Insurers including Direct Line, Aviva and Admiral band together to examine future of driverless cars January 18, 2016 Some of Britain's largest motor insurers, including Direct Line, Aviva and Admiral, have banded together to plan for a future when driverless cars are the norm. The Automated Driving Insurance Group, which will be led by trade body the Association of British Insurers (ABI), is assessing the insurance implications of the rise of driverless technology. The group [...]
Best UK companies to work for in 2016: Jaguar Land Rover, AstraZeneca and Harrods top the list January 14, 2016 Jaguar Land Rover, AstraZeneca and Harrods are the top three UK companies to work for, according to a ranking by Statista, which was compiled for Bloomberg. Other household names comprising the top 10 included Adidas, Dyson, Microsoft, Estee Lauder, Sky, Frankie and Benny's and Rolls-Royce. Those working in the professional services were most likely to recommend their employer, while employees in [...]
Train fare rises: The worst value rail journeys in Britain revealed as London to Newcastle, London to Edinburgh and London to Leeds January 11, 2016 A new study has revealed which rail journeys offer the worst value for money compared with the cost of driving – and some of the routes are even slower than going the distance in four wheels. A return trip from London to Newcastle costs nearly £159 more than travelling by car, making it the worst value [...]
Driverless car bump in the road? Our three biggest fears about autonomous vehicles, revealed January 6, 2016 It's the year of the driverless car, as everyone from big tech companies to traditional car brands, ambitious startups to academics, make inroads in the burgeoning technology which could soon change the way we travel. There may be one bump in the road to mass adoption, however, and that's consumers. Half of us would refuse to [...]
AA drives into connected car tech with joint venture Intelematics Europe January 5, 2016 The AA has sealed a joint venture to develop connected car services which could improve roadside assistance services and even lower motorists' car insurance. The London-listed company today announced the launch of Intelematics Europe, a joint venture co-owned by the AA, two other European roadside assistant clubs and Intelematics. The move marks another step into the [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
Comparethemarket.com: Cost of average car insurance soars to record high December 30, 2015 The cost of an average car insurance premium has soared to a record high, according to new data from Comparethemarket.com. The comparison website's motor insurance index has shown average car insurance premiums across all age groups currently stands at £675.61, the most since 2012. It added that the main reasons behind the jump in costs are the [...]
Christmas comes early for Uber as burdensome regulations look set to be disregarded December 23, 2015 Uber is expected to receive an early Christmas present today as a raft of burdensome regulations that would have effectively shut the firm down in the capital look set to be disregarded after fierce opposition from business groups and consumers. The final responses to a Transport for London (TfL) consultation on how to better regulate [...]
Renault completes Lotus takeover December 21, 2015 French manufacturer Renault will return to the Formula One grid in 2016 after formally completing its takeover of the financially ailing Lotus team yesterday. The car giant completed a share purchase agreement and confirmed that it would settle the debts owed by Lotus to HM Revenue and Customs and other creditors, which in turn signalled [...]
Robots to take over the world in 2016, and five other crushingly predictable tech forecasts December 18, 2015 Every year the tech glitterati creates “tech predictions”. Once these were far-fetched, futuristic and fantastic. They promised jet cars, space food and handheld communicators. Nowadays, when our smartphones have almost as much computing power as Tim Peake’s new home, they can be a little… repetitive. So. Will those tech predictions everyone’s making come to pass? [...]