Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
EV premiums tumble by £97, research says November 18, 2021 Insurance rates for electric vehicles (EV) have gone down by £97, from £753 to £656, while premiums for petrol and diesel slumped by £82 to £622 in the third quarter of 2021. Research from price comparison website Comparethemarket has revealed that, despite the decline, the average annual insurance for EV is still £33 more expensive [...]
How can your company reach net zero by 2030? November 11, 2021 Aon has stated that it will reach net zero by 2030, but the company will also play a significant role in helping its clients achieve similar ambitions. As public figures from Greta Thunberg to Sir David Attenborough have reminded us at Cop26 this week, we all have a part to play in tackling the climate [...]
Rothermere passes final hurdle to taking Daily Mail private November 3, 2021 Daily Mail and General Trust (DMGT) and the Rothermeres have agreed a recommended cash offer worth 255p, along with a special dividend worth 991p a share. The Rothermere family announced in the summer that it was considering an £810m bid to take the group private, giving chairman Lord Rothermere full control of DMGT. This proposal [...]
Marshmallow: The unicorn that’s anything but fluff October 29, 2021 IT’S NICE to have everybody together again, at least some of the time,” says Oliver Kent-Braham, one of the understated pair at the top of one of Britain’s newest unicorns, as he guides me through their clean, airy and now once-again buzzing Old Street office. Like most companies, the pandemic forced Oliver and his brother [...]
Aviva’s treasure trove: Insurance giant reveals quirkiest claims in its 325-year history October 11, 2021 A husband accidentally cooking his wife’s jewellery, a publican who hurt his leg while ejecting a drunken customer and an elephant squeezed into a van are among the most unusual claims that Aviva has ever dealt with. The insurance giant has trawled through its archives to unearth a “treasure trove” of claims dating back centuries, [...]
Travel insurance cheat who tried to eat evidence among £1.1bn UK fraud cases October 6, 2021 A travel insurance cheat who tried to eat the evidence and an “accident-prone” gardener who was caught out weightlifting were among the more unusual frauds uncovered, the Association of British Insurers (ABI) said this morning. The industry body said the average general insurance fraud detected last year was for £12,000, marking a £600 increase compared [...]
Newspaper tycoon Lord Rothermere has until 28 October to make £800m Daily Mail offer September 30, 2021 Since negotiations are taking longer than expected, newspaper tycoon Lord Rothermere has been granted a one-month extension to make an offer for the group behind the Daily Mail, Mail on Sunday and Metro newspapers. A previous deadline was set for today but negotiations with the pension trustees at the Daily Mail and General Trust (DMGT) [...]
Insurtech Marshmallow reaches $1.25bn valuation and becomes UK’s second black-founded unicorn September 8, 2021 Digital car insurance provider Marshmallow has smashed the $1bn threshold after its latest Series B funding round, making it the second UK unicorn with founders of Black heritage. Marshmallow’s latest cash injection of $85m values the insurtech at over $1.25bn (£907m), joining the ranks of other recent UK unicorns Starling Bank, Gousto, Zepz and Zego. [...]
Cazoo snaps up data firm Cazana for £25m as expansion continues September 2, 2021 Cazoo today announced that it had bought car pricing data platform Cazana for £25m as it continues its rapid expansion. The used car marketplace said that the purchase would help it improve its vehicle buying and pricing across the UK and Europe. It comes less than a week after the platform, the brainchild of serial [...]