News / UK and world by Press Association July 11, 2019, 10:19 am Send us a story Sign up to our Daily newsletter Life insurance business ReAssure failed to live up to its name on Thursday as bosses pulled a highly lucrative stock market listing due to lack of interest. Parent company Swiss Re said it would scrap plans to start trading shares in ReAssure after it became apparent the valuation of up to £3.3 billion was too high. Shares had been set at a range of 280p to 330p but Swiss Re’s finance chief John Dacey said: “While we firmly believe that the long-term interests of ReAssure are best served by a more diversified shareholder base, there has been no pressing need for Swiss Re to divest shares at a price that we consider to be unrepresentative of ReAssure’s value and future prospects.” The biggest sticking point appears to be caution from institutional investors, who have been burnt previously by new companies listing and … [Read more...] about Insurance giant ReAssure pulls £3.3bn listing over weak demand
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They came one after the other - unrelenting, and each shocking in their own way. 2018 was a horrendous year for violent crime and killings on Teesside. There was an unprecedented number of horrific murders and deaths last year - with many of the perpetrators' court cases rumbling on into 2019. Police resources were left stretched, white-suited forensics officers were a more common site on police-taped streets, and residents were left stunned and appalled at what was going on in their neighbourhoods. And after painstaking and persistent probes by dedicated murder detectives, Teesside Crown Court's docks saw some of our area's most savage killers locked up, and heard details of feuding families, cold-blooded lovers and savage animalistic attacks. Fifteen culprits face years behind bars for taking the lives of 12 victims very much loved by their family and friends. These are the killings that rocked Teesside last year. March 5, 2018 - Victim: Jason Dean Much-loved father and grandfather, … [Read more...] about ONE year, FIFTEEN killers: The deaths that left Teesside aghast
You’re not sure what to prioritise — your pension, mortgage or your Isa. You’re starting to lose sleep over whether you’re saving enough for your children’s education. And you can’t quite recall whether you have accumulated four, five — or was it six? — pension pots from previous jobs. Now may be time to consider a mid-life financial MOT.Savers and investors reaching their fifth decade face a series of choices about the right balance of spending and saving to strike as their earnings and expenditure typically peak and retirement planning picks up pace. Thorny questions include the suitable trade-offs between mortgage payments and pension contributions, savings and investments, the correct level of risk in an investment portfolio and the potential for breaching tax relief limits on pension contributions. Advisers say this time of life is precisely when people should consider conducting a thorough assessment of their finances in the round … [Read more...] about Your financial mid-life MOT: is it time for a tune-up?
BRAD HOOPER quit his previous job at a grocery in Madison because his boss was “a little crazy”. The manager threatened to sack him and other cashiers for refusing orders to work longer than their agreed hours. Not long ago, Mr Hooper’s decision to walk out might have looked foolhardy. A long-haired navy veteran, he suffers from recurrent ill-health, including insomnia. He has no education beyond high school. Early this decade he was jobless for a year and recalls how back then, there were “a thousand people applying for every McDonald’s job”. This time he struck lucky, finding much better work. Today he sells tobacco and cigarettes in a chain store for 32 hours a week. That leaves plenty of time for his passion, reading science fiction. And after years of low earnings he collects $13.90 an hour, almost double the state’s minimum rate and better than the grocer’s pay. His new employer has already bumped up his wages twice in 18 months. … [Read more...] about American life is improving for the lowest paid
A South Auckland family have been left with nothing but the clothes on their backs after a fire destroyed their home and everything in it. Now the family of 10 are staying in a couple of rooms in a motel until they can find another house but they'll never recover precious belongings and photos. Ray and Reta Milovale, and their eight children, stood watching the flames engulf their Papatoetoe home on Sunday night, overcome by loss and helplessness. Only four days earlier, they had laid Reta's mother to rest after she passed away from ovarian cancer. Extended family were staying with them from Australia and Samoa. Ray had just returned home from work on Sunday and was watching TV in bed when his 3-year-old son came screaming down the hallway and alerted him to the fire. The smoke alarms went off and Ray rushed to the lounge to find a small fire on one of the sofa cushions. "I grabbed a pot of water and chucked it over it, but it didn't do anything, so I ran outside to get the hose and by … [Read more...] about Family of 10 left with nothing after fire destroys their home