (£70.4m), a substantial fall from net losses last year of $19m. Revenue for the company also inched down to $1.1bn, [...]
Budget 2016: The AA pleads with chancellor George Osborne not to hit motorists by hiking insurance premium tax or fuel duty February 29, 2016 Motoring insurer and breakdown cover provider AA has today revealed that it has written to chancellor George Osborne to ask him not to hike insurance premium tax or fuel duty in next month's Budget. The company is concerned that the chancellor might be considering raising one or both as a quick win to boost the [...]
Workday share price down in after-hours trading as software company reports widening losses despite surge in revenues February 29, 2016 Share price in Workday fell in after-hours trading this evening as losses grew for the software company despite a surge in revenues. The California-headquartered company announced net losses of $289.9m (£208.2m) for its year ended January 2016, down further from a net loss of $248m the year before. However, the company, which makes human resources [...]
Information Commissioner’s Office hits Brighton-based Prodial with record-breaking fine of £350k for over 46m nuisance calls February 29, 2016 The UK's personal data watchdog has today slammed a Brighton-based firm with its largest ever fine issued for a "staggering" number of nuisance calls. The Information Commissioner's Office (ICO) levied a £350,000 fine to Prodial, which was operating out of a residential property, after the company sent out over 46m calls consisting of automated messages, resulting in [...]
More details revealed on the EU-US Privacy Shield, the successor to Safe Harbour, regulations governing how data will be shared between the two regions February 29, 2016 Legal details on incoming regulations governing the flow of data between the EU and the US were published by the European Commission today, although experts are warning the new framework could be tougher to comply with than its predecessor and may not entirely clear up uncertainty for businesses. The EU-US Privacy Shield, which is replacing [...]
