Durham, Exeter and St Andrews: These are the university where students get most for their money September 8, 2015 Out of the top 20 universities in the UK, Durham is where students' money goes the furthest, according to research by Moneysupermarket. By looking at a series of living costs, including rent, average price of a pint and cost of car insurance, they found that students at this northern university were most likely to [...]
British shopper loads could lighten in race to roll out driverless vehicles September 6, 2015 BRITISH shoppers and businesses could save a fortune if haulage companies start using driverless technology, a new report has revealed. The study found that the advent of automated, driverless vehicles in the courier and haulage sectors could deliver nearly £34bn in savings in a decade, significantly lightening the load for companies if those savings are [...]
Pensioners shun Lamborghini lifestyle as savers opt for sound investments September 3, 2015 Fears that savers would blow their pension pots after new freedoms were introduced have failed to materialise, according to new figures that show Brits opting for sounder investments. Savers took £2.5bn out of their pensions, about £27m a day, during three months following new rules that came into place in April. Yet, during the [...]
The poorest have most to gain from the Financial Conduct Authority making it easier to innovate August 25, 2015 One of the FCA’s statutory objectives is to promote effective competition in the financial services sector in the interests of consumers. As the economy continues to settle into a new phase, it is fair to ask whether the FCA should adjust the balance of its focus on market enforcement and instead ensure resources are [...]
Uber offices raided in Hong Kong after driver arrests in illegal taxi crackdown August 11, 2015 Uber's offices in Hong Kong have been raided by police following the arrest of five drivers in the country. An operation cracking down on illegal taxis lead to the arrests, AP reports citing a police statement. The drivers are being held on suspicion of illegally carrying passengers and driving without insurance, it said. It's just [...]
Amlin goes racing green with Formula E August 7, 2015 Global insurers Amlin announce their sponsorship of Formula E team Andretti for the next season today. Head of communications Adrian Britten, who was so proud of “the best looking cars on the road”, also hinted that the firm may start using electric company cars. “We’ve had a very positive response from our senior teams.”
Uber’s race to the bottom: The wheels will come off this controversial business July 31, 2015 Uber causes a storm wherever it goes. First, there’s the storm of applause as passengers initially embrace what looks like an exciting, disruptive new technology. Then, there’s the storm of protest as people start to understand what the business model is really all about. Treating taxis as just another tech challenge raises all sorts [...]
FTSE stumbles over corporate results and commodity falls – London Report July 21, 2015 BRITAIN’S top share index edged lower yesterday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound for gold-mining companies and a rally in car insurers. The FTSE 100 index closed down 0.29 per cent at 6,769.07p after gaining 0.2 per cent in the previous session. EasyJet was [...]
Comparison site results steadied by car insurance July 15, 2015 COMPARISON site Moneysupermarket said rising car insurance premiums are keeping the company steady after a slow six month growth period. Moneysupermarket’s trading update, released yesterday, claimed the company noted “a marginal increase in car insurance premiums.” Revenue since January saw an overall growth of 18 per cent, with insurance revenues rising by eight per cent [...]
Sergei Pugachev shows: You just do not mess with the Kremlin July 14, 2015 Sergei Pugachev was once a trusted and close friend of Russian President Vladimir Putin. But not anymore. His case, as much as any of the string of mysterious deaths of people who have upset the Kremlin, go to show how Putin has carved out power in Russia for some time to come, despite economic hardship [...]