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Everywhen: Ardonagh Advisory Unveils New Identity at Biba 2025
A New Era Begins Ardonagh Advisory has officially rebranded as Everywhen, a transformative move announced at the 2025 Biba Conference. This change marks a significant milestone for the UK platform of the Ardonagh Group, which operates across general insurance broking, health, and employee benefits, boasting over 45 trading names. Why Everywhen? The rebranding to Everywhen […]
Burberry’s Bold Move: 1,700 Job Cuts Amid Heavy Losses
Burberry Faces Financial Struggles Luxury fashion giant Burberry has announced plans to cut approximately 1,700 jobs as part of a strategy to reduce costs by 2027. This decision comes after the British designer brand reported a staggering £66 million loss in the last financial year. The proposed job cuts will impact nearly a fifth of […]
EU Insurers Tap Subordinated Debt Markets at Record Pace in Q1
Record-Setting Q1 for European Insurers European insurers significantly accelerated their use of subordinated debt markets in the first quarter of 2025, achieving their highest Q1 issuance volume in 14 years, according to specialist insurance-linked securities (ILS) manager Twelve Securis. The surge in activity was primarily driven by insurers seeking to address upcoming refinancing needs amid […]
Probe Launched into Aviva’s £3.7bn Takeover of Direct Line
The UK’s Competition and Markets Authority (CMA) has initiated a probe into Aviva’s proposed £3.7bn acquisition of Direct Line, a move that could potentially disrupt the planned merger between the two insurance giants. The investigation seeks to determine whether the merger would significantly reduce competition in the insurance sector. Competition Concerns in the Car Insurance […]
Vanquis Swings Back to Profitability: Shares Surge 9%
Vanquis Bounces Back After Major Losses Vanquis, formerly known as Provident Financial, has made a remarkable turnaround, swinging back to profitability in the first quarter of 2025. After facing significant losses of £34.8 million last year due to a surge of no-win, no-fee complaints related to its credit card division, the Bradford-based financial services company […]
Aviva’s £3.7bn Direct Line Takeover Under Scrutiny by Competition Watchdog
Aviva’s £3.7bn takeover of Direct Line is being reviewed by the UK’s competition watchdog over concerns it could reduce market competition. The deal could create a dominant insurer and put up to 2,300 jobs at risk. CMA Launches Probe Into Major Insurance Merger Aviva’s ambitious £3.7 billion takeover of Direct Line is facing scrutiny from […]
Monero Price Surge Linked to $330M Bitcoin Hack and Laundering Activity – ZachXBT Report
A suspicious $330.7 million Bitcoin transfer was swapped for Monero, according to on-chain researcher ZachXBT, likely triggering the privacy coin’s 40% price surge as the hacked funds were laundered through exchanges. Limited liquidity due to past exchange delistings amplified the impact of this large purchase, causing the significant price volatility. The cryptocurrency market witnessed a […]
Ethereum Dips Below $1,500: Is the $1,000 Crash Inevitable or a Rebound Brewing?
Ethereum has tumbled below the crucial $1,500 level, triggering fresh concerns that the largest altcoin could be on track to test the psychological $1,000 mark. The overall crypto market is deep in the red, with a staggering $1.38 billion in liquidations over the past 24 hours. Altcoins have suffered the most, dropping 12% collectively, as […]
Ripple on the Brink: Will It Add a Zero as Market Pressure Mounts?
Ripple is facing one of its most dramatic downturns in recent memory. In the last 24 hours, the cryptocurrency has plunged over 11%, crashing through its crucial 200 EMA support level at $1.19. Now trading below $1.70, XRP appears to be in full bearish reversal mode, with fears rising that it could soon “add a […]
Ripple RLUSD Stablecoin Could Be a Game-Changer for XRP – Here’s Why
Ripple’s newly launched stablecoin, RLUSD, is already generating buzz in the crypto world — and according to Ripple’s CTO David Schwartz and crypto advocate Angelica Saldana, its impact on the XRP Ledger (XRPL) could be massive. From fueling transaction fees to deepening liquidity and powering cross-border payments, RLUSD is doing more than just adding another […]