Low growth predicted in second quarter as Brexit uncertainty and rising costs bite July 1, 2019 Two of Britain’s biggest business groups have warned of dismal growth for the second quarter of 2019 as political turmoil and rising costs take a heavy toll on the UK economy. Downbeat forecasts for the health of the country’s private sector have been laid bare by two major business trade bodies, the British Chambers of [...]
Drive a Lambo around the UK thanks to Dream Collection and the City A.M. Club June 28, 2019 My stable of cars is filled with the latest models, allowing me to choose the perfect ride to suit my lifestyle. “For a weekend away with the kids – their bags, bikes and trikes – I chose the Range Rover Autograph or Audi Q7; both are perfect companions for a family adventure. “For a stress [...]
A bold pro-business Prime Minister should let Liz Truss shake things up June 27, 2019 There’s another month to go until we have a new Prime Minister, but pro-market Conservatives can already start breathing a sigh of relief. For a start, both contenders for the top job have pledged to cut tax. Jeremy Hunt has promised to cut the rate of Corporation Tax from 19 per cent to 12.5 per [...]
Should you follow directors into this bombed-out stock? June 12, 2019 By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
‘Miserable’ month for drivers as petrol prices near five-year-high June 5, 2019 British drivers faced a “miserable” May as petrol prices came within touching distance of a five-year high. Forecourt petrol prices reached nearly £1.31 per litre last month, over 2p more than in April. The new price is 11p more expensive than at the beginning of February, data from insurance company RAC shows. Read more: Oil [...]
Esure and Directline founder Sir Peter Wood leads insurance start-up funding round May 28, 2019 Esure and Directline founder Sir Peter Wood has led a £2.5m funding round in insurance start-up Pikl. Wood received £360m when he sold his stake in Esure to private equity firm Bain Capital last year. The serial entrepreneur also founded Directline in the 1980s, allowing customers to buy insurance over the phone, later selling his [...]
Life in the slow lane? City of London Corp hopes to impose 15mph speed limit across Square Mile May 24, 2019 As the home of London’s hustling financial sector, the Square Mile is not known for moving slowly. But for motorists, that could soon be about to change, after the City of London Corporation agreed to make it the first area in the country with a 15mph speed limit. Read more: Seeking solace in the Square [...]
City Moves for 21 May – Who’s switching jobs at Cazoo, Invesco and Headland? May 21, 2019 Today's City Moves includes Cazoo, Invesco and Headland. Cazoo Cazoo has announced Alex Gersh, formerly chief financial officer (CFO) of Paddy Power Betfair, has joined as its first CFO. Having raised over £30m late last year, Cazoo is seeking to transform the used car market in the UK. Alex joins Cazoo after spending 6 years [...]
Expensive business: Five ways to prepare your finances for your first child May 9, 2019 It has arrived. And I’m not just talking about the royal baby, but the mania – the 23-page newspaper spreads, the bets on baby names (Archie was definitely not the bookies’ favourite), the frenzy over the first glimpse of the little sprog. I don’t want to put a downer on all the celebrations, but babies aren’t [...]
Half of motorists think charging loyal car insurance customers more should be illegal April 24, 2019 Fifty per cent of motorists think it should be illegal for insurers to charge existing customers more than new customers for the same cover, a new survey said today. The research by price comparison site Go Compare showed 61 per cent of participants felt insurers treat existing customers less favourably by charging those who renew [...]