Insurers to announce Indian investment plans during Narendra Modi’s UK Visit November 9, 2015 A number of insurers will announce this week that they are planning to pour money into Indian investments. The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK. Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky [...]
City Moves for 10 November 2015 | Who’s switching jobs November 9, 2015 BNP PARIBAS INVESTMENT PARTNERS The asset management division of BNP Paribas has announced the appointment of Laurent Gueunier as head of alternative debt management. He joins from Axa Investment Managers, where he was head of structured finance. Gueunier has also worked within structured credit at JP Morgan and began his career within commodities trading at [...]
With Japan’s economy likely to have entered a technical recession, has Abenomics failed? November 8, 2015 Freya Beamish, an economist at Lombard Street Research, says Yes. Abenomics is failing, but the technical recession doesn't prove it so much as confirm Japan's exposure to China. In fact, Shinzo Abe has achieved some significant successes: strides have been made in improving corporate governance, although there is still a long way to go; the [...]
How much did Sam Burgess cost rugby union? Highest-paid player in Premiership leaves Bath for South Sydney Rabbitohs November 6, 2015 Sam Burgess has returned to rugby league and the South Sydney Rabbitohs after an ill-fated but lucrative year in rugby union. The England international will move to Australia to reunite with his family and a club where he is worshipped as a hero, yet questions will still be asked why the union establishment failed to make [...]
Electra chairman Roger Yates resigns as Sherborne’s activist investor Edward Bramson voted onto the board by shareholders November 5, 2015 Sherborne's Edward Bramson has finally succeeded in his mission to join the board of private equity group Electra, after 53.5 per cent of shareholders voted in favour of his appointment as a director, 16.6m to 14.4m against. Chairman Roger Yates resigned from the from the board with immediate effect after the meeting. Sherborne's first move is to introduce "a strategic [...]
City Moves for 02 November 2015 | Who’s switching jobs November 2, 2015 LINKEDIN John Herlihy has been appointed vice president and managing director for Europe, the Middle East and Africa at the professional network. He joins from Google, where he was vice president of SMB sales and head of Google Ireland. Prior to that, Herlihy held leadership positions at tech companies in Europe and the United States. [...]
Aviva “maintaining the momentum” of turnaround October 29, 2015 Aviva is "maintaining the momentum" of its turnaround, keeping the business on track for ongoing growth. The figures Within life insurance, value of new business grew 25 per cent to £823m, up from £685m for the same quarter last year, while Aviva platforms attracted £2.2bn net inflows in the nine months to 30 September. New business [...]
UK pensions: Almost £3bn withdrawn from pension savings pots since April this year, HMRC reveals October 28, 2015 HMRC announced today that 251,000 flexible payments from pensions, totalling £2.7bn, had been made since the pension freedoms rules came into effect in this April. In the last six months, 146,000 people have made a withdrawal from their pension under the new rules. The figures also showed that the number of people taking flexible payments [...]
London Irish v Saracens to be played in New York as Aviva Premiership Rugby lands in America October 27, 2015 London Irish and Saracens will play each other in New York in the Aviva Premiership's first ever overseas fixture. The two London clubs will swap the Big Smoke for the Big Apple on Saturday 12 March, with the Exiles' home fixture set to be staged at the 25,000 capacity Red Bull Arena, home of the New York [...]
Fans deserve greater transparency from the Aviva Premiership’s salary cap settlements October 27, 2015 With the Rugby World Cup drawing to a conclusion, English rugby fans' attention is switching to domestic matters – where they have found even more sources of frustration and confusion. Last Thursday evening, following a board meeting, Premiership Rugby released a statement setting out salary cap arrangements for the 2016/17 and 2017/18 seasons, a [...]