Rolls-Royce to pay ex-finance chief Mark Morris £900,000 November 5, 2014 Departing Rolls-Royce chief financial officer Mark Morris is to receive a final remuneration package of more than £900,000. His departure was announced yesterday, and took effect immediately, with no reason given for his leaving. The package, also revealed yesterday, includes £717,150 to be paid in lieu of his 12-month notice period. Morris will receive 12 [...]
Take a BOAT through green lanes: Byways Open to All Traffic are the countryside’s best-kept secret November 5, 2014 Most Londoners don’t drive for pleasure – quite the opposite; it’s a chore, a practicality, something to get out of the way as quickly as possible. But it needn’t be like this. For those in the know, there’s a way to seek adventure and discover corners of the UK that nobody has explored in decades, [...]
The art of theft: Why do thieves steal famous paintings when they’re so hard to sell? October 28, 2014 On a freezing Stockholm evening just before Christmas 2000, a group of six to eight Middle Eastern men put into action a plan they’d been working on for months. The group parked cars in the middle of the three central roads leading to the Swedish National Museum and set them ablaze. As fire engines [...]
Insurers refuse to cover new Range Rovers October 27, 2014 INSURERS are refusing to cover new Range Rovers in London after a spate of thefts of the high-end cars. Underwriters are wary of insuring the models, which cost around £100,000, unless they are parked securely and have tracking devices. Thieves have reportedly cloned keys, or used equipment to tap into the onboard diagnostic systems, to [...]
Reed Elsevier to enter China’s car insurance industry in joint venture October 23, 2014 BRITAIN’S biggest media group Reed Elsevier yesterday said a four per cent rise in underlying revenue in the first nine months kept it on track to meet its goal of growing revenue and profit this year. Reed also announced a new joint venture between its LexisNexis Risk Solutions business and Jing You, the largest supplier [...]
FTSE rises after Glaxo sets out recovery plan – London Report October 22, 2014 BRITAIN’S top share index yesterday ended higher, with motor insurers advancing on news of an increase in car premiums and drugmaker GlaxoSmithKline rising after its results. The FTSE 100 finished 0.4 per cent higher at 6,399.73 points. It had fallen more than 10 per cent in four weeks before making a marginal recovery since late [...]
Quindell sees shares soar on contract news October 21, 2014 INSURANCE outsourcer Quindell yesterday saw its share price soar 8.4 per cent, on the back of the news that it had secured a five-year contract with an unnamed “major insurer”. The deal will see Quindell provide telematics technology, devices and associated services to the Canadian top-three business, which has more than three million customers, 1,700 [...]
Car insurance price decline is over, says AA October 21, 2014 CAR INSURANCE premiums rose in the third quarter of 2014 for the first time since 2012, according to the latest AA British Insurance Premium Index. The index revealed that the Shoparound average quote for a comprehensive car insurance, which is an average of the five cheapest premiums found for a nationwide basket of “customers”, increased by [...]
Quindell share price soars after securing major contract October 21, 2014 Insurance outsourcer Quindell's share price has soared 8.4 per cent today, on the back of the news that it has secured a five-year contract with an unnamed “major insurer”. The deal will see Quindell provide telematics technology, devices and associated services to the Canadian top-three business, which has more than three million customers, 1,700 [...]
MoneySuperMarket invites customers to crush a car in latest stunt October 7, 2014 As far as publicity stunts go, MoneySuperMarket is getting a raft of attention at the moment with its Epic Car Insurance Car Crusher. The price comparison site is offering customers a chance to crush a real car with a giant metallic claw. The gigantic 6,000kg robotic hand crusher is available for 48 hours, until 9pm [...]