Moving markets: Five things shaping the FTSE 100 today March 4, 2024 Asian markets rallied as Japan's Nikkei surged, bitcoin hit a two-year peak, and oil prices rose. All eyes are on the UK Budget and the Annual Chinese Communist Party (CCP) meetings, set to influence market dynamics this week.
Direct Line shares rocket higher after rejecting £3.1bn offer from Belgian peer Ageas February 28, 2024 This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.
Vodafone to shrink again as it agrees £6.8bn offload of Italian division February 28, 2024 Vodafone has taken the next step in a radical restructuring of the group, agreeing to offload the Italian arm of the company in a multi-billion deal.
One Day’s Emma and Dexter would never get together today February 27, 2024 The Netflix hit drama about a couple who meet at university in the 90s is resonating with a new generation, writes Eliza Filby
Hiring market: Insurance sector outperforms financial services in 2023 February 26, 2024 Job vacancies in the insurance sector fell less than those in the financial services market last year. According to a City A.M.’s exclusive of a report by specialist recruiters Harrison Holgate and market data analytics firm Vacancysoft, vacancies in insurance dropped by 15.1 per cent compared to the fall of 30 per cent for the [...]
Sir Adrian Montague: Chairman of Thames Water parent company Kemble quits February 16, 2024 He has also stood down as director of each of Kemble's subsidiaries, apart from TWUL and Thames Water Utilities Holdings Limited.
Sabre: Leading motor insurance underwriters expect to exceed forecasts ‘across almost all key measures’ February 15, 2024 One of the UK’s leading motor insurance underwriters, Sabre Insurance, has boasted that it expects to outperform expectations in its upcoming results. In a trading update today, the group said it expected its 2023 results to “meet or exceed current market expectations across almost all key measures”. This included the group’s gross written premium, estimated [...]
Direct Line looks to recover from torrid 2023 with new chief starting next month February 9, 2024 Winslow will rake in an annual salary of £820,000 and a pension allowance of nine per cent, with additional perks on offer. He will succeed Jon Greenwood, who had served as acting chief executive.
Competition watchdogs kicks off inquiry into Aviva acquisition of AIG Life February 8, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers [...]
Still “jeopardy” over CBI future, but new prez Rupert Soames says firms are re-engaging February 7, 2024 The new boss of the Confederation of British Industry (CBI) revealed that there is still some doubt as to whether the business lobby group can survive the scandal. Speaking to the BBC, the CBI’s new president Rupert Soames admitted that the organisation has to refinance its bank debt in autumn of this year. He explained [...]