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.
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.
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
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
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.
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.
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.
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.
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.
LONDON, Aug 13 (Reuters) – Russian stocks rallied on
Wednesday as concern eased about a possible invasion of Ukraine,
helping broader emerging-market stocks to reach their highest in
more than a week.
Chances of an invasion seemed to recede after Moscow agreed
to put a humanitarian aid convoy under Red Cross auspices,
Polish Foreign Minister Radoslaw Sikorski said on Tuesday.
The comments allayed fears that Russia would use
the convoy as cover for invading Ukraine, where government
troops are closing in on pro-Russian separatists.