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LV= group post interim results
- 08/09/2015
- Posted by: Simon Wait
- Category: News
Mutual insurance group LV=, the UK’s largest friendly society, has announced its interim results for six months ending 30 June 2015. General Insurance financial highlights: Operating profit up 52% to £70 million (H1 2014: £46 million) Underwriting profit increased by 152% to £53 million (H1 2014: £21 [...] -
New appointment at NIBS Group
- 07/09/2015
- Posted by: Simon Wait
- Category: News
NIBS Group is pleased to announce the appointment of Mark Sherratt as Business Development Director. Mark joins NIBS Group with more than 25 years of experience within the Motor Trade and Bodyshop industry. In his new role, Mark’s primary function will be developing new business opportunities with strategic [...] -
Markerstudy acquires Lionheart Insurance
- 04/09/2015
- Posted by: Simon Wait
- Category: News
Motor insurance provider, Markerstudy, has acquired Birmingham-based Lionheart Insurance for an undisclosed sum. The deal, which has received approval from the Financial Conduct Authority, adds over 1,500 policyholders and more than £2m of premium to Markerstudy's retail arm. Directors, David and Alison Wilkes [...] -
Co-operative makes general insurance loss
- 04/09/2015
- Posted by: Simon Wait
- Category: News
The Co-operative's general insurance division has reported a 4.5% fall in gross written premiums for the first half of 2015. The drop to £180.3m from £188.8m at the start of 2014 came as it declared an operating loss of £17m. However, the insurer highlighted that it had incurred £17.3m of ‘transformation [...] -
Lookers acquire Benfield Motor Group
- 04/09/2015
- Posted by: Simon Wait
- Category: News
The largest independent motor group in the North East, Benfield, has been acquired by Lookers plc for £87.5m in cash. The firm has grown into a leading motor retail and after-sales service group, with 30 dealerships, more than 1,600 staff and an annual turnover of nearly £700m. Chief executive of the [...] -
UK car market sees continued growth
- 04/09/2015
- Posted by: Simon Wait
- Category: News
The new car market recorded its 42nd consecutive month of growth in August – albeit in one of the year’s quietest months – according to figures published today by the Society of Motor Manufacturers and Traders. New car registrations increased 9.6% to 79,060 for the month, taking year-to-date growth to a healthy [...] -
UK pension savings at record high
- 03/09/2015
- Posted by: Simon Wait
- Category: News
According to the ONS, more than half (59.4%) of employees were members of a workplace pension in 2014, up from 49.8% in 2013 and the total of 46.5% in 2012, and the highest since 1997. The overall growth was driven by auto-enrolment and increases in membership of occupational defined contribution (DC), as well as [...] -
Nissan invests £100m in UK car plant
- 03/09/2015
- Posted by: Simon Wait
- Category: News
Five years after inventing the small crossover, Nissan today announces a new generation Nissan Juke is slated for production in the UK. The estimated £100m investment is a further endorsement of the quality of output from the Sunderland plant, and a statement of Nissan’s intention to remain the undisputed [...] -
Innovation Group agree to Carlyle takeover
- 01/09/2015
- Posted by: Simon Wait
- Category: News
Insurance software provider The Innovation Group PLC has agreed to a £499m takeover bid from private equity firm Carlyle Group. Under the agreement, the London-listed company will receive 40p per share in cash, which represents a 13.5% premium to Innovation's closing price on Thursday. It has been agreed after [...] -
Free Brake membership for SME’s
- 01/09/2015
- Posted by: Simon Wait
- Category: News
Brake, the road safety charity is offering 250 SMEs free membership to its acclaimed Brake Professional membership scheme for fleet professionals. Brake Professional is a membership scheme for any organisation with at-work drivers; members receive practical guidance and tools to support them in managing their [...]