Insurance industry

UK financial services looked gloomy even before Covid-19 crisis | Business

Britain’s financial services sector suffered a drop in profits and a spike in bad debts even before the coronavirus prompted a countrywide lockdown. The latest CBI/PwC financial services survey paints a disappointing

3 mins read

Rishi Sunak should take share of blame for Tesco dividend anger | Nils Pratley | Business

Outrage about Tesco’s dividend should also be directed at Rishi Sunak. Why on earth did the chancellor include supermarkets, whose stores remain open and popular, in his business rates holiday? There was

6 mins read

Insurers cut dividends as Bank of England warns on payouts in Covid-19 crisis – business live | Business

8.16am BST08:16 Zoe Wood Tesco sales jumped 30% in the first few weeks of the coronavirus outbreak as shoppers stockpiled in the run-up to the lockdown but additional costs involved in feeding

8 mins read

UK banks agree to scrap £8bn dividends amid recession fears | Business

Britain’s largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis, giving banks an additional cushion to weather an economic downturn. The Bank of England

5 mins read