Insurance giant Aviva to slim down with sale of property debt June 14, 2015 Aviva, the FTSE 100 insurance firm, is said to be selling off property loans to the value of billions of pounds. One source familiar with the matter told City A.M. that big four audit firm Deloitte is currently working with Aviva. The property debt reportedly includes loans secured against House of Fraser’s department store in [...]
Health sector set for change – New York Report June 14, 2015 HEALTHCARE sector investors seem bullish ahead of a crucial Supreme Court ruling on the Affordable Care Act. The court meets today but may not issue a ruling on King v Burwell, a challenge to President Obama’s signature healthcare reform legislation, until later this month. At issue are the tax credits that help about 6.4m Americans [...]
Cornwall, Scotland and Wales: These are the most popular destinations for a British summer holiday June 13, 2015 Brits will be flocking to destinations across the length of breadth of Britain this summer, with almost two-thirds saying they intend to take a holiday in the UK. According to research for the Post Office travel insurance domestic holidays report, popular BBC drama Poldark has made Cornwall the most coveted home holiday spot – a [...]
Royal London fits the bill to protect birds June 11, 2015 Insurance firm Royal London Group has been appointed Pelican partner by the Royal Parks Foundation, to look after the birds living in St James’s Park. The partnership, which runs from now until March 2018, was designed to conserve the presence of pelicans in the capital. Royal London will support the birds’ feeding costs and veterinary [...]
Don’t fear an increasing minimum wage – it helps the country’s poorest June 11, 2015 The great challenge for the government over the next five years is to raise productivity and living standards, while also continuing in its efforts to cut the deficit. Significant reform to planning, skills, tax and regulation will all be necessary. But one regulation which should not be abolished is the National Minimum Wage (NMW). When [...]
The parking permit postcode lottery – and why Birmingham and Manchester trump London by £300 June 11, 2015 Living in a city and owning a car was always going to be an expensive pursuit – but it turns out the gap between what councils charge residents to park varies wildly. A study by Churchill Car Insurance has found that while some districts charge nothing for their residents to park, in other areas, it [...]
Unions blame HSBC chiefs for UK job losses June 9, 2015 UNIONS promised to fight for HSBC staff after the giant bank announced 8,000 in the UK will lose their jobs. Around 100 branches in Britain will close, and the retail bank will get a new headquarters in Birmingham as the group implements the ring-fence which splits up retail and investment banking. “Unite are seeking to [...]
Old Mutual to sell stake in US asset manager June 9, 2015 OLD MUTUAL is preparing to sell a further stake in OM Asset Management (OMAM), the boutique asset manager it spun off in a float on the New York Stock Exchange last year. The Anglo-South African investment, savings, insurance and banking group, which is listed on the FTSE 100, yesterday said it would use the proceeds [...]
Wimbledon set to serve up aces June 9, 2015 WASH your whites and let out your waistbands; Wimbledon 2015 is just over three weeks away. Fans are gearing up for the party of the year and to cheer dour Brit Andy Murray to victory. Wimbledon is the largest annual sporting catering operation in Europe. Whether you’re just coming for the finals or staying for [...]
Most women in finance don’t think they’ll ever get the top jobs, report shows June 9, 2015 Most women working in finance believe they won't make it to a senior position, according to a report by PwC. It claims there is a “perceived lack of career progression” among women, and this is preventing them from trying to rise the ranks. Read more: The world needs more women with top jobs in finance [...]