Tag Archives: business news

Crash for cash dropped by £60m

New figures released suggest the cost of ‘crash for cash’ fraud has dropped by almost £60 million in the last three years following a major crackdown by insurers and the police, forcing insurance cheats to change tack. Statistics from the Insurance Fraud Bureau (IFB) indicate an overall decline in ‘crash for cash’ fraud, with total scams now valued at £336 […]

IFB step up battle against fraud

The Insurance Fraud Bureau (IFB) is planning to hold a round table with aggregators next month to talk about how they can work together in the fight against insurance fraud, the Insurance Times reports. IFB director Ben Fletcher said, ‘Theoretically aggregators could join the IFB if they wanted to. There is no reason why they can’t. We have been talking […]

Halfords to expand network

Halfords has said it is planning to open between 10 and 15 new Autocentres each year to add to its existing network of 307 outlets. The servicing and MoT sector of the business seen like-for-like revenues up 4.6% to £75.5m in the 26 weeks to 2 October 2015, while like-for-like sales were up 3.3%. Halfords chief executive Jill McDonald said […]

Keychoice partner with RAC

Keychoice, the insurance distribution business owned by SSP, has signed a new deal that will see the RAC become the exclusive partner for motor breakdown. From early next year, brokers who are Keychoice members will have exclusive access to a fully integrated breakdown recovery scheme for cars, vans and motorbikes from the UK’s most experienced breakdown provider. In addition to […]

Allianz profitable growth continues

Allianz Insurance has reported ‘profitable growth’ despite what it describes as ‘intensive competition in key markets’. Chief executive officer, Jon Dye, released a statement on Allianz’s progress, ‘I am pleased to report that Allianz has maintained its long- term delivery of profitable growth despite intensive competition in key markets. Premium growth at 2.7% coupled with a Combined Operating Ratio of […]

TomTom signs deal with Uber

TomTom has signed a global, multi-year agreement to provide maps and traffic data for the Uber driver app.    TomTom’s advanced map-making technology, combined with its world class traffic information, will ensure Uber has a seamless navigation experience, accurate arrival times and efficient journeys in more than 300 cities around the world. ‘We are excited to provide Uber with our best-in-class […]

UK auto sector is worldclass

The UK automotive sector’s workforce is one of the world’s most productive – but action is needed to address a shortage of skilled engineers and operators, according to new research by the Automotive Council. The report, which ranks the UK’s strengths and attractiveness for automotive investment against other European and global countries, places the UK’s automotive ‎productivity in top position in […]

Glasurit parrot celebrates 90th birthday

In 1925, when it was created, no one would have imagined that it would have had such an illustrious future. Back then, Glasurit didn’t choose just any member of the parrot family, they chose the Ara, the largest and most colourful species of parrot with its primary colours of red, blue and yellow, indicating that any colour can be mixed. […]

Record sales for BMW

Following on from the best ever first three quarters in the company’s sales history, October was another record month for BMW Group deliveries. Sales of BMW, MINI and Rolls-Royce brand vehicles totalled 191,651 for the month, an increase of 4.0% compared with the same period last year. In the first ten months of the year, total sales of BMW Group […]

BFS pledges SME cash

More loans are expected to flow to small businesses after Bibby Financial Services (BFS) has pledged to increase its funding for UK small and medium-sized enterprises (SMEs) by more than £290m after refinancing with a banking club. The invoice finance provider has agreed a new deal with Barclays Bank, Bank Of America Merrill Lynch, HSBC Bank and Lloyds Bank. BFS chief executive David Postings […]

1 2 3 4 17