Aviva’s property fund may be closed for up to eight months due to uncertainty surrounding the Brexit vote August 10, 2016 Aviva's property fund will be closed for six to eight months, meaning investors wanting to withdraw their cash won't be able to do so until next year. In a note issued to investors, Aviva said: "Property sales may be more difficult to execute in the current environment due to market uncertainty. Read more: Aberdeen Asset Management lifts [...]
In hindsight, we don’t need no education: Almost three-quarters of millennials regret going to university August 10, 2016 Almost three quarters of millennials in London are relying on a one-off event to help them repay their student debt, new research from Aviva reveals. More than a third are hoping for a promotion, while 20 per cent are awaiting some form of family inheritance and another 20 per cent are hoping to win the [...]
Insurers expected to have weathered the Brexit vote storm August 7, 2016 Insurers are expected to reveal they have navigated referendum uncertainty just fine when they announce their half-year results next week. Pensions, investments and insurance giant Standard Life will reveal how it has performed in the first six months of 2016 on Tuesday, as will Legal & General. Meanwhile, results are due from Prudential on Wednesday and from [...]
Markets poised for crunch interest rate move from Bank of England August 4, 2016 Markets are standing by this morning for the Bank of England to take interest rates to a record low later today – and the nerves are showing. Sterling is falling ahead of the announcement and the FTSE 100 has also eased back as traders assess just how much fuel the Bank of England will throw onto the [...]
Aviva hikes dividend by 10 per cent as operating profit rises 13 per cent – but combined operating ratio deteriorates August 4, 2016 Insurance giant Aviva has hiked its dividend after posting "encouraging" results for the first half of 2016. The figures Operating profit was up 13 per cent to £1.33bn, from £1.17bn last year, with operating earnings per share up one per cent to 22.4p, from 22.1p in the first half of 2015. General insurance net written premiums [...]
How crowdfunding can give you an income boost in a low-rate wasteland August 4, 2016 With the Bank of England widely expected to cut interest rates this afternoon, savers are bracing themselves for a further drop in the already pitiful returns they are earning on deposit accounts. According to data from comparison site Moneyfacts, the average five-year fixed rate bond offered an interest rate of just 2 per cent in [...]
City A.M.’s Rio 50: These are the 50 most marketable athletes at the Rio 2016 Olympic Games August 3, 2016 Do you thrill to the Mobot? Or tingle when Jess Ennis-Hill ducks for the line? Perhaps it’s Usain Bolt’s signature To Di World celebration, an Andy Murray fist pump, or gymnastics doyenne Simone Biles cheekily winking during a floor routine that brings out the goose-pimples. Everyone has their favourites: those sportsmen and women who we [...]
City Moves for 1 August 2016 | Who’s switching jobs August 1, 2016 Independent Oil and Gas Independent Oil and Gas has appointed David Peattie as chairman. David has 35 years’ industry experience and was most recently the CEO of Fairfield Energy, an oil & gas company owned by a syndicate of North American and European private equity investors, led by Riverstone and Warburg Pincus. David began his [...]
A third of over-45s in London worry they will never pay off their mortgage July 27, 2016 A third of people over 45 in London worry they will never be mortgage-free, according to a report from Aviva released today. Aviva found 32 per cent of over-45s in London are uncertain about whether they will ever be able to pay off their mortgage, compared to 17 per cent of over-45s across the UK. Read [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]