business news

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

VW causes fall in Porsche profits

Profits at Porsche, which owns a controlling stake in Volkswagen, have plunged in the wake of the diesel emissions scandal at VW. Porsche’s pre-tax profit more than halved to €1.19bn […]

S&P raises Ageas Insurance rating

Standard and Poor’s (S&P) has raised the rating of Ageas Insurance Limited (AIL) to ‘A’ with a stable outlook, confirming confidence in the financial strength of the business. The announcement […]

Zurich announces 440 job cuts

Zurich today announced proposals to cut up to 440 jobs in its UK general insurance business as part of a programme to reduce costs in the organisation and simplify its […]

Quindell plan on name change

Insurance technology company, Quindell, is planning to change its name to Watchstone Group, pending shareholder approval. The firm is also planning a 10-for-one share merger and a reduction of shareholder […]

Bradford bodyshop involved in insurance scam

The owner of a bodyshop that boasts of clients such as top footballers and music superstars, has paid back tens of thousands of pounds to an insurance company after it […]

Takata cuts profit outlook

Takata has cut its profit outlook by 75% after market leading carmakers begin to drop its air bag inflators. Honda, Toyota and Mazda have all said that they will no […]