SimplyBiz is set to float for £130m on the Aim market of the London Stock Exchange March 16, 2018 The SimplyBiz Group, which provides compliance and business services to financial advisers, had announced it will float in London next month for £130m. As the UK’s largest compliance services provider, SimplyBiz is expecting to raise £30m when it floats on 4 April. Selling shareholders – mainly Ken Davy, Life President of Huddersfield Town FC, and [...]
Aviva boss Mark Wilson is picked by Blackrock as a non-executive March 16, 2018 Blackrock, the world’s largest asset manager, today appointed Aviva chief executive Mark Wilson as a non-executive. The New Zealander will take a seat on the board of the US fund management behemoth with immediate effect. Wilson took over at Aviva in 2013 moving from insurance giant AIA, rebuilding the Asian arm of AIG in the [...]
GKN backs Airbus warning against Melrose takeover saying short-term business model is “inappropriate” for investors March 15, 2018 GKN has responded to Airbus’ concern over an £8.1bn approach from Melrose, reiterating its “firmly held belief” that Melrose is not an appropriate owner for the firm. Airbus, one of GKN’s most significant customers, had become the latest party to express concern over Melrose’s proposed £8.1bn hostile takeover of the engineering company, saying it would [...]
GKN and Melrose shareholder Aviva Investors backs the new £8.1bn bid as GKN rejects final offer March 12, 2018 A shareholder in both Melrose and GKN today said it backed the turnaround specialist’s increased offer of £8.1bn for the engineering giant. Aviva Investors said this afternoon said it was in favour of Melrose’s GKN bid, as the tussle between the two firms took yet another turn. However, GKN has rejected the revised and final [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
Shareholders worth £47bn set to force Rio Tinto to review its relationship with industry bodies blocking climate change progress March 2, 2018 Investors with a combined £47bn under management have today filed a shareholder resolution against Rio Tinto, calling on the FTSE 100 miner to review its relationships with industry bodies blocking progress on climate change. The UK’s Church of England Pensions Board, along with the Australian Local Government Super fund and the Seventh Swedish National Pension [...]
AA share price jumps on insurance guru board pick February 28, 2018 AA shares roared this morning after breakdown giant appointed an insurance heavyweight to its board. Cathryn Riley, currently the chair of AA’s insurance broker, is to become a non-executive director with immediate effect. Riley is Aviva’s former chief operations officer and a non-exec at the likes of Equitable Life and insurance underwriter Chubb. Previously, she [...]
When the scheme is a scam: Top tips to protect your money against con artists February 7, 2018 As we see a rise in people investing online, fraudsters are changing the way they con people out of money. Worryingly, £87,000 is being lost to investment scams every single day, according to figures published by the UK’s financial watchdog last week. The Financial Conduct Authority (FCA) urged people to be vigilant when signing up [...]
The insurance industry needs to embrace blockchain, starting now January 31, 2018 In March 2017, the expression “financial inclusion” hit its peak popularity on Google. This is excellent news. There are over two billion unbanked individuals in the world today – people with no access to banking services. This is a global problem. In India, 19 per cent of the population – 1.2bn people – is unbanked, [...]
National Assembly for Wales tops Stonewall list of 100 LGBT-inclusive employers with Lloyds Banking Group and Citi on the list January 31, 2018 A number of City firms have made the cut in equality charity Stonewall’s latest ranking of the top 100 LGBT-inclusive employers out today. Citi, Pinsent Masons, Clifford Chance, Lloyds Banking Group and Baker McKenzie were all in the top 10, with legal firms again dominating the overall list. Read more: Lloyds Banking Group named most [...]