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Sep 29, 2014

Leper colony novel would make great film, producer tells Greene fest

BERKHAMSTED, England, Sept 29 (Reuters) – Writer Graham
Greene’s novel set in a leper colony in the Belgian Congo would
make a great film, the producer of the 1999 film of Greene’s
“The End of the Affair” said.

Stephen Woolley told the annual Graham Greene festival this
weekend that he would like to produce “A Burnt-Out Case,” the
story of an architect named Querry who moves from Europe to the
colony to escape fame and women.

Sep 24, 2014

Insurers may appeal UK watchdog ruling on replacement cars

LONDON, Sept 24 (Reuters) – An insurance trade body said on
Wednesday it may appeal a British competition watchdog’s
decision not to tackle the high costs of replacement cars in
motor insurance policies, which it said created unnecessary
costs for customers.

Its comments came after the Competition and Markets
Authority (CMA) said it could not find a solution to the problem
that the amount which insurers have to pay for temporary
replacement cars is far greater than the cost.

Sep 19, 2014

Lloyds keeps door open for move south despite Scottish ‘no’ vote

LONDON, Sept 19 (Reuters) – Scotland-based Lloyds Banking
Group left the door open for a move to London amid
uncertainty over the future shape of the United Kingdom despite
Scottish voters’ rejection of full independence.

British Prime Minister David Cameron pledged to devolve more
power to Scotland and other regions after the referendum made it
clear that Scotland wants a greater say on spending and
taxation, which could complicate the tax affairs of companies
with offices across the United Kingdom.

Sep 18, 2014

Just Retirement says annuities hit by UK reform, other sales pick up

LONDON, Sept 18 (Reuters) – Annuity and mortgages provider
Just Retirement Group Plc reported a 3 percent fall in
annual underlying operating profit to 97 million pounds ($158
million) on Thursday, hit by a drop in annuity sales following
UK reforms earlier this year.

The firm’s share price rallied 2.3 percent to a one-week
high, however, as analysts said the results came in above

Sep 10, 2014

Standard Life affirms Scotland vote plans, no impact on dividend, listing

LONDON, Sept 10 (Reuters) – Standard Life on
Wednesday reiterated it could transfer business to England if
necessary after next week’s Scottish independence vote, and said
the referendum result would have no impact on dividend payments
or its London listing.

The plans, first announced in February, could mean the
transfer of pensions, investments, and other savings held by UK
customers of the Scottish-headquartered insurer to new companies
in England.

Sep 4, 2014

Stocks edge up to fresh 3-year high pre-ECB, China hits 15-mth high

LONDON, Sept 4 (Reuters) – Emerging stocks traded at fresh
three-year highs as markets looked to a European Central Bank
meeting later on Thursday for possible monetary stimulus, while
Chinese stocks hit 15-month highs.

Russian stocks fell from one-week highs hit following
euphoric trading after Ukraine and Russia signalled moves
towards peace on Wednesday.

Aug 29, 2014

Russian assets fall, broader stocks steady near 3-yr high

LONDON, Aug 29 (Reuters) – Military tensions and a worsening
economy put Russian dollar-denominated stocks on track on Friday
for a 4 percent loss on the month, bucking broader emerging
equities that were poised for their seventh straight month of

Russia stands accused of sending troops into Ukraine to
shore up a separatist rebellion that had appeared to be ebbing.
That has sharply escalated the five-month conflict over eastern
Ukraine and raised the spectre of fresh sanctions from the West.

Aug 28, 2014

High stakes for high reward? Real estate funds come to Africa

LONDON (Reuters) – High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.

Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, despite more immediate concerns in some countries about Ebola, terrorism or political stability.

Aug 26, 2014

UBS Wealth ramps up allocation to North American stocks, cuts Europe

LONDON (Reuters) – UBS Wealth Management has added to its overweight position in North American equities and cut back on European stocks, encouraged by recent U.S. earnings and growth data, the world’s largest wealth manager said on Tuesday.

“We have continued to be overweight in equities, and this month we took down our overweight in European equities and moved that to our existing overweight in the U.S. and Canada,” Mark Haefele, global chief investment officer at UBS Wealth Management, told Reuters in an interview.

Aug 14, 2014

Russian stocks rise, C.Europe FX steady after GDP

LONDON, Aug 14 (Reuters) – Russian stocks rose on Thursday
as investors hoped for an improvement in relations between
Russia and Ukraine, while central European currencies were
steady after mixed growth data.

Russian President Vladimir Putin said in a speech in Crimea
that Russians needed to mobilise for benefit of their country,
but not for conflict with outside world.

    • About Carolyn

      "I have worked at Reuters for more than 20 years but I switched in Sept 2014 to a new beat - insurance and fund management. I write about insurance deals, fund trends, geopolitical risks insured by Lloyd's and I'm grappling with understanding company accounts."
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