After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The next great tax reform: Universal Basic Income May 12, 2016 Radicalism and popularity rarely march in step. Yet, there is one policy that the Chancellor has pursued, urged on by the Liberal Democrats when in coalition, that has achieved both: the expansion of the personal tax allowance. By the end of this parliament, the personal allowance is likely to have nearly doubled in cash terms [...]
EU referendum: National Insurance registrations shows immigration to be higher than thought because of short-term migration, ONS says May 12, 2016 The number of non-UK nationals registering for National Insurance (NI) numbers is higher than other official statistics due to short-term migration, long-awaited analysis has shown. The Office for National Statistics (ONS) found a large number of people entered the UK for a short period of time (one to twelve months) over the past two years, which [...]
City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
JRP Group feeling positive off the back of last set of pre-merger results, even though they revealed a dip in total new business sales May 11, 2016 JRP Group has today revealed its final set of quarterly results relating to before its merger, in which the group chief executive revealed that he felt "positive about the future". JRP Group was formed when Just Retirement completed its merger with Partnership Assurance Group earlier this year but after the period being reported on today. Total [...]
Allianz confirms it is aiming for €10.5bn for 2016, give or take €500m May 11, 2016 Allianz today confirmed its operating profit outlook of approximately €10.5bn (£8.3bn) for 2016, after experiencing what it called a strong start to the year. "The first quarter represented a great start to the year," said Dieter Wemmer, finance chief of Allianz SE. "We are well on our way towards achieving our operating profit target in the range of [...]
Costs forcing millions to move back with parents after a break-up May 11, 2016 Financial pressures have been blamed for forcing 7.2m adults to move back in with their parents after a break-up. Rising rent and mortgage costs mean many are unable to pay for separate accommodation, according to research from Churchill Home Insurance out today. Financial reasons were listed as the main cause of needing to move back [...]
Gross written premiums growth for Hiscox despite having to navigate “more difficult markets in bigger ticket lines” May 10, 2016 Hiscox reported a boost to its gross written premiums in a trading statement today, despite having to navigate "more difficult markets in bigger ticket lines". The insurer announced that total gross written premiums had grown to £640.5m for the three months ending March 2016, up 14 per cent on a reported basis from £561.7m the year before. [...]
Credit Suisse posts second quarterly loss and warns over tough market conditions May 10, 2016 Credit Suisse posted its second quarterly loss today, as it warned tough market conditions could persist until at least the second quarter. The figures Credit Suisse reported a post-tax loss of 302m Swiss francs (£215m) in the first three months of 2016, compared to a profit of 1.1bn francs during the same period last year. But this was narrower than the average forecast [...]
As it dominates discussion at the Eurogroup, will Greece’s crisis go on indefinitely without debt relief? May 10, 2016 Vicky Pryce, a director at the Centre for Economic and Business Reform and author of Greekonomics, says Yes. Greece’s deficit has shot up to over 7 per cent of GDP and debt to more than 180 per cent of GDP as a result of the latest bailout – with the money mostly used to repay debt [...]
Live: Pensions lifeboat says that it had concerns about the BHS pension scheme in 2012 May 9, 2016 The BHS' pension scheme was on the Pension Protection Fund's (PPF) radar as far back as in 2012, MPs were told today. Alan Rubenstein, chief executive of the PPF, also explained to a committee hearing that the scheme had a 23-year recovery plan at that point, which is significantly longer than would usually be allowed. Lesley Titcomb, [...]