The stories hitting the headlines this week

Petition

Biba presented a petition of almost 7,000 member signatures to Parliament, urging the Treasury to accelerate progress on the delayed review of the Financial Services Compensation Scheme.

Approach

Barbican revealed that it has approached Omega about a merger, joining Novae and Canopius in the queue of companies that have expressed an interest in taking over the Lloyd’s insurer.

Build

Admiral has been granted planning permission for its new 220,000 sq ft office headquarters in Cardiff. Construction is expected to be completed in early 2014.

Return

Aviva announced that it is re-entering the telematics market, making the cover available for fleet customers. Aviva pioneered the technology in 2005, before withdrawing three years later.

Con

Kent pensioner Anthony McErlean faked his own death in Honduras in an attempt to trick ACE European out of £520,000. The 66-year-old pleaded guilty to making a fraudulent claim this week.