Spring Statement: Watch out for income tax hikes in the autumn March 27, 2025 The Spring Statement has done little to reassure markets about the Chancellor’s commitment to fiscal discipline, says Aviva’s Vasileios Gkionakis The UK government on Wednesday announced cuts in government spending to rebuild ‘fiscal headroom’ after rising government borrowing costs and anaemic economic growth badly damaged its finances. Chancellor Rachel Reeves says the mix of cuts [...]
The Capitalist: Royal Exchange climbers, Severance stunt and a Treasury typo March 27, 2025 Protesters scale the Royal Exchange, Severance stars join the commute and a Treasury typo; catch up on the latest drama in The Capitalist.
Direct Line boss gets huge pay day ahead of Aviva’s £3.7bn takeover March 11, 2025 The chief executive of Direct Line Group has received a huge pay day ahead of its £3.7bn takeover by Aviva. Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year, according to its annual report. The CEO’s pay was significantly boosted by a £5.8m payment from Direct [...]
Six Nations needs France to beat Ireland before Super Saturday March 7, 2025 The recent clashes between Ireland and France in the Six Nations have all been superb occasions; whether it be in Paris or Dublin, the teams always serve up a brilliant match. And this weekend in the Irish capital it is the home side who are favourites. But for the good of the tournament it is [...]
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]
Aviva beats profit expectations amidst Direct Line takeover February 27, 2025 Aviva Plc smashed expectations in its annual profit results amidst its landmark takeover of fellow insurer Direct Line. The FTSE 100 giant posted a 20 per cent increase in operating profit to £1.77bn in 2024. The target surpassed Bloomberg analyst expectations of £1.71bn. Shares in Aviva have returned 11 per cent so far this year, [...]
Rachel Reeves urges financial services to back emerging markets February 20, 2025 Rachel Reeves has met with top financial services firms to urge them to work with development institutions and within “emerging markets”. The Chancellor met with firms including Aviva, HSBC and Schroders in Canary Wharf today, as she called on industry leaders to seize on growth opportunities and shore up London as a leader in development [...]
Aviva Investors warns three funds failing on performance February 19, 2025 Aviva Investors has flagged three of its funds as failing to deliver value for customers on performance, though it said no changes will be made to the funds. Aviva, which manages 15 investment funds, revealed in its latest Assessment of Value report that three funds are struggling to beat their benchmark. Asset managers are required [...]
City braces for inflation rebound February 17, 2025 City analysts expect the headline rate of inflation to rise to 2.8 per cent, up from 2.5 per cent in December.
UK private medical insurance sign-ups near-record high amid NHS backlog February 7, 2025 Nearly one in eight Britons now have medical insurance, a near-record high, as delays to NHS care drive customers to go private. The number of people with private medical insurance rose to a record high of 4.68M by the end of 2023, according to the latest figures from healthcare analysts LaingBuisson. But a total of [...]