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Economy & Finances

Aviva: Organised gangs drive increase in crash for cash

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Crash for cash – road traffic accidents deliberately caused in order to claim whiplash compensation – is now at the highest level ever detected by Aviva, the UK’s largest insurer. Organised gangs are at the heart of the increase in the number of these induced accidents. So far this year, Aviva has seen a 21% increase in organised fraud over 2013, contributing to the record number of fraudulent motor claims. More than 50% of Aviva’s motor injury claims fraud is now organised in nature and the insurer now has over 6,500 suspicious injury claim... Read More »

Purchases on tablets set to surge this Christmas, and Black Friday takes hold in the UK

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70% of retailers are feeling more confident about Christmas trading compared to last year, which includes 28% who said they are far more confident. This festive cheer compares favourably to last year, when just over half (52%) were feeling optimistic about the trading period ahead. The majority of those surveyed (72%) also said that they expected revenues to increase, with over a fifth (21%) expecting sales to increase by 10% or more, compared to 2013. Retailers are expecting to see growth across all of their sales channels over Christmas, w... Read More »

Allianz: What Europe’s stress tests will and won’t do

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But for the assessment to be fully effective, Europe needs to do more, including finish work on the four legs of successful economic integration. The stress tests (formally called the AQR, for asset-quality review) matter because banks play a disproportionately important role in Europe in channeling funds to productive activities. Despite significant capital increases in the last few years, doubts have remained about the health of their balance sheets and operations, and their role as effective intermediaries. The review is also essential... Read More »

Bertelsmann Digital Media Investment sells StyleHaul Stake to RTL Group

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Bertelsmann venture capital fund’s biggest exit to date Successful trend scout for the Group Bertelsmann's corporate venture activitieswin accolades from trade magazine Urs Cete, Managing Director of BDMI, says: “We are very excited that StyleHaul will from now on be owned by RTL Group, making it part of Bertelsmann’s core business. Special thanks go to StyleHaul’s founder Stephanie Horbacewski, whose excellent leadership has made it one of the fastest growing companies in our portfolio. Apart from the successful investment we have al... Read More »

La Banque Postale and CNP Assurances promote responsible investment options among savers

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Between 1 September and 31 October 2014, La Banque Postale customers can enjoy a 50% reduction in fees for new money invested in eligible funds in La Banque Postale’s Investir Autrement SRI range of life insurance policies. These funds are available as part of six life insurance contracts (Vivaccio, GMO, Ascendo, Cachemire, Cachemire 2 and Cachemire Patrimoine) sold by La Banque Postale and managed by CNP Assurances. These contracts already represent close to 5 million beneficiaries, and the promotional offer provides an opportunity to raise... Read More »

CNP Assurances invests in DomusVi, a major care home operator

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For CNP Assurances, this transaction represents an opportunity to invest in the care home sector in France and to strengthen its position in the growing and resilient healthcare market that is currently consolidating. It will further enhance the Group's €1.7 billion private equity portfolio. As France’s leading personal insurer whose strategic priority is to develop the protection business, CNP Assurances also considers this investment as a means of providing lasting support to a recognized expert in the provision of long-term care to the el... Read More »

Lloyds Bank: Million pound home sales at an all-time high

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46% increase in million pound property sales from H1 2013 Premium property sales out-perform under £1m market* The 6,143 million pound property sales in the first half of the year represented a 46% increase compared to the same period in 2013 when sales totalled 4,198. In fact, million pound home sales have grown by 345% since the first half of 2009, when sales in this market segment were at their lowest (1,382) point in the past decade. Million pound home sales outperform the rest of the market, but still a very small share of the over... Read More »

Lloyds Bank launches responsive website for Private Banking customers

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The new responsive website allows customers to enjoy a better banking experience whether they’re at home, work or on the move. This easy-to-use technology is allowing customers to connect to Lloyds Bank Private Banking more closely than ever before. The website includes these updated features: Improved accessibility for customers through desktop, tablet or smart phone An enhanced Online Appointment Booking for all devices Clickable Phone Numbers enabling customers to call us directly from the website The new website comes as Lloyd... Read More »

Carrefour at the Paris Actionaria Exhibition

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Actionaria – France's exhibition about the Stock Exchange and financial products – will open its doors at the Palais des Congrès in Paris on 21 and 22 November. The event is a forum within which we can talk to our current or future shareholders and give them personalised information to help them better understand our Group. For the first time this year, we will be presenting the Carrefour shareholders club: shareholders can use this in order to get up-to-date information about what's happening within the Group, expand their knowledge of the ... Read More »

Very.co.uk and m-commerce boost profits at Shop Direct

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STRONG FINANCIAL PERFORMANCE Group sales up 3% to £1.74bn (2012/13: £1.69bn) Very.co.uk delivered sales growth of 23.1% and is now the biggest brand in the group at more than £700m in sales Profitably managed sales decline within heritage brands Littlewoods.com and KandCo.com of 7.6% EBITDA growth of 24% to £164.8m (2012/13: £132.5m) PBT growth of 512% to £40.4m (2012/13: £6.6m) **Profit before tax and amortisation more than doubled to £64.6m (2012/13: £30.8m) CONTINUED RAPID DIGITAL PROGRESS 84% of sales completed online d... Read More »

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