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 [...]
Aviva: we’ll be the last to quit UK March 8, 2012 AVIVA has pledged its future to London, with chief executive Andrew Moss telling City A.M. that his firm will not follow the Prudential and consider a move abroad: “We’re here to stay. Trust me, if Aviva were to redomicile then you’d been turning the lights out in the City – because everyone else would have left first.” Speaking [...]
Aviva profits jump thanks to UK income March 8, 2012 INSURANCE giant Aviva beat expectations to announce a six per cent rise in operating profits to £2.5bn, driven by impressive earnings in its life insurance division. Chief executive Andrew Moss said his strategy of focusing the group on core products in just 12 key markets was paying off but singled out the British businesses for [...]
Admiral hits record profit in tough year March 7, 2012 ADMIRAL shares climbed 11 per cent yesterday after the firm overcame last year’s profit warning to announce better-than-expected results. The car insurance giant increased profits to £299m in 2011, up 13 per cent on the year before, largely thanks to the addition of 600,000 new customers. Turnover increased 38 per cent to £2.19bn. But although [...]
Admiral profit rise fuelled by UK growth March 7, 2012 Motor insurer Admiral said its 2011 profit rose by a better-than-expected 13 percent, with continued strong growth in customer numbers in the UK outweighing a wider loss at its fledgling international operations. Admiral, which insures one in ten cars on Britain’s roads, made a pre-tax profit of £299m last year, it said on Wednesday, up [...]