What are AT1 bonds and why has UBS started selling them? November 8, 2023 AT1s were designed in part to make it less likely that the taxpayer would have to bail out a failing bank
Direct Line: Shares rise as insurer credits ‘pricing actions’ for strong motoring growth November 7, 2023 Direct Line's share price spiked by four per cent on the FTSE 250, making it the second-top riser on the index.
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.
New route for employers to offload retirement plans as UK’s first pension ‘superfund’ deal gets approved November 6, 2023 The UK’s first commercial pension “superfund” deal was cleared by the UK regulators on Monday, opening a new route for employers.
Prudential: Hong Kong drives new business profits up 37 per cent as Asia strategy credited November 6, 2023 Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy. Prudential said its Hong Kong arm led the surge, but it also increased sales to both Chinese mainland visitors and domestic customers [...]
Businesses expect taxes to rise after general election November 6, 2023 More businesses expect taxes to rise rather than fall after the next general election, according to a new survey.
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Aviva ‘immoral’ as row over defence company investment hots up November 6, 2023 Defence secretary Grant Shapps has warned insurance giant Aviva against 'immorally' divesting from defence companies.
Five things to look out for in Hunt’s Autumn statement November 6, 2023 Theoretically, tax cuts are possible. Thanks to fiscal drag, the public finances are in better shape than most had expected.