Horse Racing Betting Tips: Count Stradivarius out and get your money on Octave August 23, 2018 WHILE the bookies will no doubt be braced for a big pay out if red-hot favourite Stradivarius lands this afternoon’s Lonsdale Cup (2.25pm) at York, spare a thought for Weatherbys Hamilton. The insurance firm put up a £1million bonus for any horse who could complete the stayers’ triple crown of the Gold Cup at Royal [...]
Professional indemnity insurance is a must, as you’re bound to make a mistake in business August 23, 2018 As professionals, we all make mistakes. Or sometimes, we are just accused of making mistakes that we didn’t make. For example, the Home Office is alleged to have lost thousands of sensitive documents. And so too in the business world: mistakes happen, and people lose money as a result. Without naming names, some of the [...]
Phoenix expects to beat cash targets as £3.2bn Standard Life Assurance acquisition nears close August 23, 2018 Insurer Phoenix Group said today it expects to beat its target for cash generation this year as it announced its half-year results. Phoenix, which focuses on acquiring life insurance units that are closed for new business, said its acquisition of Standard Life Assurance for £3.2bn was progressing well with the deal expected to close on [...]
Revolut’s Metal card offers customers cryptocurrency cashback August 22, 2018 Fintech darling Revolut today offered customers cashback in the form of cryptocurrency if they sign up to its new Metal account tier, as it aims to generate more revenue from its 2.5m customers. Those who adopt the steel card can get up to one per cent cashback in either fiat or digital currency on transactions made [...]
Uber nabs former Merrill Lynch CFO as top finance boss in race to go public August 21, 2018 Ride-hailing giant Uber today filled the long-standing vacancy of chief financial officer, easing investor concerns ahead of its plans for an initial public offering (IPO) in 2019. The spot, which was left empty after its previous occupant Brent Callinicos departed in 2015, has been plugged by financial services veteran Nelson J. Chai. Chai joins Uber [...]
Alexa can now let you automatically check the balance of your pension August 21, 2018 Amazon’s Echo Dot gadget can be used for a number of different functions – but now it can even automatically check on the balance of your pension. The smart speaker, which is activated by saying “Alexa” can already switch the lights in your home on and off, read the news and play your music using [...]
iSmash eyes partnerships with insurers as part of expansion drive August 20, 2018 Phone repair company iSmash is eyeing a range of partnerships including deals with insurance companies as it expands. The chain, which has defied high street gloom by announcing plans to expand to 70 shops in the next two years, is exploring new ways to bring in customers. Founder Julian Shovlin told City A.M. that iSmash [...]
Tesla short-sellers have the last laugh August 19, 2018 Tesla short-sellers have made a bumper $1.2bn (£940m) paper profit since the car company’s colourful chief executive Elon Musk said he is considering taking the business private. Despite making some initial gains in the immediate aftermath of Musk’s tweet on 7 August, in which he declared that funding for the move had been secured, the [...]
Countrywide of the mark as pay rebellion looms August 16, 2018 Beleaguered estate agent Countrywide could be the victim of its second shareholder rebellion in two months amid a bitter row over executive pay. Under-fire chairman Peter Long is facing the wrath of City institutions who are understood to be planning a revolt over a new incentive scheme, according to reports in Sky News. In a [...]
Quilter posts strong debut profits after growth in new client money August 8, 2018 Wealth manager Quilter reported rising profits yesterday in its first ever set of results since listing as a standalone business. Quilter, which was spun out of insurance company Old Mutual earlier this year, posted pre-tax profits of £110m in the first half of 2018, rising 16 per cent compared with the same period last year. [...]