News - Job losses ‘bitter blow’ for city
Posted on May 14, 2008 - Filed Under Finance insurance | Leave a Comment
About 450 jobs are being axed at Norwich Union in York, taking the city’s job losses over the past year to more than 1,000.
Aviva, which owns Norwich Union, said it planned to cut more than 4,000 jobs across the country by 2008.
City of York Council said the losses were “a bitter blow” and it would […]
Read More...News - Henderson raises John Laing bid
Posted on May 13, 2008 - Filed Under Finance insurance | Leave a Comment
The takeover battle for UK construction and infrastructure group John Laing has taken a fresh twist after fund manager Henderson increased its bid offer.
Henderson’s private equity arm is now offering 1bn ($1.9bn) for the business as it aims to trump a 958m offer from German insurance company Allianz.
John Laing agreed to Allianz’s bid at the […]
Read More...News - Pension Bill heralds long term changes
Posted on May 11, 2008 - Filed Under Finance insurance | Leave a Comment
Governments are often accused of thinking short term.
But a pensions reform Bill, included in the Queen’s Speech, is one of the most consciously long term bits of planning seen for some time.
Looking ahead to 2050, its main aim is to provide a higher level of state pension for many more people over the coming decades.
The […]
Read More...News - Telecom Italia to get new owners
Posted on May 10, 2008 - Filed Under Finance insurance | Leave a Comment
Telecom Italia is to remain in European ownership after a group led by Spain’s Telefonica agreed to buy a controlling stake for 4.1bn euros (2.8bn).
Telefonica and a number of Italian finance firms will acquire an 18% stake in Olimpia, Telecom Italia’s parent firm, from tyre company Pirelli.
Telecom Italia’s share ownership structure means the deal will […]
Read More...News - What price fraud protection?
Posted on May 9, 2008 - Filed Under Finance insurance | Leave a Comment
Many people are afraid of having their identity stolen or becoming a victim of bank card fraud.
But is it worth paying for fraud protection offered by banks and card firms?
Money Box Listener Karen from Hampshire recently received an offer from a company called Style Financial Services.
Free trial
If you didn’t cancel within 30 […]
Read More...News - Centrica starts talks to sell AA
Posted on May 8, 2008 - Filed Under Finance insurance | Leave a Comment
UK energy company Centrica has said is in talks to sell its roadside recovery business, the Automobile Available car finance insurance quote
.
With its bright yellow logo, the AA is one of the UK’s best-known firms and has more than 12 million members.
However, Centrica has said it wants to focus on its main utilities businesses […]
Read More...News - Muslims face no child fund option
Posted on May 7, 2008 - Filed Under Finance insurance | Leave a Comment
Muslim families in receipt of Child Trust Fund vouchers are currently unable to use them as the available accounts do not comply with Sharia law.
Islamic law forbids all forms of financial interest and has strict rules about the kind of products Muslims can invest in.
And if the industry does not respond to the demand, in […]
Read More...News - Insurers call on FSA to improve
Posted on May 6, 2008 - Filed Under Finance insurance | Leave a Comment
Insurers have called on the Financial Services Authority (FSA) to “improve” its investigation and enforcement procedures.
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of British Insurers (ABI) accused FSA staff of building cases against insurers to send a tough message to the market.
The FSA is reviewing its investigation procedures […]
Read More...Sport - Romanov will spend despite losses
Posted on May 5, 2008 - Filed Under Finance insurance | Leave a Comment
Hearts chairman Roman Romanov has vowed to bolster the squad in January despite the posting of pre-tax losses of 2.7m for the past tesco finance car insurance year.
Romanov said: “While there is much work to be done, the club is in a much better position than 12 months ago.
“The team-building process continues with further investment […]
Read More...News - What price fraud protection?
Posted on May 4, 2008 - Filed Under Finance insurance | Leave a Comment
Many people are afraid of having their identity stolen or becoming a victim of bank card fraud.
But is it worth paying for fraud protection offered by banks and card firms?
Money Box Listener Karen from Hampshire recently received an offer from a company called Style Financial Services.
Free trial
If you didn’t cancel within 30 […]
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