More than half of PE and VC firms have all-white investment teams March 17, 2021 Private equity and VC firms are making great strides with gender diversity but the industry is still significantly lagging on ethnic minority representation, according to new research. Analysis by the British Venture Capital and Private Equity Association (BVCA) and Level 20 reveals all male investment teams have declined from 28 per cent in 2018 to [...]
Aviva boss Amanda Blanc appointed Women in Finance Champion March 17, 2021 Amanda Blanc, chief executive of Aviva, has been appointed the Treasury’s Women in Finance champion. She succeeds Dame Jayne-Anne Gadhia, former chief executive of Virgin Money, who led the 2016 review into the representation of women in the industry. The Treasury launched its Women in Finance Charter after the review and it now has over [...]
Women sentenced after faking husband’s death for £400,000 insurance claim March 15, 2021 A woman from London faces two years imprisonment after she reported her husband dead in an attempt to defraud her insurer £397,153. Thuile Bhebhe, 51, reported that her husband had died in Zimbabwe in August 2016, submitting false documents to her insurer, Aviva, in order to substantiate her claim. But discrepancies in the paperwork submitted [...]
Share of Brits working from the office rises to pre-lockdown level, as remote working appeal fades March 5, 2021 Share of Brits working from the office rises to pre-lockdown level
Business chiefs urge Boris Johnson to speed up return to office review March 5, 2021 The bosses of some of London’s top businesses have urged Boris Johnson to accelerate a review that will determine when people can return to the office. The government is set to carry out a review of Covid safety measures such as one-metre social distancing and mask-wearing that will pave the way for a return to [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
Rathbones ends ‘challenging’ year with a dividend hike March 4, 2021 Investment management giant Rathbones finished a ‘challenging’ 2020 with £54.7bn funds under management, the firm said this morning, after enjoying growth of 8.5 per cent last year. The firm’s underlying profit before tax increased by 4.3 per cent to £92.5m, meanwhile its funds business soared 32.4 per cent to £9.8bn. Chief executive Paul Stockton said: [...]
Aviva reports record group protection sales as it sells off Italian business March 4, 2021 Insurance giant Aviva has reported operating profit remained stable even in the face of the pandemic amid a sale of its Italian and French division. The insurer reported operating profit of £3.16bn while its core business cash remittances rose marginally to £1.4bn. The FTSE 100 company said it had delivered record sales in group protection [...]
Campaigners slam Aviva’s ‘ambiguous’ net zero commitment March 1, 2021 Climate campaigners have questioned Aviva’s net zero commitment claiming the insurance giant will continue to invest in fossil fuels. This morning Aviva announced it planned to shrink its carbon footprint to net zero by 2040. The firm said it had written to the biggest carbon emitters in its portfolio urging them to sign up to [...]
Wagamama owner The Restaurant Group burns through £5.5m a month during lockdown March 1, 2021 Wagamama owner The Restaurant Group has said it expects to burn through £5.5m a month until lockdown restrictions are lifted. The group announced details of the cash burn rate at Christmas but today said it expected to stay at this level until the end of restrictions, which are due to be lifted no earlier than [...]