Aviva profit up despite weather claims March 4, 2010 INSURER Aviva reported a three per cent increase in 2009 profit, with cost cutting helping to offset a rise in weather-related claims. The company’s operating profit of £3.48bn was up from £3.37bn the previous year, its annual results showed. Analysts had pencilled in a profit fall to £3.01bn.
FTSE rises as commodities and financials set the pace March 3, 2010 BRITAIN’S leading shares gained 0.9 per cent yesterday, boosted by strength in miners and oils, banks and life insurers, as upbeat US data lifted Wall Street. At the close, the FTSE 100 was 49.15 points higher at 5,533.21, ending at a seven-week peak on its fourth straight session of gains. “All the figures were pretty [...]
Metronet failures have cost public £410m, say MPs March 1, 2010 ChairmEn of large listed companies in the UK were warned to justify executive pay packets by one of the country’s biggest fund managers, it emerged yesterday. Aviva’s fund management arm, Aviva Investors, wrote to over 800 firms telling them it expected salaries and bonuses to be “prudent [and] aligned to business strategy and performance over [...]
Aviva warns firms over executive pay March 1, 2010 ChairmEn of large listed companies in the UK were warned to justify executive pay packets by one of the country’s biggest fund managers, it emerged yesterday. Aviva’s fund management arm, Aviva Investors, wrote to over 800 firms telling them it expected salaries and bonuses to be “prudent [and] aligned to business strategy and performance over [...]
London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 28, 2010 THE SUNDAYS The Sunday Telegraph NIKE BOSS MARK PARKER DEMANDS NEW RULES ON VALUING BUSINESS The global chief executive of Nike, one of the most powerful retail brands in the world, has said that companies will have to find more sophisticated ways of judging value and impact on the environment if they are to resist [...]
CITY MOVES | WHO’S SWITCHING JOBS February 25, 2010 Rothschild Rothschild has appointed Mark Kary (pictured) and Helen Watson as managing directors in its private banking & trust division. Kary joins from Polar Capital Holdings where he was chief executive officer and prior to that he spent 19 years at Morgan Stanley. Watson also joins Rothschild from Morgan Stanley where she worked in the [...]
SPORT | IN BRIEF February 23, 2010 Goode signing for Worcester RUGBY UNION: Relegation-threatened Worcester have landed a coup by completing the signing of England international fly-half Andy Goode for next season. The Brive star will make the move to Sixways after finishing a five-week deal with South African Super 14 side, Sharks. Warriors director of rugby Mike Ruddock is a long-term [...]
Good day for blue-chips sees FTSE flirt with the 5,300 level February 17, 2010 Britain’s top share index rose for the third consecutive day yesterday, led by financials and miners on bullish corporate results and economic data, and adding to growing optimism over the health of the global economy. The FTSE 100 ended up 32.58 points, or 0.6 per cent at 5,276.64, touching a two-week high during the session [...]
Banks suffer as concerns over their Greek exposure weigh February 11, 2010 BRITAIN’S top share index closed 0.6 per cent higher on Thursday, as gains in commodities outpaced falls in banks, which remained mired in uncertainty over Eurozone’s plans to deal with Greece’s debt problems. BT Group slumped 8.8 per cent, topping the losers’s list on the FTSE 100 and hitting a more than six-month low after [...]