After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
This is how many people will ditch their car insurer this year, as the costs of premiums continue to rise May 4, 2016 It's not you, car insurers. It's the constant rise in premiums. More than 11m drivers will leave their car insurer in 2016, as rising premiums boost people's incentive to shop around, a study out today has found. According to the figures from Consumer Intelligence, the average quote for car insurance has risen by £22 this year, [...]
Soon-to-be retirees are longing to take a gap year May 4, 2016 Those reaching pension age are more similar to university students than you'd think, as many are hankering for a gap year, research out today has found. According to the study by Investec Wealth & Investment, around a third (31 per cent) of UK professionals are considering taking a sabbatical of at least six months before they finally retire. More [...]
Green Flag boosts Direct Line Insurance Group to gross written premium growth May 4, 2016 Direct Line Insurance Group reported a boost to its gross written premiums in its first set of quarterly results for 2016, thanks in part to continued growth in its Green Flag partnership. The insurer revealed that gross written premiums from ongoing operations had grown by 4.2 per cent to £777.8m in the three months to March [...]
Are emerging markets getting their mojo back? May 4, 2016 Emerging markets may be getting some of their mojo back after a tough couple of years. So says Goldman Sachs Asset Management (GSAM), citing a rally in emerging market bonds. Yacov Arnopolin, a portfolio manager for the GSAM emerging markets debt team, is encouraged that the recent interest in emerging markets has been broad-based and [...]
City Moves for 4 May 2016 | Who’s switching jobs May 4, 2016 Marsh Marsh, the insurance broker and risk adviser and a wholly owned subsidiary of Marsh & McLennan Companies, has announced that Abbey Sturrock has joined the firm’s political risk and structured credit practice as a senior vice president within the public agency group. Based in London, Abbey will be responsible for delivering Marsh’s market-leading advisory [...]
At the close: FTSE 100 goes away in May as miners prove the movers May 3, 2016 Traders are superstitious folk, and today – the first day of trading in the month of May – they headed for the hills as the FTSE 100 tumbled to a three-week low. The bluechip index closed down 0.9 per cent on the day at 6,185 in a bad day all round for Europe. The German Dax [...]
Aegon to buy BlackRock’s UK Defined Contribution (DC) platform and administration arm May 3, 2016 Aegon has today announced it is buying BlackRock's UK Defined Contribution (DC) platform and administration arm. The Dutch insurer will be acquiring assets worth roughly £12bn along with 350,000 customers, to create a workplace savings business worth £30bn. Meanwhile, asset manager BlackRock, which will be retaining £65bn of its DC business, will turn its focus [...]
Health insurance in the UK is about to become more costly, but it could be worse – you could be shopping for a policy in Russia May 3, 2016 The cost of health insurance in the UK is expected to experience its biggest jump for the last five years, according to a report out today. The research by Willis Towers Watson found that health insurance costs were expected to grow by 6.5 per cent in the UK in 2016, which is one of the [...]
A Spring is in the air this May – Shareholder revolt set to build with Aviva and Reckitt Benckiser meetings May 3, 2016 Company bosses are braced for further uprisings this week. Consumer goods group Reckitt Benckiser, insurance giant Aviva, and FTSE 250 hedge fund Man Group all host shareholders for their annual general meetings. Last week the shareholder spring picked up pace as investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE [...]
Businesses rattled as latest survey points to an economic slowdown May 3, 2016 Business confidence has plummeted during the last few months due to severe volatility on the financial markets, the approaching EU referendum and the introduction of the national living wage, according to a new survey out today. The latest confidence monitor from the Institute of Chartered Accountants in England and Wales (ICAEW) and Grant Thornton, fell [...]