Ukip wins second MP but Labour loses shadow attorney general

first_img Share Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Thursday 20 November 2014 8:57 pm Show Comments ▼ Ukip wins second MP but Labour loses shadow attorney general Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] Ukip was on course for a second seat in the House of Commons last night as former Conservative MP turned Ukip member Mark Reckless looked certain to win back his seat after sparking a byelection when he defected. The Tories had hoped to hold on to the Rochester and Strood seat but were privately conceding defeat last night, despite a strong campaign which saw Prime Minister David Cameron visit the Kent constituency a number of times along with senior cabinet colleagues and other MPs. Questions of further defections to Ukip loom­ed over Cameron’s party last night following the win. Meanwhile, the Labour party had problems of its own as shadow attorney general Emily Thornberry resigned her post after a storm of protest over a photo she tweeted from the constituency. The photo showed a white van and house decked with three England flags, with a fellow Labour MP suggesting it was “derogatory and dismissive of the people”. whatsapp whatsapplast_img read more

Manufacturing confidence plunges from a year earlier

first_img Jessica Morris Share Monday 5 January 2015 4:13 am UK manufacturers are gearing up for a tough year as the country’s economy slows and global conditions worsen.The number of firms looking forward to an improved British economy slid to 37 per cent, from around two-thirds a year earlier, a survey by the EEF and Aldermore said today. Additionally, firms expecting conditions in the UK to deteriorate more than tripled to 17 per cent from five per cent this time last year, according to the survey of 166 senior manufacturing executives.Geopolitical concerns, rising input costs, unfavourable exchange rate movements and upward pressure on pay topped manufacturers’ list of concerns.UK manufacturing fell to a three-month low of 52.5 in December, according to the Markit/CIPS UK purchasing managers’ index (PMI). The reading was above 50 points which indicates growth, but missed economists’ expectations of 53.7.Terry Scuoler, chief executive of EEF, said:The sector is still making good strides, but confidence can be fragile and with an election on the way it is vital that uncertainty and disruption are kept to a minimum.Recovery is by no means guaranteed and we would urge party leaders – and the next government of whatever shade – to remain focused on delivering a fully balanced, stable economy where manufacturing is enabled to expand and grow.The Eurozone economy, which is one of the country’s biggest trading partners, struggled last year, ramping up pressure on the European Central Bank (ECB) to start buying government bonds at its council meeting later this month. Manufacturing confidence plunges from a year earlier whatsapp center_img whatsapp Show Comments ▼ Tags: Manufacturing sector More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekHero WarsThis game will keep you up all night!Hero WarsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplementzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorlast_img read more

Irish government takes first step towards re-listing Allied Irish Banks

first_img Irish government takes first step towards re-listing Allied Irish Banks Jessica Morris whatsapp whatsapp Show Comments ▼ Ireland’s government has taken its first step towards re-listing Allied Irish Bank with a little help from banking titan Goldman Sachs.The Irish government announced it had appointed Goldman Sachs to advise on the bank’s relisting, the completion of which would return some €21bn (£16.4bn) to the taxpayer following a bailout in 2010. Finance minister Michael Noonan wrote in an opinion piece in today’s Irish Times:I am confident that over time we will at a minimum fully recover the funds that this government invested in Allied Irish Banks, Bank of Ireland and Permanent TSB.He also said the government hopes to sell at least some of its stake in Allied Irish Banks and Permanent TSB. The latter had been part of the former Irish Life and Permanent which was split during the global financial crisis.It had rescued the banks after they became one of the country’s biggest casualties from the global financial crisis. When Ireland’s property bubble burst, the government was forced to pump €64bn into its financial system. center_img Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementElvenarIf You Like to Play, this Fantasy Game is a Must-Have. No Install.ElvenarNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Monday 12 January 2015 9:02 amlast_img read more

