Happening now in the City: Insurance giant Convex Insurance targeted over coal November 24, 2021 Convex Insurance, the London-based insurance company, is targeted this morning at the London Market Conference by environmental organisation Market Forces, putting further pressure on the insurance company to rule out underwriting the controversial Adani Carmichael coal project. Convex has not ruled out the project despite 40+ other major insurers having done so. The Adani Carmichael [...]
A rich tradition of English law has always kept our EU rivals on their toes November 24, 2021 It’s the economy, stupid, was the refrain coined by James Carville to help Bill Clinton win his 1992 presidential campaign. The US was experiencing an economic recession and the incumbent president, George HW Bush, was seen as out of touch. Yet the levers for prosperity are few in number. The main ones are tax rates, [...]
Small businesses won’t survive 2022 without Christmas bumper, research shows November 24, 2021 Almost one fifth of small and medium-sized enterprises (SMEs) will not survive 2022 without a Christmas bumper period, as around 36 per cent of businesses make 20 per cent of their annual revenue during the festive period. Research from business insurance provider Simply Business has highlighted how two thirds of business owners believe a good [...]
Energy cap backlash gets louder as MP who called for measure says it has ‘completely failed’ November 23, 2021 The energy price cap has “completely failed” says John Penrose, the Conservative MP who first called for a consumer tariff in parliament.
Blockchain and DeFi: Drivers of change in asset management November 23, 2021 “The future of assets is tokenized.” That’s what Mona El Isa, the founder and CEO of Avantgarde Finance, told the audience at the Alpha Summit by CFA Institute in May this year. “If you make that assumption, you can totally re-imagine the infrastructure that finance is built on,” she continued. “You can see a totally automated operational and [...]
Mauricio Preciado-Awad CA: Making a big impact with small change November 22, 2021 This article first appeared in ICAS’ CA magazine. UK social investment has grown sixfold in a decade, thanks in part to Big Society Capital using money from dormant bank accounts. Investment Director Mauricio Preciado-Awad CA tells Kitty Finstad about the big impact of small change If you were living in the UK around the time of [...]
TUI eyes glorious summer ahead as holiday bookings mount November 22, 2021 Travel giant TUI has announced above-average booking growth driven by a flurry of holiday bookings for next summer.
Half of Brits are ready for overseas getaways, research shows November 22, 2021 More than half of British adults are planning an overseas holiday in the 12 coming months. Data from travel insurance company Allclear has revealed that 57 per cent of British people actively want to go back to travelling, a 46 per cent increase compared with last year. People aged over 55 will drive demand during [...]
LV= slaps down paltry Bain deal payday speculation November 22, 2021 Insurer LV= has slapped down reports of paltry pay outs to members from the proposed tie up with US private equity giant Bain. The City insurer, founded in 1843, has characterised reports that members will receive £100 from the deal with Bain as a wholly “misleading comparison”. Instead, with-profit members will receive the majority of [...]
Crossrail’s trial operations to begin ahead of opening November 22, 2021 Trial operations on the Crossrail are finally underway ahead of its opening in the first half of 2022, almost three years after the project’s initial deadline. Operations will involve exercises to ensure the project’s safety and reliability, while also testing the timetables. Over the coming months, more than 150 scenarios will be carried out – [...]