Don't expect St James’s Place’s compensation negotiations with customers who lost out on former partner Peter Carron’s investment schemes to die down any time soon... more
City Comment: There was a time not long ago when most of the best-known life assurance companies were mutuals — but the sector struggles against fundamental problems... more
Simon Halabi, a one-time star of the London property world, has lost control of seven office blocks in the capital after defaulting on £1.15 billion of loans... more
Aviva, Britain's biggest life insurer said it planned to shed 1,690 permanent and temporary jobs in the UK as a three-year efficiency drive nears completion... more
Aviva tonight said it is to cut 1100 permanent jobs in the UK by the end of the year while 590 contractors’ positions will go in the next few months... more
Insurance: Legal & General policyholders became the latest people to share in the pain of the giant insurer as it slashed their annual and terminal bonus rates for the second time in five months... more
Renewed fears about the financial sector hammered leading insurance groups, with investors increasingly worried about the insurance world's exposure to corporate debt, especially bank bonds. ... more
A great fanfare for Work and Pensions Secretary James Purnell’s declaration that the unemployed will be required to undertake some work. Er, haven’t we heard all this before?... more
Rising fuel bills are transforming airline economics and pushing the industry towards mergers, but the proposed deal between British Airways and Iberia might not be all plain sailing... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
8°c
