The Power of Three: How big business could join government to support small companies March 10, 2014 IF I received a pound for every time a chief executive of a large firm said to me “we’d like to be the champions of small business”, I’d be comfortably off. However, over the past year, I’ve seen an increasing number of businesses not only voicing this statement, but acting on it. This is a [...]
Aviva’s back in the black with profits of £2bn March 6, 2014 INSURER Aviva announced a strong set of annual results yesterday, following a £2.9bn loss in 2012. Profits rebounded to £2.1bn in 2013, allowing the company to issue a final dividend of 9.4p per share. The value of new business to the group rose by 13 per cent. Although the insurer estimates the cost of UK [...]
Bottom Line: A leap into record books by hedging death March 6, 2014 WHILE the salient facts surrounding insurer Aviva yesterday focused on its encouraging profits and ongoing turnaround, there was one nugget of information which might have failed to catch the eye – the biggest pension trade in history. In a brief statement in its 175-page report, later amplified by chief executive Mark Wilson, Aviva said that [...]
London Report: Corporates push up FTSE despite ECB and Russia March 6, 2014 BRITAIN’s top share index edged higher yesterday, buoyed by updates from Aviva and Aggreko, although lack of action by the European Central Bank (ECB) and uncertainty over Ukraine capped gains. Equities in London tracked Eurozone stocks lower, after ECB president Mario Draghi offered no new measures to boost lending in the region. Speculation that he [...]
Exclusive: Axed Ashton: I don’t worry I’ll miss out on World Cup March 6, 2014 ENGLAND wing Chris Ashton insists missing out on next year’s World Cup is not on his mind, despite being overlooked for a fourth Six Nations match in a row this weekend. The 26-year-old has scored 18 tries in 37 Tests for England, but has not featured in Stuart Lancaster’s team since November and could see [...]
Sarries must end last-four hoodoo March 6, 2014 SARACENS prop Petrus du Plessis admits he is desperate for his team’s semi-final hoodoo to end as they travel to Franklin’s Gardens for another fierce encounter with bitter rivals Northampton Saints tomorrow. The last of Saracens’ three semi-final defeats last term came against Saints in the Aviva Premiership, following losses to Toulon in the Heineken [...]
How Aviva’s leaping into the record books by hedging death rates March 6, 2014 While the news headlines surrounding insurer Aviva this morning focused on its encouraging profits and ongoing turnaround, there was one nugget of information buried deep inside its results which failed to catch the eye – just the biggest pension trade in history. In a brief line on page 126 of the 175-page tome, Aviva says [...]
What you need to know before the open March 6, 2014 Europe’s set for a higher open this morning as investors await today’s European Central Bank (ECB) rate meeting. Another weather-related miss for US services, and disappointing ADP payroll numbers didn’t appear to dent activity too much yesterday, and concerns over Ukraine have seemingly been put on the back burner for now. Opinion is somewhat divided [...]
“Aviva still has issues” says boss as profits rise March 6, 2014 Aviva has reported a six per cent rise in operating profit for 2013, to £2bn. Chief executive Mark Wilson said the businesses’ turnaround is “intensifying”, adding, however, that he wants to “guard against complacency”. Shares have, however, leapt over eight per cent in trading this morning. Source: Google The London-based insurer saw cash flows up [...]
What the other papers say this morning – 03 March 2014 March 3, 2014 FINANCIAL TIMES Britain to scrap VAT on Bitcoin trades Britain’s tax authority plans to ditch value added tax on Bitcoin trading only days after the collapse of Mt Gox, one of the virtual currency’s leading exchanges, losing almost $500m of customer deposits. In a meeting with a group of UK traders last week, HM Revenue [...]