Coalition of 15 investors with total assets of £2.4trn plead with firms to protect lowest-paid workers April 14, 2023 A coalition of investors are demanding that businesses take “decisive action” to protect their lowest paid workers during the cost of living crisis. The coalition, which includes 15 investors with a combined £2.4trn in assets under management, argued that the lowest-paid workers are “disproportionately impacted by the rising cost of living.” Companies should ensure that [...]
PM Rishi Sunak lays out plans for biggest sporting event ever hosted by UK and Ireland April 12, 2023 Euro 2028 will be “the biggest sporting event our islands have ever jointly staged”, says Prime Minster Rishi Sunak, after the UK and Ireland confirmed details of their bid to stage the international football tournament. England, Wales, Scotland, Northern Ireland and the Republic of Ireland today formally submitted their proposal to governing body Uefa, which [...]
Is it over now? Where next for the banking crisis in Europe April 7, 2023 Is that it? After a few weeks of exhilarating volatility, European banking stocks have settled into a more reliable pattern. It seems dramatic regulatory interventions have stemmed the possibility of immediate financial difficulties. The question now is whether the events of the past few weeks are symptoms of wider financial problems which will be brought [...]
It’s been fun but English clubs will now bow out of Champions Cup April 7, 2023 Though English clubs represent three of the eight Champions Cup quarter-finalists, I think this weekend the gulf in class between them and the giants left in the competition will show and the trio will be knocked out. Leicester Tigers, Exeter Chiefs and Saracens remain in the hunt for European honours and are in action across [...]
Aviva completes £400m bulk annuity deal with Deutsche Bank April 4, 2023 Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the Deutsche Bank (UK) Pension Scheme. Aviva will insure the defined benefit pension liabilities for nearly 1,300 members, removing the investmentand longevity risk of these members from the scheme. Aviva said members would experience no change in the amount of [...]
Champions Cup rugby: ‘I predict eight home wins out of eight’ March 31, 2023 Though the fixtures suggest a couple of upsets, I am going out on a limb and saying that there will be eight home wins in the Champions Cup round of 16 ties this weekend. It’s one of those weekends where I will be putting my phone on vibrate and just enjoying what is set to [...]
Former HSBC Company CFO Joins GFA Exchange Advisory Board March 30, 2023 Inclusive Fintech Startup Attracts Global Experience To Transform Financial Services Mark Body, a highly accomplished financial management professional and director has recently joined the advisory board at award-winning fintech, GFA Exchange. He brings a wealth of experience as the former Global CFO of HSBC ServCo, an £18 billion business unit within the largest bank in [...]
FTSE 100 live: Ocado steams ahead again as analysts warn banks have long road to recovery March 30, 2023 London’s FTSE 100 scaled higher today lifted by middle class favourite and online supermarket Ocado extending its strong rally this week. The capital’s premier index climbed 0.32 per cent to 7,588.65 points, while the domestically-focused mid-cap FTSE 250 index, which is more in tune with the health of the UK economy, bumped 0.73 per cent [...]
Welsh rugby clubs overwhelmingly vote for WRU reform March 26, 2023 Local clubs across Wales today voted for major reform to the way the Welsh Rugby Union is governed. Of the 282 clubs eligible to vote for changes to the way the rugby union structures its board, 252 clubs voted with 245 voting in favour of reform. The successful vote at the extraordinary general meeting (EGM) [...]
Top City firms pledge to hike contributions to employees’ pensions pots amid concerns over looming savings crunch March 21, 2023 A coalition of top City firms today vowed to boost the contributions they make into their employees’ pensions in response to growing concerns about the potential for a looming savings crunch. Aviva, Phoenix and Herbert Smith Freehills all pledged to give pensions contributions equivalent to at least seven per cent of their workers’ salaries in [...]