The car insurance boss who wants to motor into new foreign markets August 22, 2010 It is a case of ‘Recession? What recession?’ for motor insurance firm Admiral, which is in the middle of taking on 750 staff in the UK alone this year. And that means an awful lot of meetings for the Cardiff-based firm’s 53-year-old chief executive Henry Engelhardt. The Chicago-born boss meets every one of his new [...]
PERSONAL FINANCE NEWS August 19, 2010 LOYALTY DOESN’T ALWAYS PAY Shopping around for a cheaper quote for your car insurance really does pay off, according to research from Which?, the independent product-testing and consumer campaigning champion. It surveyed nearly 2,500 consumers and found that more than a third accepted their original car insurers’ renewal quotes because they “couldn’t be bothered to [...]
Surge in food prices keeps inflation high August 17, 2010 RISING food prices offset a drop in the cost of fuel in July but annual inflation remained stubbornly above 3 per cent in July. The strong inflation figures forced Bank of England governor Mervyn King to pen his second letter of explanation to chancellor George Osborne and to admit that the Monetary Policy Committee (MPC) [...]
ROTHSCHILD BANK HEIR COMES IN TO LAND ON PLASTIC BOTTLE BOAT July 25, 2010 IT’S the end of a rather long nautical road today for banking heir David de Rothschild. De Rothschild, a devoted environmentalist, set out from San Francisco back in mid-March, in an attempt to sail over 7,500 nautical miles across the Pacific ocean… in a boat made from 12,500 recycled plastic bottles. The stunt was designed [...]
Admiral diversifies into home insurance July 20, 2010 BRITISH car insurer Admiral yesterday announced plans to expand into household insurance, making its first foray outside the motor market in pursuit of continued growth. Admiral, which insures about six per cent of the cars on Britain’s roads and also owns popular price comparison website Confused.com, will start underwriting household insurance next year, a spokesman [...]
Eurotunnel sees increase in traffic July 19, 2010 EUROTUNNEL has said traffic has gone up in the past six months. The channel tunnel operator said truck traffic had soared by 41 per cent while were 17 per cent more cars passed through the tunnel. And the Eurostar passenger train, which runs through the tunnel, saw a six per cent increase in traffic on [...]
Our national neuroses require a subtle cure July 13, 2010 LAST week, David Cameron condemned what he calls a “national neurosis” driving health and safety regulation. He was quoted in the Daily Mail saying: “The rulebooks keep getting thicker. The restrictions keep getting sillier.” Presumably, he is paving the way for the summer release of Lord Young’s inquiry into “the rise of compensation culture (and) [...]
CITY VIEWS: SHOULD ALL BANKS CONSIDER MONTHLY FEES? July 7, 2010 JIM BAND ROBERTSON CAPITAL “I used to be charged a monthly fee, after I set up a premium account without realising. I wasn’t seeing the benefits so I stopped and went back to a free account. Companies should pay for the services they get, but personal accounts don’t give enough to be value for money [...]
CITY GOES RURAL IN A PASSION FOR SPEED July 4, 2010 CITY petrol-heads were out in force over the weekend, among 175,000 visitors to the Goodwood Festival of Speed at Goodwood House outside Chichester. Among the business visitors to the F1 racing event were Arnauld Bamberger of Cartier, Audi’s Peter Duffy, BlackRock’s James Charrington, and Alfa Romeo/Fiat Group’s Richard Gadeselli. They turned out to watch top [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2010 FINANCIAL TIMES FEARS FORCE IMMIGRATION CAP RETHINK Senior Conservative ministers are forcing a rethink on the party’s flagship immigration policy to make it more business-friendly after warning that a rigid cap on migrants could damage the British economy. Theresa May, home secretary, will next week launch a consultation on the migration plan, with a promise [...]