Author: WTX Business Team

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City AM – Back in room The front page of the London business newspaper City AM leads on Insurance giant Aviva heading back into Lloyd’s for the first time since 2000.  Aviva back into Lloyd’s for first time in two decades after £242m acquisition Insurance giant Aviva will head back into Lloyd’s for the first time since 2000 after acquiring carrier Probitas for more than £200m. The transaction sees Aviva take tenancy rights to Syndicate…

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Surge in pension fund buying drives revival in UK corporate bond market Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time. The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts said. The share of European corporate bond sales denominated in sterling has risen…

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LSEG chief in line for salary bump London Stock Exchange boss set for multi-million-pound pay rise despite listings slump The boss of the London Stock Exchange Group is in line for a multi-million-pound pay rise despite a drop off in new listings and fears over the future of its flagship bourse, according to reports LSEG, the owner of the London Stock Exchange, is consulting with shareholders about a new pay packet for its chief David…

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The U.S. holiday and a sparse economic calendar will cause the London Stock Market to begin negatively today. And the knock on impact of the US closure has already sent shockwaves across Asia. Significantly, the markets with the most movement are the ones that don’t rely on the US economy or aren’t propped up regimes. With all the Stock markets in Africa seeing positive growth today. Asian markets started slowly amid fading hopes for early…

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