Aviva puts RAC arm up for sale March 24, 2011 ROADSIDE rescue business RAC has been put up for sale by its insurance owner Aviva as it divests non-core parts of the company. The RAC’s value has been placed at about £600-700m, just over half the £1.1bn Aviva paid for it in 2005, after a series of sell-offs of its parts, including the BSM driving [...]
Daniels cut from Aviva list March 20, 2011 FORMER Lloyds chief executive Eric Daniels has been dropped from the shortlist for insurance group Aviva’s chairmanship after an outcry from shareholders. Some of the company’s biggest investors complained after news last week that Daniels, who stepped down from Lloyds last month, could succeed Lord Sharman when he leaves in 2013. Daniels has been criticised [...]
Former Lloyds chief Eric Daniels tipped as next Aviva chairman March 17, 2011 ERIC Daniels, the former Lloyds Banking Group chief executive, is a candidate to become the next chairman at insurer Aviva, City A.M. learned yesterday. Daniels, who stepped down as Lloyds’ chief executive at the start of March, is one of about five candidates approached by Aviva about taking a non-executive board position. The new director [...]
Spirited England can secure a clean sweep with narrow win in Dublin March 17, 2011 IRELAND vs ENGLAND TOMORROW – 5.00PM BBC1 GRAND Slam, Grand Slam, Grand Slam. These words will be skipping through the minds of every England player before tomorrow’s clash gets underway at Dublin’s Aviva Stadium. Their last two performances against Scotland and France tempered a lot of the hyperbole about this England XV being a great [...]
Overseas is where the growth lies March 17, 2011 LEGAL & General’s 24 per cent dividend hike and £1bn in annual profits are a sign of just how far the insurer has come over the past two years. In early 2009, concerns over the insurer’s capital requirements caused shares to drop 30 per cent in a single day. The dividend was halved to bump [...]
Savers should utilise ISAs to beat inflation March 16, 2011 5 APRIL will be the last day this tax year to shelter your savings under an ISA. With stagnant wages and inflation biting into savings, holding savings in cash is not a good idea. Mervyn King will likely be sending letters to George Osborne apologising for high inflation for a while to come. The 2 [...]
FTSE hits a three-month low as Japanese disaster deepens March 14, 2011 THE FTSE 100 share index hit a fresh three-month closing low yesterday, with some sectors seen vulnerable to further falls as the extent of the damage in Japan after the earthquake and tsunamis becomes clearer. Luxury goods firms such as Burberry Group and insurers including Aviva and Catlin Group were among the top fallers as [...]
FTSE ends at three-month low on Japan crisis March 14, 2011 The FTSE slumped to a three-month low at market close as traders digested the humanitarian disaster emerging from Japan’s earthquake and tsunami. Risk appetite sank, with only non-nuclear energy firms boosted by the disaster, up as the threat of a nuclear explosion in one of Japan’s three damaged power stations remained high. The FTSE 100 [...]
TOP LAWYERS CALL FOR QUOTAS TO BOOST WOMEN IN THE BOARDROOM March 13, 2011 SOME of the UK’s most high-powered female lawyers convened at the Southbank Centre on Saturday afternoon to debate the “chronic inequality” at City law firms. The panel, chaired by Denise Jagger from legal practice Eversheds, which organised the event, contained some of the most high-powered women in the industry (pictured right), including Lucy Scott-Moncrieff, deputy [...]
Touching distance March 13, 2011 ENGLAND (22) vs SCOTLAND (16) Grand Slam just one win away after England survive a scare to defeat tenacious Scotland ENGLAND manager Martin Johnson admits major improvement is needed if his side are to complete the Grand Slam in Dublin next weekend. Scotland put up brave resistance at Twickenham yesterday but eventually succumbed to Tom [...]