RSA Insurance Group’s share price plunges as Zurich tells RSA: It’s not you, it’s us September 22, 2015 RSA Insurance Group’s share price plunged yesterday after rival firm Zurich revealed it was walking away from a £5.6bn takeover bid. RSA’s share price closed down 20.84 per cent as investors digested the shock news. Zurich’s share price was also down, albeit a less remarkable 2.79 per cent. Zurich said it was abandoning [...]
Small business owners feel benefits of growing economy September 21, 2015 Two thirds of small business owners are confident about the opportunities for business growth over the next five years. A survey by insurers Axa shows that 62 per cent of SME owners say they are thriving as a result of owning their own business. Glen Parkinson, SME business director at Axa PPP healthcare, said: “It’s [...]
Greek debt crisis: Greece’s banks could still tip the fragile country into disaster September 21, 2015 When the Eurozone crisis first erupted five years ago, it was a crisis of confidence in the ability of peripheral countries (Greece, Spain, Portugal) to pay back the debt incurred in financing their swollen government deficits. Those countries, including Greece, have since virtually eliminated their fiscal deficits and, following the re-election of Alexis Tsipras [...]
RSA share price plummets 20 per cent as Zurich Insurance says talks are off for possible takeover September 21, 2015 RSA Insurance Group's share price plunged this morning after rival firm Zurich revealed it was walking away from the £5.6bn takeover bid. RSA's share price was down 21.9 per cent in early morning trading as investors digested the shock news. Zurich's share price was also down, albeit a less remarkable 2.3 per cent. Zurich [...]
The only way to shoot big game, with wildlife photographer Paul Goldstein September 21, 2015 One June morning I found myself in the back of a mud-splattered four-by-four, the savannah sun beating down upon my head, a torrent of profanities drumming my ears, and a full-grown cheetah eyeing me down the barrel of my Canon lens. As she prowled the long oat grass I struggled to keep her in focus. [...]
Insurers look to technology to boost profits by profiling clients September 20, 2015 New technology, which monitors how fast you drive and where you go, as well as your Facebook profile is the future for setting insurance premiums. A survey by Interim Partners, found that, in addition to tracking technology installed in potential customers’ cars, insurance executives said social media profiling, combined with geographic, political and economic data, [...]
City Moves for 21 September 2015 | Who’s switching jobs September 20, 2015 LEGAL & GENERAL PROPERTY Stephen Murden has been appointed residential development manager in Legal & General Investment Management’s real assets division. He joins from CBRE, where he was director of development and project management. Murden has 15 years’ experience in the sector. ICBC STANDARD BANK Raj Kumar has been appointed head of precious metals business [...]
China may have stumbled – but the UK still has much to gain from closer links September 20, 2015 Next month, there is an immensely important event on the diplomatic calendar. The Chinese President Xi Jinping will pay us a state visit and, as a result, the eyes of over 1bn people will be on us. I for one relish the prospect – it’s an opportunity for the City to pull out all [...]
Rugby World Cup 2015 will showcase sport’s booming licensing opportunities for brands September 18, 2015 The culmination of months of sporting excitement aside, there are plenty of business reasons we should be happy about the arrival of the Rugby World Cup in our back garden. One of them is the opportunity within the licensing industry. The licensing industry is booming –the International Licensing Industry Merchandisers’ Association’s recent Annual Global [...]
Fed up markets down? It’s about funding not rates September 18, 2015 Global markets were sent into a tailspin yesterday after the Federal Reserve held fire on interest rates amid fresh concerns over the Chinese economy and emerging markets. But market mavens should be paying attention to funding, rather than interest rates. It’s frequently said and not always in jest, that the credit markets are smarter than the stock [...]