FTSE climbs in late rally as BA owner IAG soars – London Report

first_img Share whatsapp whatsapp 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 as 6,862.87 points in the early part of the session.The FTSE has rallied more than 10 per cent since mid-January, fuelled by anticipation of the European Central Bank’s stimulus programme, details of which are to be announced today.IAG surged in late trade to close 2.4 per cent higher at 569.50p after reporting a 5.5 per cent increase in group traffic in February.EasyJet finished the day 2.2 per cent up at 1,738p.The best performer on the index was ITV, however. It climbed 5.7 per cent to 234.50p after the company said it planned to return £250m to shareholders through a special dividend after posting a better-than-expected 2014 profit.Standard Chartered added 5.1 per cent to 1,040p as investors took heart from the bank’s planned restructuring programme despite a 25 per cent slump in profits.Barclays, up 1.73 per cent to 258.70p, rebounded from heavy falls on Tuesday, although UBS cut their price target on the stock from 305p to 295p.Miner Fresnillo fell to the bottom of the FTSE 100, down 4.2 per cent at 758p, after reporting a 40 per cent drop in 2014 profits due to falling gold and silver prices.Commodities trader and mining group Glencore – down 3.12 per cent at 282.10p – also dropped with traders linking the fall to a placing of 53.7m shares by Deutsche Bank priced at 282.45p each, compared with Tuesday’s close of 291.2p.It was joined by insurer Legal & General, down 3.9 per cent at 267.40p after its 2014 profits fell below investor expectations, up 10 per cent to £1.3bn.Weaker-than-expected Eurozone economic data also weighed on investors. The composite purchasing managers’ index for the Eurozone, showing European companies’ business activity, hit 53.3 in February, down from earlier estimates.On the FTSE 250, Afren was a heavy faller, down 21.4 per cent at 7.1p, after the stricken oil producer defaulted on its 2016 bonds. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHistory 10[Gallery] The 25 Worst Casting Choices of All-TimeHistory 10ComedyAbandoned Submarines Floating Around the WorldComedyFlight 10Secret Car Features Most Don’t Realize Their Car Is HidingFlight 10NoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition FTSE climbs in late rally as BA owner IAG soars – London Report center_img Express KCS More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Show Comments ▼ Wednesday 4 March 2015 8:20 pm Tags: Company FTSE 100last_img read more

Henderson gets boost from EU bond buying

first_img whatsapp whatsapp Tuesday 28 April 2015 9:16 pm Express KCS FUNDS firm Henderson Group reaped the benefits of European quantitative easing in the first quarter after inflows surged to a new record.The FTSE 250-listed fund manager, led by chief executive Andrew Formica, lured £3.6bn into products for the three months ending March. Strong allocations from retail investors, amounting to £2.9bn, helped drive overall assets under management to £89.4bn – a 10 per cent rise compared to last quarter’s numbers. Institutional inflows were £700m. The European Central Bank (ECB) launched an unprecedented wave of bond buying earlier this year in a bid to boost flagging growth across the Eurozone which benefitted the firm. Formica said first quarter flows were “boosted by the announcement of European quantitative easing in January.”“Increased client demand for European assets has coincided with a sustained period of excellent investment performance from our core European products,” he added.However he cautioned there were uncertainties about how long QE would last in Europe and warned on uncertainty in the UK and a future rate rise in the US. Sharecenter_img Henderson gets boost from EU bond buying More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal Past Tags: NULLlast_img read more

DLR contractors are going on a 48-hour strike next week

first_imgFriday 5 June 2015 10:30 am More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com whatsapp Tags: NULL Show Comments ▼ Catherine Neilan center_img Contractors working on the Docklands Light Railway (DLR) will go on strike this coming Monday for 48 hours  over what the unions call an “assualt on pay and working conditions”.  More than 80 per cent of DLR RMT members voted for action against the “notorious anti-union facilities company Interserve”.  RMT said there were “a whole series of issues that remain unsolved”, including pay, and claimed that management would not enter “meaningful negotiations” with union reps via Acas.  A picket line will be run on the DLR’s Poplar depot and union members from around London “are invited to attend to show their support”. The strike will run from 5:30am on Monday June 8 until 5:29am on Wednesday 10 June.  RMT general secretary Mick Cash said: “The union had no option but to move to a further 48 hours of strike action of DLR staff hired in through Interserve in this dispute.  “The union will not sit back while core issues on pay and working conditions are left unresolved. The ballot result delivered a huge democratic mandate that shows the anger amongst our members and it is about time that Interserve woke up and took note.  “That anger, determination and solidarity was displayed in the rock solid 48 hours of action at the end of last month.” Cash added that the dispute had “ramifications for the entire outsourcing industry in the UK and its virulent anti-union stance”. This is the second action in a month – RMT held a “rock solid” strike in May.   An Interserve spokesman said: “We are disappointed that further industrial action has been called. However, we have contingency plans in place to minimise any disruption to services and we will continue to work with the union to try and reach an agreement that is acceptable to everyone.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It Wise whatsapp DLR contractors are going on a 48-hour strike next week Sharelast_img read more

