Tingo Group reveals impressive 2022 financial results April 6, 2023 Tingo Group, Inc. (NASDAQ: TIO) has announced its financial results for the fiscal year ending December 31 2022.
US regulators call in Blackrock to sell stricken Silicon Valley Bank and Signature portfolios April 6, 2023 US regulator the Federal Deposit Insurance Corporation (FDIC) has called in investment giant BlackRock to sell the securities portfolios of Signature Bank and Silicon Valley Bank after their collapse last month.
FTSE 100 close: Markets close in the green despite US jobs data pointing to possible recession April 5, 2023 London’s blue chip index ended in the green on Wednesday despite weak data from the US raising the risk of a recession. The capital’s premier index closed 0.37 per cent higher at 7,662.94 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended 1.14 per [...]
Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation April 5, 2023 The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021. Group revenue for the year was [...]
Aviva completes £400m bulk annuity deal with Deutsche Bank April 4, 2023 Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the Deutsche Bank (UK) Pension Scheme. Aviva will insure the defined benefit pension liabilities for nearly 1,300 members, removing the investmentand longevity risk of these members from the scheme. Aviva said members would experience no change in the amount of [...]
Nigel Lawson and the City: If you seek his monument, look around April 4, 2023 The modern City of London simply would not exist without the reforms driven through by the late Nigel Lawson
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]
Over 50s take to the waves once more as cruise and insurance giant Saga’s revenue boosted by 50 per cent April 4, 2023 Over 50s specialist Saga boosted its revenue by more than 50 per cent on last year, as older and middle-aged Brits returned to cruises and holidays post pandemic. Shares in the company were up almost three per cent this morning, as it announced 2023 earnings of £581m for the year ended January 31, up from [...]
Royal London snaps up Aegon’s protection business, adding 400,000 customers to its books April 4, 2023 Royal London, one of the UK’s largest life, pensions, and investment mutuals, has snapped up Aegon UK’s individual protection business. The acquisition, which is subject to court approval, will see the transfer of 400,000 customers’ life insurance, critical illness and income protection to Royal London. Barry O’Dwyer, group chief executive of Royal London said: “We [...]
May 2023 local elections: All you need to know April 4, 2023 In just over a month, voters in some parts of the UK will be heading to the ballot box for the local elections. Polling stations will open for residents to select local councillors – in what’s often seen as a key test for the government’s popularity, particularly after the turbulence of recent months. It’s also [...]