business news

New appointment at NIBS Group

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 […]

Markerstudy acquires Lionheart Insurance

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 […]

Co-operative makes general insurance loss

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 […]

Lookers acquire Benfield Motor Group

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 […]

UK car market sees continued growth

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 […]

UK pension savings at record high

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, […]

Nissan invests £100m in UK car plant

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 […]

Innovation Group agree to Carlyle takeover

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 […]

Free Brake membership for SME’s

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 […]

Hastings post half year results

Hastings has posted an increase in GWP which hit £282.7m for the first half of 2015 (H1 2014: £227.2m). COR for the business also marginally improved moving from 90.4% to […]

Leasing broker sector sees 10% growth

The latest figures from the BVRLA show that leasing brokers continue to play an important role in the vehicle finance sector. According to a BVRLA poll of key funders, combined […]