Insurance: Hiscox, Aviva, RSA and Direct Line suspend dividends following Bank of England pressure April 8, 2020 Insurance companies Hiscox, RSA, Aviva and Direct Line have this morning announced the suspension of their dividends after regulatory pressure from the Bank of England. Sam Woods, deputy governor of the Bank’s Prudential Regulatory Authority wrote to chief executives of major insurers on 31 March asking them to “pay close attention to the need to [...]
Coronavirus: The pandemic could change the sport and leisure sector for good April 8, 2020 Long ago, back in January 2020, people made new year’s resolutions about going to the gym more… which they might have been achieving, until a global pandemic came along. The decision to shut down UK gyms and leisure centres in March would have been unthinkable just a few months ago. The industry had never looked [...]
Six tips for better behavioural investing April 8, 2020 At a turbulent time for global markets, Nick Kirrage, Co-Head of the Value Team, recently sat down with the Investor Download podcast. We discussed the current state of financial markets, reflected on the behaviour of investors and how they might best navigate the current turmoil. Below are six key points. Listen to the Investor Download. [...]
Coronavirus: What does entertaining look like in a post-pandemic world? April 8, 2020 What will life be like after the Coronavirus? What will restaurants be like? What kind of holidays will we have? Who will be going to concerts? I’m pretty sure it’s not what you expect… how do I know? Well, at Ten Group – the world’s most successful lifestyle concierge service (“TENG” on the London Stock [...]
Coronavirus: UK job vacancies contract for first time in more than a decade April 8, 2020 UK job vacancies contracted for the first time in more than a decade last month as the coronavirus outbreak caused demand for staff to plummet. A survey by the Recruitment and Employment Confederation and KPMG said the vacancy measure dipped below 50 for the first time since September 2009, falling to 47.8 in March. The [...]
Recruiter Page Group says profit dropped 26 per cent last month after coronavirus lockdown April 8, 2020 Recruiter Page Group said its gross profit in March fell 26 per cent after the impact of coronavirus. The company said gross profit for the first quarter overall was down 11.7 per cent. Page Group said it was cutting jobs to keep costs low. It said it had cut 104 fee earners and 28 operational [...]
Tour operator On the Beach cancels dividend and withdraws guidance April 8, 2020 Travel operator On the Beach has cancelled its dividend and withdrawn guidance for 2020 as part of a raft of measures to protect the firm against the coronavirus outbreak. In addition, chief executive Simon Cooper will forego his salary, whilst the rest of the tour firm’s board will take a 20 per cent pay cut. [...]
Coronavirus: The government must outline the way forward April 8, 2020 It is said that it is always darkest before dawn. And with our nation in the grip of the Coronavirus crisis – with the economy sinking, civil liberties restricted, and the peak of infections and deaths approaching – it certainly appears to be a particularly baleful moment for the UK. But rather than dwelling on [...]
Boris Johnson stable after second night in intensive care April 8, 2020 Prime Minister Boris Johnson spent a second night in intensive care but is in a stable condition after receiving oxygen support. Johnson tested positive for coronavirus nearly two weeks ago and was admitted to St Thomas’ hospital in London on Sunday night. On Monday evening he was admitted into intensive care after his condition deteriorated. [...]
