Shareholder Spring claims new casualties May 10, 2012 THE SHAREHOLDER Spring continued to blossom yesterday as investors rejected another executive pay settlement. Pendragon, Britain’s leading car dealer, was forced to back down on plans to increase its directors’ pay packets after 67 per cent of shareholders voted against its remuneration report. Meanwhile almost half of Trinity Mirror investors voted against the proposed pay [...]
RSA moves away from motoring with growth in newer markets May 3, 2012 INSURANCE group RSA said it was off to a good start to the year as newer markets offset a slump at its car insurance business, More Than. Net written premiums rose five per cent to £2.2bn in the first quarter of the year, thanks to a rate hike coupled with a one per cent uptick [...]
Ministers promise to fight against dubious claims of whiplash May 2, 2012 MINISTERS yesterday urged motor insurers to lower the cost of car insurance, while promising to fight against spurious whiplash claims that have pushed up the cost of premiums. Transport secretary Justine Greening chaired a Whitehall meeting that looked at ways of tackling a “compensation culture” that has pushed the number of claims up by 70 [...]
Admiral sales motor ahead but share price is stuck in reverse April 26, 2012 SHARES in motor insurer Admiral fell yesterday despite it posting a nine per cent increase in sales. The Cardiff firm, which owns price comparison website Confused, said first quarter group turnover hit £586m but said there had been “no change in claims trends” compared with the final quarter of 2011, when payouts to customers fell [...]
Insurers under fire over cost of policy changes April 15, 2012 INSURERS face a new threat to their profits after Which launched a campaign against the fees charged on car and home policies. The industry, parts of which paid out large sums last year following a string of natural disasters around the world, stands accused of charging “exorbitant fees” for simple changes to policies. Consumer group [...]
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WHAT THE OTHER PAPERS SAY THIS MORNING April 2, 2012 FINANCIAL TIMES OBAMA WIDENS LEAD AS REPUBLICAN SOCIAL DEBATE ALIENATES WOMEN Barack Obama has opened a large lead over Mitt Romney among women voters arfter the recent conservative debate in the US over contraception, according to a new poll. Obama has struggled to win voters’ trust on the economy. DATA WATCHDOG JOINS ROW OVER EMAIL [...]
Crozier gets cosier with ITV and pockets £2.16m in first full year March 29, 2012 ITV’s chief executive Adam Crozier earned a pay package worth almost £2.2m in 2011, his first full year since taking the helm of the broadcaster in April 2010. Crozier received a salary of £798,250, boosted by a £634,082 cash bonus and a further £634,082 worth of stock. His total compensation was boosted to £2.16m by a [...]
Good tax cuts drowned out by a series of silly errors March 21, 2012 SOMEBODY like me – a believer in lower taxes and less government intervention – ought to love this Budget. I certainly like the fact that the top rate of tax will fall by five percentage points (even if this will only happen in 13 months’ time), and that corporation tax is being cut to 24 [...]
Financials and miners lift the FTSE to a new high for 2012 March 14, 2012 BRITAIN’S FTSE 100 closed at its highest level this year yesterday as banks and miners rallied after encouraging economic data out of Europe and the US, although volumes were weak and traders said the market could be nearing its top. London’s blue chip index closed up 63.16 points, or 1.1 per cent at 5,955.91, but [...]