Cameron calls on insurers to cut premiums February 13, 2012 DAVID Cameron will today announce plans to reduce insurance premiums by cutting red tape, reducing legal bills and tackling the high number of spurious claims. Proposals include a plan to reduce the number of whiplash claims by enforcing a higher evidence threshold for injuries and cutting the £1,200 fee that lawyers can earn for small [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 12, 2012 FINANCIAL TIMES SFO TARGETS CRIMINAL COMPANY DIVIDENDS The UK’s fraud investigator intends to confiscate shareholder dividends paid by companies convicted of criminal offences, after it won approval for a landmark court action. The Serious Fraud Office won a civil recovery order yesterday against the principal shareholder of a company that had admitted corruption. GROUPAMA TO [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 8, 2012 FINANCIAL TIMES CAMERON RISKS FURY OVER EXTRA IMF CASH David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund – and indirectly to ailing members of the Eurozone – in a move likely to infuriate eurosceptic MPs in his own conservative party. Extra British [...]
Admiral slides as car insurers face OFT probe December 14, 2011 SHARES in motor insurer Admiral fell more than four per cent yesterday after the competition watchdog said it would probe whether motor insurance firms were inflating prices for fixing crashed cars yesterday. The Office of Fair Trading said it was concerned that drivers paying for third-party repair claims and courtesy cars are charged too much [...]
Turn your travel dreams into gold December 4, 2011 With the New Year just around the corner, now is the perfect time to start thinking about where 2012 will take you. If your resolution is to discover new places – be it the south coast of England or South America – the Preferred Rewards Gold Card from American Express can make your getaway even [...]
Banks fuel FTSE gains as investors eye US jobs data December 2, 2011 Banks helped lift the FTSE 100 this morning as a concerted effort by central banks to trigger easier credit among lenders continued to bolster investor sentiment. Despite grim manufacturing data from across the globe yesterday — and a bleak outlook given by Bank of England Governor Mervyn King — markets overall have responded positively to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2011 FINANCIAL TIMES LLOYDS SET TO EASE PRESSURE ON CHIEF Lloyds Banking Group is exploring ways to reduce the workload on António Horta-Osório, its chief executive, as it attempts to convince investors he will be able to make a successful comeback from a period of medical leave. The state-backed bank is considering fortifying the support around [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 24, 2011 FINANCIAL TIMES TERRA FIRMA SEEKS €1BN SOVEREIGN FUND POOL Guy Hands’ Terra Firma Capital Partners is looking to raise up to €1bn (£860m) from a sovereign wealth fund to retain its ability to do deals after the investment period of its buy-out fund runs out next year. The private equity group has been approached by [...]
LORD MAYOR STEPS UP SECURITY FOR AMBASSADORS’ RECEPTIONS November 24, 2011 IT HAD to be the Queen. “No-one else has that level of police presence,” said one City observer when he noted a convoy of four police motorbikes and two impressive cars making its way towards the Walbrook Building in stately fashion. But no – it was Lord Mayor David Wootton, who had stepped up his [...]
Halfords suffers fall in profits November 10, 2011 HALFORDS, the seller of car parts and leisure products, saw pre-tax profits fall by 20 per cent in the first half of the year as hard-up motorists cut back on the maintenance of their vehicles to save cash in tough times. Profit at the group, which owns 466 Halfords stores and 246 Autocentres in the [...]