Brits rely on state pension March 9, 2015 FOUR out of five Britons are planning to rely on the state pension when they retire, according to new research from insurer Zurich. The company found that 83 per cent of people who are retired or expect to retire said the state pension would be important in funding their retirement, although the same amount of [...]
Danger zones: Everything you need to do to stay safe when working in risky locations. March 8, 2015 Deadly diseases, wild animals, terrorism, crime, kidnapping, political unrest, harsh laws, cultural misunderstandings, extremes of climate, loneliness and isolation – all risks that may be experienced by those assigned to work in dangerous places. From treating Ebola sufferers in Sierra Leone to oil exploration in Iraq, world events show that both the risks – and [...]
Aviva rebounds from restructure and regulations March 5, 2015 AVIVA has turned a corner but still has a long way to go said chief executive Mark Wilson as the company reported a rise in profits yesterday. The insurance giant boosted its dividend by 30 per cent and its strong figures for 2014 pushed shares up 7.05 per cent at the close. The company has [...]
Quindell in £7.1m sale of stake in accident repair firm Nationwide March 5, 2015 EMBATTLED insurance outsourcer Quindell yesterday announced it had sold its minority stake in Nationwide Accident Repair Service, after earlier denying it was looking to do so. Quindell said it had sold its entire holding – approximately 11m ordinary shares – in the British building society’s vehicle repair service at 65p a share. The company has [...]
Admiral’s profit slows but is still sweet enough March 5, 2015 ADMIRAL Group yesterday described its 2014 results, in which pre-tax profit fell year-on-year by four per cent to reach £357m, as a “Baked Alaska” with contrasting positive and negative elements. Earnings per share fell by two per cent to reach 103p, while group revenues amounted to £1.97bn, a drop of three per cent from 2013. [...]
City Moves for 06 March 2015 | Who’s switching jobs March 5, 2015 Dean Street Advisers Dean Street Advisers has announced that Evgenij Klenin is joining the firm. He previously worked at Arma Partners, where he focused on M&A transactions in the technology, media & telecommunications and aerospace & defence sectors. Savills The real estate firm has appointed Andrew Holden as director in its property management team. He [...]
Aviva ensures FTSE stays near its record high – London Report March 5, 2015 ARALLY by insurance giant Aviva and same sector shares pushed the FTSE100 closer to record highs again yesterday. The blue-chip FTSE 100 index closed up 0.6 per cent at 6,961.14 points, near the 6,974.26 record it set this month. Traders said that European equities were further supported by confirmation that the European Central Bank (ECB) [...]
UPDATE: Quindell share price recovers after it sells stake in Nationwide Accident Repair Services and announces share issue March 5, 2015 Shares in insurance outsourcing firm Quindell started the day six per cent lower at 88p, but then bounced back to 91p by mid afternoon after it said it had sold its minority stake in Nationwide Accident Repair Services. It said it sold its stake in the British building society’s vehicle repair service on 4 March for 65 pence [...]
Aviva share price rises after full-year profit leaps and final dividend gets a 30pc boost March 5, 2015 The figures: UK insurer Aviva said full-year operating profit rose six percent to £2.17bn in 2014, slightly above forecasts of £2.15bn. It proposed a 30 per cent increase to its final dividend taking it to 12.25 pence per share, cheering investors and pushing the company's share price up six per cent to 564 pence per share at pixel [...]
FTSE climbs in late rally as BA owner IAG soars – London Report March 4, 2015 BRITAIN’S top share index rebounded late yesterday, helped by a surge in British Airways owner International Airlines Group (IAG) due to strong traffic figures and by rallies in broadcaster ITV and bank Standard Chartered. The FTSE 100 snapped a three-day losing streak to end 0.4 per cent higher at 6,919.24 points after trading as low [...]