We’re seeing respectable growth for a New Normal but real risks still remain February 1, 2014 UK ECONOMIC growth is looking up. The 0.7 per cent GDP increase in the fourth quarter of 2013 might not have been as strong as some commentators were expecting, but it means economic activity is up a full 2.8 per cent on a year ago. It’s not as strong as the 3.3 per cent growth [...]
Stricter rules on partnerships will hit firm’s junior members December 10, 2013 MINISTERS yesterday laid out stricter rules to regulate company partnerships, which critics say will hit junior partners the most. The rules, introduced yesterday as part of the finance bill, will introduce stricter tests on who can be deemed a partner in a company to stop firms labelling employees as partners to cut down on income [...]
We’re seeing respectable growth for a New Normal but real risks still remain January 28, 2014 UK ECONOMIC growth is looking up. The 0.7 per cent GDP increase in the fourth quarter of 2013 might not have been as strong as some commentators were expecting, but it means economic activity is up a full 2.8 per cent on a year ago. It’s not as strong as the 3.3 per cent growth [...]
What does the chancellor’s Budget mean for you? March 19, 2014 Catherine Gannon, 51Managing director of law firm Gannon The business continues to perform extremely well, but new legislation for LLPs means that it is being restructured. Profits and earnings are up on last year but the cost of living has increased rapidly. She doesn’t have much by way of a traditional pension plan but hopes [...]
Europe stalls on plan to force audit switching December 5, 2013 NEGOTIATIONS on a European Union draft law forcing companies to switch accountants around once every ten years are on hold due to disagreements over other planned curbs on auditors, according to a British MEP involved in the talks. The law, which goes further than recent changes to UK auditor rules, are meant to boost competition [...]
MPs to grill G4S and Serco amid criminal probe November 18, 2013 EXECUTIVES from G4S and Serco will be interrogated by a committee of MPs on Wednesday, as scandals surrounding government contracts continue to blight the two FTSE 100 outsourcing firms. Alastair Lyons, chairman of Serco will attend the hearing, alongside Ashley Almanza, chief executive of G4S. Paul Pindar, chief executive of Capita and Ursula Morgenstern, regional [...]
Insurer RSA to launch review of its Irish unit November 11, 2013 INSURER RSA has launched an independent review of its Irish business after uncovering problems that led it to issue a second profit warning and suspend three of its top managers last week. Investors were steeling themselves for a share price fall today after the FTSE 100 firm revealed after markets closed on Friday that it [...]
City Moves for 05 December 2013 | Who’s switching jobs December 4, 2013 European Wealth The private wealth manager has appointed John Morton as executive chairman. A co-founder of the firm, he was previously chief executive of Syndicate Asset Management and chief executive of Ashcourt. Morton has also worked as investment director at Brachers. Trinity Street Asset Management The portfolio manager has announced two appointments to its client [...]
Mayor’s office sold in £1.7bn Kuwaiti deal December 9, 2013 KUWAITI firm St Martins Group has paid around £1.7bn to buy the More London complex next to Tower Bridge, which includes Boris Johnson’s headquarters City Hall. The sale, one of the largest ever UK commercial property deals, is due to be formally completed next month. The 10-year old development on the south bank of the [...]
What the other papers say this morning – 04 December 2013 December 3, 2013 FINANCIAL TIMES IBM legal challenge to India tax claim IBM has launched a legal challenge over an estimated $800m tax demand from India’s revenue department – becoming the latest major western multinational to find itself ensnared in a payment dispute in Asia’s third-largest economy. The company’s move follow a series of recent high profile tax rows [...]