FTSE 100 close: London lower on disappointing GDP data September 13, 2023 This comes after the UK economy shrunk by more than expected in July, with all sectors of the economy starting to come under pressure following Bank of England interest rate hikes.
Aviva to offload Singlife stake for £800m September 13, 2023 Aviva's transaction is expected to be completed in the fourth quarter of 2023, subject to regulatory approval.
St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
Britain goes private: Record use of paid-for healthcare amid NHS chaos September 13, 2023 The expansion came mainly from insured plans, around 80 per cent of which are company-paid. Insured treatments climbed to 156,000 in the quarter, up from 149,000 at the end of last year.
FCA poised for fresh clampdown on firms with new marketing rules September 12, 2023 FCA poised for fresh clampdown on firms with new marketing rules
A remarkable effort to turn grim tragedy into something positive September 12, 2023 More than two decades on, the sheer visceral terror of the September 11 attacks continues to linger. Few working in the City then, in a world of global finance, did not know someone caught up by the assault on New York in some way. In the world before immediate smartphone communication, those were anxious days [...]
Chancellor: India’s ‘Silicon Valley’ could revitalise London’s capital markets September 11, 2023 Indian firms are set to explore listing internationally on the UK’s London Stock Exchange, amid trade talks between the two nations.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn September 11, 2023 Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".
The insurance industry must rise to the challenge of damage from climate change September 11, 2023 Insurers will need to start to get to grips with the damage which could be wrought by climate change, writes Nicholas Lyons