Financial resilience will be the backbone to withstand a tough winter recession November 14, 2022 The financial services industry must find ways to help people bridge this crisis by providing insurance premium wavers, affordable credit, and debt repayment deferrals.
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
Sunak handouts: 8m Brits start receiving £324 into their bank accounts from today November 9, 2022 Close to 8m low income Brits will start to receive payments of £324 into their bank accounts from today as part of the Government’s cost-of-living support. The Department for Work and Pensions (DWP) will start making the payments directly into eligible people’s bank accounts from Tuesday. There is no need for people to apply or [...]
Direct Line’s premiums slump amid challenging market backdrop November 8, 2022 Direct Line’s adjusted gross premiums have slumped slightly against a challenging market backdrop. In the nine months ended 30 September, the insurer’s total group premiums were £2.3bn – down 3.5 per cent on last year’s levels. Its Motor and Home markets went down 8.9 per cent and 10.1 per cent respectively, while Direct Line delivered [...]
Business travel is back, but not as we knew it November 3, 2022 After the challenges of recent years, business travel continues to bounce back. American Express’ latest research finds that over four in 10 (42%) UK businesses are looking to increase the amount of business travel they undertake over the coming year. 1 The research proves that travel and the value of in-person connections go hand-in-hand in driving [...]
Smaller than expected hit from Hurricane Ian sees Hiscox weather storm November 2, 2022 Anglo-Bermudan insurance company Hiscox today said it had “performed well” in the previous quarter’s complex trading environment after taking a smaller than expected hit from Hurricane Ian. Hiscox said it expects to lose $135m (£117m) as a result of the Category 4 hurricane that made landfall in Florida this September – a sum “well within” [...]
Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
New breed of private capital firms will face performance headwinds October 18, 2022 Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
City Moves: Who’s switching jobs in the Square Mile? October 18, 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. Knight Frank Knight Frank has poached a new head of central London property management from real estate advisory JLL. Andrew Child, who spent over 13 years at JLL, will help expand the existing central London property management [...]
Analysis: Truss can’t buck the markets October 14, 2022 Around eight minutes is how long prime minister Liz Truss today allocated to explain why she sacked her chancellor for implementing her tax cuts and signed off her second mini budget U-turn. She clarified neither. She answered four questions and committed to her “mission” to boost growth in the UK at a Downing Street press [...]