Which surprise stocks will see the biggest wins from an Internet of Things? April 3, 2014 Hot on the heels of a 75-page paper from analysts at Barclays dubbed the ‘Hyperconnected World: The digital invasion” comes another mammoth paper from banking analysts on the invasion of the internet. Morgan Stanley have published a 96-page tome detailing in great precision on the Internet of Things, or IoT in short, and its impact [...]
Watchdog under pressure after insurance firm fiasco March 31, 2014 THE CITY watchdog will come under renewed pressure from insurers today demanding urgent action from George Osborne to prevent a repeat of the regulator’s mis-step that led insurance shares to plunge on Friday. The industry will write to the chancellor to raise “serious concerns” about the disclosure of information by the Financial Conduct Authority (FCA) [...]
The UK is not as dependent on Russian money as you think March 24, 2014 IT IS obvious that Russia is a significant source of jobs, trade and investment for the UK. But it is also important not to exaggerate these links: while they matter a lot for a few industries, they are less important overall than some commentators assume. It is entirely untrue that London would collapse without Russian [...]
Top ten budgeting apps: balance your books with tech downloads March 19, 2014 Now you’ve finished reading about The Budget, have you thought about your own finances? Look no further because technology has the solution. Melissa York introduces the apps that will get you back in the black METER READINGS 99p, Apple App Store Never have an unexpected or inaccurate utility bill land on your doorstep again by keeping [...]
Admiral results solid not flashy says top boss March 5, 2014 CAR insurer Admiral has announced good results for 2013 with overall profits up 7 per cent despite an 8 per cent fall in group turnover. Profit before tax in 2013 was £370m compared to £345m the year before, while earnings per share were up at 104.6 pence, a 10 per cent increase. Group chief executive [...]
“Year of the baked potato” sees Admiral profits rise March 5, 2014 FTSE 100 car insurer Admiral has reported a rise in profit before tax of seven per cent to £370m, according to the company's preliminary results for the year ended 31 December 2013. Earnings per share were up 10 per cent at 104.6p and group vehicle count was also rose four per cent. 7,000 staff are [...]
Most British motorists wouldn’t use a driverless car March 4, 2014 The Geneva Motor Show opens today, bringing with it the car industry’s latest attempts to show off driverless vehicles – but British motorists look unlikely to adopt the new technology any time soon. Swiss firm Rinspeed is exhibiting the XchangE, a concept car based on the Tesla Model S that allows passengers to sit facing [...]
Video: The City’s poshest pancake race March 4, 2014 Earlier today, spectators gathered for what has to be a contender for London's poshest pancake race – certainly the City's (remember parliament had one earlier). The 10th Anniversary Inter-livery Pancake Race, held at the Guildhall, saw four livery companies – the car men, the cutters, the insurers and the launderers – speed their battered charges [...]
What the other papers say this morning – 04 March 2014 March 3, 2014 FINANCIAL TIMES Nine private equity heads share $2.5bn The nine founders of the four big listed US private equity companies took home more than $2.5bn between them last year, with Apollo Global Management’s Leon Black alone receiving $546m. The dividend income, investment profits and other compensation shared by the founders of Apollo, Blackstone, Carlyle and [...]
Human touch March 2, 2014 Annabel Palmer talks to Lindsay Pattison, UK chief executive at Maxus Global SIR Martin Sorrell decided in 2008 that there was room in the world for another global media network. In October that year, Maxus was born. Current UK chief executive and global chief strategy officer Lindsay Pattison has been credited with humanising and realigning [...]