Law firm Ince’s shares to remain suspended after further results delay January 31, 2023 The listed law firm Ince announced this morning it has further pushed back the publication of its results for the last financial year. Ince told markets this morning that auditors BDO have “informed the company that they require additional time to conclude their audit procedures.” That means the publication of the firm’s annual report for [...]
Sam Torrance: Rory McIlroy was just too good for Patrick Reed at Dubai Desert Classic January 30, 2023 Rory McIlroy had it all thrown at him during the Dubai Desert Classic – a host of LIV Golf players, led by Patrick Reed, hunting him down and even that rarity in the Gulf, a rain delay. But the world No1 took it all in his stride. He handled the extra day’s play and in [...]
Howden’s revenues jump 60 per cent as insurance broker looks to capitalise on ‘very turbulent’ market January 30, 2023 Insurance broker Howden today posted “record” results for 2022, reporting a 60 per cent increase in revenue, with its chief executive adding that the firm was primed to further profit from the economic uncertainty heading into 2023. The insurance broker’s chief executive David Howden told City A.M. has said the London firm is primed to [...]
Sir Nigel Wilson: City grandee to step away after decade of success at Legal and General January 30, 2023 Respected City grandee Sir Nigel Wilson will step away from the top job at Legal & General after more than a decade at the helm. The insurer and pensions provider announced Wilson’s planned retirement to markets this morning. Wilson will stay with L&G until a successor is found, with the firm expecting that process to [...]
London and Tokyo can tell a tale of two cities connecting national financial centres January 30, 2023 London and Tokyo are tight in a strong bond centred around financial services. The UK and Japan are close allies, and can only become closer if we invest in this financial partnership, writes Nicholas Lyons
FCA to take swift action against firms flouting consumer duty rules, lawyers warn January 29, 2023 The Financial Conduct Authority is expected to take swift action against firms that fail to comply with new rules to protect savers and retail investors, City lawyers have warned. The City watchdog announced a major overhaul to consumer regulation last summer in the new Consumer Duty, which is set to shift greater onus onto companies [...]
Direct Line boss James quits as another insurance firm counts the cost of the deep freeze January 27, 2023 Direct Line said it was seeking a new chief executive following the resignation of Penny James. James, who was also a director of the FTSE 250 company, will be leaving with immediate effect. Jon Greenwood, who was Direct Line’s chief commercial officer, will step in as acting chief executive officer until a permanent replacement is [...]
London motorists hit with sharpest uptick in car insurance costs as UK premiums surge January 25, 2023 Motorists are now paying £100 more for car insurance than last year, according to new research which shows premiums have increased at their sharpest rate in six years. Car insurance premiums have increased 19 per cent over the past 12 months, meaning motorists now pay average sums of £629 to insure their vehicles, Confused.com’s Car [...]
Who watches the watchdog? “Quis custodiet ipsos custodes?” Part III January 25, 2023 The third instalment of Lord Holmes' thoughts on the Financial Services and Markets Bill which is at the committee stage in the House of Lords today.
December’s deep freeze: Cost of living crisis leaves Aviva with a £50m bill for burst pipes and water tanks January 25, 2023 Aviva said last December’s freezing weather meant it had to pay out £50m to policyholders claiming for damage caused by burst pipes and water tanks. An Aviva spokesperson told City A.M. said soaring energy costs had led to more frozen pipes because households were more reluctance to turn on the heating, leading to more extremes [...]