Figures reveal more UK firms turning to shadow banking

first_img Express KCS Figures reveal more UK firms turning to shadow banking NON-BANK lenders recorded 50 deals in the UK and mainland Europe in the first three months of 2015, financing 33 takeovers. Alternative lending is on the rise in the UK, with 28 of those 50 occurring in Britain, financial services giant Deloitte said today in its Alternative Lender Deal Tracker.These lenders range from larger asset managers to smaller funds set up by ex-investment professionals.“The alternative lenders continue their forward march, alongside the mainstream banks. We expect to see more M&A [mergers and acquisitions] from private corporates fuelled by funding from alternative lenders,” said Fenton Burgin, head of UK debt advisory at Deloitte.“This relatively new type of debt financing is providing opportunities for privately owned companies accessing debt for larger scale acquisitions that were traditionally beyond their capability.” Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndo Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comcenter_img Show Comments ▼ whatsapp whatsapp Sunday 7 June 2015 11:44 pm Sharelast_img read more

Royal London warns chancellor over pension tax system plans

first_img Share SAVINGS group Royal London yesterday warned that proposals to tax pension contributions risked putting people off saving while also driving up costs for the industry. The Treasury launched a consult­ation on pensions tax relief last month to see whether it should install an ISA-style system and tax money paid into pension pots upfront. Pension payments are currently untaxed when paid in and then taxed when paid out. Royal London’s chief executive Phil Loney said there was no evidence the idea would drive people to save more. “We think it’s a very high risk proposal,” Loney told City A.M. “We fear a reduction in the amount people save for retirement at a time when people are not saving enough anyway.” He added the plan would create a dual savings system with current savers owning two pension pots, one taxed and the other untaxed, adding to the administration costs for firms selling pensions. Elsewhere, the company said group pension sales had risen nine per cent for the six months ending 30 June. Individual pension product sales also increased by 56 per cent to £947m.The margin for new business also rose to two per cent compared with 1.1 per cent. Funds under management nudged up slightly during the period, rising one per cent to £83.4bn. More From Our Partners White House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Show Comments ▼ Royal London warns chancellor over pension tax system plans whatsapp whatsapp Tags: Tax Express KCS Wednesday 19 August 2015 5:55 amlast_img read more

Insurance firm FBD sees earnings hit by increasingly difficult claims environment

first_img Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Monday 24 August 2015 9:08 pm whatsapp Express KCS Show Comments ▼ Insurance firm FBD sees earnings hit by increasingly difficult claims environment whatsapp Share IRISH insurance group FBD yesterday reported a pre-tax loss of €96m (£71m) for the first six months of 2015, on what chief executive Fiona Muldoon called a “difficult day” for the firm and its shareholders.The company said in a statement: “The previously signalled claims uncertainty in Ireland has continued and deteriorated further. The existing business strategy has not delivered profitable growth and, given the significant losses reported today [Monday], the group has reviewed its strategic direction”.The firm is to embark on a process of “significant reserve strengthening”, and has already strengthened prior year reserves by €88m.According to the company, “the adverse case reserve development experienced in the first half of 2015 has been worse than any previous periods.” It attributed this deterioration to legal changes around claims which have taken place over the past 18 months.Meanwhile, the company is also moving to a focused business strategy, concentrating on its farming and agri book, and plans to divest its stake in FBD Property and Leisure.“These results reflect very serious increased claims costs in our industry,” said Muldoon.“We are taking decisive action now to de‐risk our strategy and return to profitability by the end of 2016.” last_img read more

Chinese woes take toll on miners as FTSE slumps 3pc – London Report

first_imgWednesday 2 September 2015 5:02 am Chinese woes take toll on miners as FTSE slumps 3pc – London Report whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom NationMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com whatsapp Tags: Company FTSE 100center_img THE FTSE 100 yesterday slump­ed three per cent, its worst one-day fall in over a week, with miners hit hardest after a slump in the manufacturing sector in China – the world’s biggest com­m­odity consumer.The blue chip index closed down 189.40 points, or three per cent, to 6,058.54.China’s Purchasing Managers’ Index (PMI) fell to 49.7 in August from the previous month’s reading of 50.0, its weakest in three years.Mining companies were among the biggest fallers in the FTSE 100, with shares in Glencore dropping 9.98 per cent and Anglo American down 7.6 per cent. BHP Billiton de­clined 6.71 per cent.In the mid caps, China worries also hit shares of hedge-fund manager Man Group, down 6.8 per cent after the boss of its China unit was reportedly taken into custody as part of a probe into the causes of recent market volatility.The top gainer was engineering components firm Meggitt, up 2.4 per cent, with a trader citing a pick-up in auto sales and a government pledge to spend more than £500m refurbishing the Faslane nuclear submarine base in Scotland. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Express KCS Sharelast_img read more