Aviva courts shareholders with a buyback boost to £1bn December 16, 2021 Aviva this morning said it will increase and extend the ordinary share buyback programme it announced in August from £750m to £1bn, expected to complete by the end of March next year. It comes after the British insurance giant pledged “at least” £4bn to shareholders by next June after it came under pressure from activist [...]
Gallagher CMO: ‘Let’s get a Premiership Rugby game in Singapore’ December 16, 2021 Premiership Rugby’s main sponsor, the US-headquartered insurer Gallagher, has called for the league to stage matches overseas in locations such as Singapore and Kuala Lumpur. English club rugby’s top competition has played two regular season games in the US, in 2016 and 2017, but the experiment has not been repeated. “Let’s get a game in [...]
Rothermere wins battle to take Daily Mail owner private December 16, 2021 The Rothermere family won its latest battle to take the publisher of the Daily Mail and Mail on Sunday private after the owners of 57 per cent of the shares backed their recommended offer.
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
Things between Zurich and Greggs heat up as insurer insists on slicing bakery’s £100m covid claim to £2.5m December 14, 2021 Zurich Insurance has retaliated in a London court against a claim by bakery chain Greggs for between £50m to £100m in payouts for Covid-19 related losses, according to reports. The insurance giant told the court that its business interruption cover went up to £2.5m for a single event, according to Legal 360, which first reported [...]
Danielle Waterman: ‘We’ve done it because it needed doing’ December 13, 2021 “We’ve done it because it needed doing,” says World Cup winning former England full-back Danielle Waterman of her decision to establish the Women’s Rugby Association. “During the last part of my international career, I was supported by the RPA [Rugby Players’ Association]. They stepped in with some critical advice around support and contracts. “A catalyst [...]
Private capital must be focused on building an economy as inclusive as it is sustainable December 13, 2021 The financial sector must rise to the challenge of harnessing private capital for public good. The question of how to do it is a pressing one. A new landmark report by the G7 Impact Taskforce – launched today at the Mansion House – will seek to provide an answer in order to drive investment that [...]
LV= to review new Royal London takeover offer after £530m Bain bid scrapped by members December 12, 2021 Insurance mutual LV= will this week assess a takeover offer back on the table from rival Royal London after its members last week rejected a £530m takeover bid from US private equity giant Bain. In a vote on Friday, 69 per cent of LV=members who voted supported the deal with Bain – but they fell [...]
Ongoing Covid booster drive to eat into health and social care levy funds December 12, 2021 An ongoing booster vaccination programme to deal with recurring coronavirus pressures will eat into funds yielded from the new health and social care levy earmarked for the NHS. The government could be forced to use some of the money produced from the 1.25 per cent levy on a permanent booster campaign, with the total bill [...]
LV= chairman quits after members reject £530m Bain Capital takeover December 11, 2021 Alan Cook has stepped down as chairman of mutual insurer Liverpool Victoria after failing to secure the backing of members for a £530m deal with a US private equity firm. Cook resigned within minutes of the vote results being announced, revealing that 69 per cent of LV= members who voted supported the deal, which needed [...]