Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules January 19, 2022 A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 6, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bibby Financial Services Bibby Financial Services (BFS) has poached its new chief people and organisation officer from British Business Bank as it seeks to boost support for SMEs in the new year. Helen Norris, who brings [...]
City winners: This year’s most popular funds and shares, which include BP, Rolls Royce, Tesla and Argo Blockchain December 29, 2021 DIY fund buyers didn’t get the memo that value investing is back in fashion, instead largely plumping for growth strategies over the course of 2021. “Success breeds success they say, and retail investors clearly have a high conviction that these funds will continue to prosper,” Laith Khalaf at AJ Bell told City A.M. as he [...]
Action by competition watchdog frees leaseholders from costly contract terms December 22, 2021 Leaseholders of housebuilder Taylor Wimpey will no longer be subjected to ground rents that double every ten years after action by competition watchdog.
Aviva courts shareholders with a buyback boost to £1bn December 16, 2021 Aviva this morning said it will increase and extend the ordinary share buyback programme it announced in August from £750m to £1bn, expected to complete by the end of March next year. It comes after the British insurance giant pledged “at least” £4bn to shareholders by next June after it came under pressure from activist [...]
Shared Access secures £300m funding to grow wireless infrastructure portfolio December 7, 2021 Shared Access, an independent operator who owns and operates high capability in-building wireless infrastructure at key venues such as the Aviva Stadium in Dublin and the world-class Tottenham Hotspur stadium in London, has secured £300m of long-term growth financing.
Pandemic affects retirement plans for over half the nation, says Aviva November 25, 2021 Covid-19 has affected the retirement plans of 54 per cent of UK adults, with people nearing mid-life bearing the brunt of anxiety, according to new research.
After 12 years: PwC likely to be replaced by EY as Aviva auditor November 18, 2021 Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
Christmas parties get the chop at London firms November 14, 2021 City bosses have cancelled their traditional Christmas parties for a second year running over Covid fears. Blowout Christmas celebrations usually held by London’s accounting, insurance and law firms will be scrapped in favour of smaller dinners and events for individual teams the Telegraph first reported. Despite large gatherings being allowed under current Covid rules, top [...]