The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
What George Osborne’s Budget means for you: Five case studies including an entrepreneur, an apprentice and a chief exec March 16, 2016 Accountants from BDO ran the numbers for City A.M. to see the effect George Osborne's 2016 Budget will have on people with a variety of different incomes, living situations and responsibilities. THE BUSINESS WOMAN Catherine Gannon, chief executive at Gannons Commercial Law Gannons Commercial Law continues to perform well as profits and earnings increase on last year. [...]
Budget 2016 predictions: What to watch out for in chancellor George Osborne’s red box today March 16, 2016 Chancellor George Osborne will unveil his spending plans in the annual Budget to Parliament in the House of Commons at 12.30pm today. What we already know… A fresh round of government spending cuts Osborne warned over the weekend that a slowdown in global growth would lead to further fiscal tightening, saying he would use the Budget to slash 50p [...]
Budget 2016: Over-50s hit by 22 per cent rise in car insurance premiums – as George Osborne prepares to hike insurance tax again March 14, 2016 The over-50s have been hit by a 22 per cent rise in car insurance premiums since October 2013, new research has revealed – just as George Osborne is getting ready to hike tax on insurance policies again. To be fair, the figures, by market researcher Consumer Intelligence, found the over-50s still pay the lowest insurance premiums, shelling [...]
Budget 2016: Industry groups warn chancellor George Osborne against hiking insurance premium tax as EY Item Club urges against planned £4bn in spending cuts March 14, 2016 Leading industry groups are pleading with the Treasury to give British businesses a break at this week’s Budget, as chancellor George Osborne eyes up a major tax hike on insurance premiums and higher tax revenues from Britain’s biggest banks. The AA warned over the weekend that the chancellor is considering raising the basic rate of [...]
Competition and Markets Authority’s investigation into the big six: It’s time to welcome a new era in the energy industry March 11, 2016 An eighteen month investigation into the energy market is nearing a close, and the Competition and Markets Authority (CMA) has recommended some practical solutions. This is much needed, given that 20 years after privatisation, 70 per cent of big six customers are still on the most expensive tariff and have been for far too long. We've consistently said [...]
Admiral’s share price hits record highs and leads the FTSE 100 higher after strong results March 3, 2016 Insurance group Admiral has posted a six per cent rise in pre-tax profit to £377m which sending its shares to a record high and leading the FTSE 100 to fresh highs for the year. Higher car insurance rates were one of the biggest drivers of profit for the company, as Admiral pulled in more customers but lowing its prices to [...]
Formula One rising star Jordan King on how it takes more than cash to become a champion March 2, 2016 Jordan King is just 22-years-old, but to talk with him you’d think he’d been racing in Formula One for a decade, such is his calm confidence and commercial aptitude. He’s currently contesting F1’s feeder series, GP2, and testing for the Manor F1 team with the hope of stepping up to a race seat next year. [...]
Insurance industry underprepared for the disruption of the internet of things, and it’s disappointing tech-savvy and highly connected generation Y March 1, 2016 Consumers' increasing love of technology could revamp the insurance industry, but many in the profession are underprepared for the change ahead, a report out today has found. According to the Capgemini and Efma's most recent annual World Insurance Report, most modern day consumers, particularly those from generation Y, have vastly different needs and demands that traditional insurers [...]
Stealth taxes on insurance are driving up costs for businesses and motorists: Don’t make it any worse, chancellor March 1, 2016 The rise in the rate of Insurance Premium Tax (IPT) from 6 to 9.5 per cent, announced in last year’s Budget, did not grab the headlines. But it has had a very real impact. It has led to a further financial squeeze on millions of responsible businesses and households who have done the right thing [...]