Anthony Constantinou appears in Old Bailey accused of sexual assault January 4, 2016 Anthony Constantinou, head of Capital World Markets (CWM), has appeared in the Old Bailey today, on trial accused of a string of sexual assaults. The case is ongoing. Constantinou, who originally appeared before the court in July last year for a preliminary hearing, is the son of Aristos Constantinou, a famed fashion mogul who was murdered on New [...]
LV= steps into legal market with law firm Lyons Davidson partnership to provide a selection of legal services January 4, 2016 Insurance company LV= today announced it is entering the legal market, working with a law firm to provide a range of legal advice services. By partnering with solicitors firm Lyons Davidson, LV= Legal Services will be able to provide advice on matters including wills, conveyancing and employment law. “Most of us need expert legal help [...]
Number of property investment companies becoming insolvent doubles since 2011, as banks seek out debt repayments as property prices improve January 4, 2016 The number of property investment companies going through the insolvency process has more than doubled since 2011. Research from commercial law firm EMW discovered that there were 346 insolvencies in the second quarter of 2015, but only 154 in the same period of 2011. “Ironically, the rise in insolvencies is down to the improved property [...]
UK pensions: Defined benefit pension schemes deficit edging downwards in private sector companies January 4, 2016 UK private companies have marginally narrowed the deficit they are running on their defined benefit (DB) pension schemes. Figures from JLT Employee Benefits show that, at 31 December 2015, funding for DB pensions in all UK private sector pension schemes stood at a £228bn deficit. By comparison, at 31 December 2014, the deficit was £248bn. [...]
RSA Insurance Group share price drops as it completes on sale of Italy business January 4, 2016 RSA Insurance Group revealed today that it had completed the sale of its business in Italy. RSA sold its Italian business to ITAS Mutua, which is headquartered in Italy and provides 1.2m policies, after receiving regulatory approval. The firm's share price tumbled after the news was announced, dropping 3.4 per cent to 412p shortly after the [...]
How do you pick a career? Fear is a key motivator for a quarter of UK workers, but at least we’re tackling it face on January 4, 2016 It's not childhood dreams or passion for a particular subject that motivates many people to pick their career path. Research from jobs website CV-Library has found that just over a quarter (26 per cent) of UK workers choose their job because they were trying to avoid certain workplace fears. In the survey of more than [...]
New year, new job? More than one in five employees expected to seek out new role in 2016, with better pay and benefits being the biggest motivator January 4, 2016 More than one in five (21 per cent) employees will be polishing off their CV and looking for a new job in 2016. A survey of 1,000 full-time employees released today by people management consultancy Penna discovered that nearly half (48 per cent) of those planning to leave for pastures new were doing so to [...]
EU referendum: UK financial chiefs’ favour for staying in the EU falls, and many feeling wary about 2016 January 4, 2016 The proportion of UK finance chiefs supporting the country’s stay in the EU has fallen, and many are approaching the new year with a great deal of caution. According to professional services firm Deloitte’s most recent chief financial officer (CFO) survey, less than two-thirds (62 per cent) said they were in favour of the UK [...]
Legal & General sale of Dutch retail unit possible in 2016, as company sheds non-core businesses after last year’s disposals of Egypt and Ireland ventures January 3, 2016 Legal & General is mulling over the decision to sell its Dutch retail business. The financial services giant is considering a sale in 2016 as part of a wider plan to leave non-core businesses. In November last year, Legal & General, which is headquartered in London and had 10m customers worldwide at the end of [...]
