After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Here’s why insurance will be all change on Friday August 7, 2016 Those with weighty insurance contracts might want to double check their paperwork this week, as a law change which shifts more responsibility onto the insured, rather than the insurer, is due to come into force. The majority of the provisions of the Insurance Act 2015, which received Royal Assent back in February 2015, will become [...]
Insurance giant Anbang denies eyeing up £7bn takeover of InterContinental Hotels Group August 7, 2016 Chinese insurance giant Anbang has denied it is eyeing up the FTSE 100-listed hotels chain InterContinental Hotels Group (IHG) in a £7bn deal. Anbang Insurance Group had held talks with City bankers about launching a takeover bid for IHG, which owns the Holiday Inn, Crowne Plaza and Candlewood Suites brands, the Sunday Times reported. However, a spokesman for [...]
Insurers expected to have weathered the Brexit vote storm August 7, 2016 Insurers are expected to reveal they have navigated referendum uncertainty just fine when they announce their half-year results next week. Pensions, investments and insurance giant Standard Life will reveal how it has performed in the first six months of 2016 on Tuesday, as will Legal & General. Meanwhile, results are due from Prudential on Wednesday and from [...]
City Moves for 5 August 2016 | Who’s switching jobs August 5, 2016 PKF Littlejohn PKF Littlejohn has appointed Catherine Heyes as a partner. Catherine joined PKF Littlejohn as a senior tax manager in April 2014. She works with colleagues across the firm to provide clients with holistic advice and solutions in order to resolve problems and present opportunities relevant to their particular circumstances. Her advisory expertise includes employee share schemes, exit strategies, [...]
Kellogg’s profit snaps, crackles, and pops up August 4, 2016 Corn Flakes and Rice Krispies maker Kellogg's has pushed up its 2016 profit forecast after saving more than expected from its cost cutting measures. In 2013 Kellogg laid out plans to save $475m annually by 2018 by cutting jobs and production costs. Kellogg’s sales costs fell 11.5 per cent to $2bn in the second quarter, [...]
Opinion: Why we need a new certification system to make sure new homes will last for generations to come August 4, 2016 Plans set out by the government to build one million new homes by 2020 has instigated a mad rush to push through as many developments as possible in the coming years. It is vital that we learn from past mistakes of quick-fire developments, built in a hurry that are now obsolete or no longer fit [...]
Before the bell: What you need to know before the US market open August 4, 2016 The Bank of England has cut interest rates and markets are loving it. Here's what you need to know before the US market open at 2:30pm London time. US stock futures are pointing up ahead of the open. The S&P is up by 0.15 per cent, the Nasdaq is up by 0.05 per cent, while [...]
Markets poised for crunch interest rate move from Bank of England August 4, 2016 Markets are standing by this morning for the Bank of England to take interest rates to a record low later today – and the nerves are showing. Sterling is falling ahead of the announcement and the FTSE 100 has also eased back as traders assess just how much fuel the Bank of England will throw onto the [...]
RSA share price ticks up with strong second quarter August 4, 2016 Insurers RSA claim they are on course for another bumper year after posting a big jump in operating profits and hiking its dividend in the first six months of the year, sending the shares up 2.7 per cent at the open. The figures Pre-tax profits came in at £148m for the first half of the year. This [...]
Aviva hikes dividend by 10 per cent as operating profit rises 13 per cent – but combined operating ratio deteriorates August 4, 2016 Insurance giant Aviva has hiked its dividend after posting "encouraging" results for the first half of 2016. The figures Operating profit was up 13 per cent to £1.33bn, from £1.17bn last year, with operating earnings per share up one per cent to 22.4p, from 22.1p in the first half of 2015. General insurance net written premiums [...]