After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Admiral’s chief Henry Engelhardt might be setting sail and retiring in May, but at least Captain Birdseye is coming back March 17, 2016 Golden-hearted Admiral Group boss Henry Engelhardt is about to hoist the anchor and retire from his chief exec role at the insurer – and right on cue, one sea-faring brand spokesperson is about to make a comeback. After news leaked that the nation’s favourite fish finger-themed seafarer will be making a return to TV screens this year, Cap'n Birdseye [...]
Insurance group Phoenix prepares bid for Deutsche Bank’s Abbey Life March 17, 2016 Insurance group Phoenix is preparing to launch a bid for Abbey Life, which is owned by Deutsche Bank. Phoenix is understood to have hired investment bankers to advise on a bid for the company. Abbey Life has been valued at £3bn, but sources close to Phoenix told Sky News the real figure is unlikely to [...]
Almost three months after the Solvency II regulations came into force, fewer than half of EU insurers have coordinated their approach towards capital management March 17, 2016 Many EU insurers are too disorganised in their approach to managing their capital, a professional services firm has warned today. A survey published by Deloitte, which examined 50 insurance companies across 10 different EU countries, discovered that fewer than half of EU insurers have a dedicated capital management department, despite the Solvency II regulations coming into [...]
Budget 2016: Insurance premium tax raised (again) by 0.5 per cent to fund further flood defences March 16, 2016 Chancellor George Osborne announced he will be raising insurance premium tax (IPT) by 0.5 per cent in his Budget speech today. However, he also said that the money raised from the tax hike would go towards funding flood and storm defences. IPT was increased from six to 9.5 per cent last November. The new rise [...]
What George Osborne’s Budget means for you: Five case studies including an entrepreneur, an apprentice and a chief exec March 16, 2016 Accountants from BDO ran the numbers for City A.M. to see the effect George Osborne's 2016 Budget will have on people with a variety of different incomes, living situations and responsibilities. THE BUSINESS WOMAN Catherine Gannon, chief executive at Gannons Commercial Law Gannons Commercial Law continues to perform well as profits and earnings increase on last year. [...]
Budget 2016: Advice allowance for pension to be raised after recommendations from the Financial Advice Market Review March 16, 2016 Changes to the pensions advice allowance mean that people will now be able to dip into their pension pots to pay for pre-retirement financial advice. Building on the recommendations from the Financial Advice Market Review (FAMR) earlier this week, the government will open a consultation this summer on whether to allow people to withdraw £500 tax [...]
Chancellor George Osborne to borrow £33bn more than expected over next five years despite boost from cheap debt March 16, 2016 Chancellor George Osborne will borrow an extra £33bn over the next five years as he ruled out making cuts to make up for a tax receipts shortfall. Weaker economic growth left Osborne with a £49bn tax receipts hole over the rest of the current parliament and £69bn gap over the next five years. Lower incomes alone will lead to a [...]
Budget 2016: Here are the reactions to Osborne’s announcements on sugar tax, corporation tax, Insurance Premium Tax, Isas, education and growth prospects March 16, 2016 George Osborne has just announced some Budget surprises – a sugar tax, longer school days – as well as an increase in sin taxes on tobacco, alterations to ISAs and savings, and corporation taxes. Here's what analysts are already saying about the chancellor's latest agenda on… Personal allowance David Kilshaw, private clients services partner, EY [...]
Budget 2016: George Osborne’s speech in full March 16, 2016 George Osborne has just revealed the Budget for 2016. There was good news for businesses with corporation tax being sliced and business rates being reformed – but bad news for smokers and students who hate maths. Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in [...]
George Osborne cuts corporation tax – but OBR downgrades UK growth forecast as he warns “storm clouds are gathering” March 16, 2016 George Osborne has warned of "storm clouds gathering" in a wide-ranging Budget speech in which he cut growth expectations, but delivered a sop to the UK's firms by cutting corporation tax again. During his Budget speech in parliament today, he reduced corporation tax to 17 per cent, the second such cut in less than a year. "Britain is [...]