Ban on loyalty penalty insurance pricing will penalise customers who shop around, experts warn

Ban on loyalty penalty insurance pricing will penalise customers who shop around, experts warn Insurers tend to offer cheap deals to new customers, and raise loyal customers’ premiums every year they fail to switch to a new provider Now the regulator says it will ban insurers from penalising customers who stay  Estimates suggest it will … Read more

We drive Volvo’s first all-electric car, the £60k XC40 Recharge

Volvo’s first fully electric vehicle, the XC40 Recharge SUV,  really is a car you drive by the seat of your pants. That’s because this elegantly proportioned family-friendly Swedish off-roader has no ignition switch and no dashboard or console button to press to fire up its electric motor. Instead, your posterior is the trigger to starting … Read more

MARKET REPORT: Ocado roller-coaster as rival makes robot claim

Ocado shares went on a roller-coaster ride yesterday as the online supermarket was accused of stealing robot technology from a Norwegian company. The shares had been in positive territory until around midday, when Autostore launched a scathing public attack.  The business revealed a lawsuit against Ocado in the UK and US, which alleges that its … Read more

ALEX BRUMMER: Government throws a lifeline to Rolls-Royce

Rolls-Royce shares have collapsed from a peak of ten pounds two years ago, when order books for the Trent 1000 engine were overflowing and global air travel expanding exponentially, to just above one pound. The value destruction is among the most pernicious commercial impacts of coronavirus. Instead of guiding Rolls-Royce ever higher, chief executive Warren … Read more