BID WAR BREAKS OUT AT LEHMAN ART SALE September 29, 2010 BIDDERS clamoured yesterday afternoon to snap up a piece of banking history, as the art collection from the UK offices of failed bank Lehman Brothers went under the hammer at Christie’s. The most frenzied bidding took place at the beginning of the auction, organised by administrators PwC, when the name sign from the bank’s reception [...]
BID WAR BREAKS OUT AT LEHMAN ART SALE September 29, 2010 BIDDERS clamoured yesterday afternoon to snap up a piece of banking history, as the art collection from the UK offices of failed bank Lehman Brothers went under the hammer at Christie’s. The most frenzied bidding took place at the beginning of the auction, organised by administrators PwC, when the name sign from the bank’s reception [...]
How to avoid the dog funds November 11, 2010 AN ASTONISHING £13bn is languishing in so-called dog funds, which persistently fail to deliver returns for investors, according to BestInvest’s biannual Spot the Dog report published earlier this week. Spot the Dog branded Jupiter as the worst performing investment house in terms of the value of assets in dog funds. Also among the main culprits [...]
Top tips for keeping the taxman out of your pocket May 25, 2011 BASED upon the latest government forecasts, the Adam Smith Institute is predicting Tax Freedom Day – the notional day when you stop working for the taxman and start filling your own coffers – will fall on Monday, making it three days later than last year. Fidelity International has translated this into the fact that basic [...]
Macquarie hires Deutsche’s Fass as European head March 11, 2011 Australia’s biggest investment bank Macquarie has hired Deutsche Bank’s David Fass as European chief executive, after a year-long hiatus prompted by his predecessor’s sudden departure. Fass will lead a group that has grown dramatically in the region – European headcount has leapt 60 per cent in three years as Macquarie has bought Transatlantic and German [...]
Fraser concerned for the condition of county game April 7, 2011 FROM Mumbai to Middlesex; the contrast couldn’t be any greater as cricket’s focus switches from the glitz of a World Cup and start of the IPL to the more mundane matters of the county season, which commences today. While the state of the international game appears to be in a happier place following a successfully [...]
Osborne to hike tax allowances March 22, 2011 GEORGE Osborne will today unveil small tax cuts, help for first-time buyers and a series of symbolic measures to show he is tough on the rich. But his Budget could be overshadowed by spiralling inflation and weaker public finances, preventing him from pulling any rabbits out of his hat. The chancellor will announce that he [...]
Greece’s top tax official resigns March 9, 2011 Greece’s top tax official resigned on Wednesday two days after Moody’s slashed the country’s credit rating, citing shortfalls in tax collection. A government spokesman said that Dimitris Georgakopoulos, secretary-general at the Finance Ministry in charge of tax and customs issues, left his post. “He resigned for personal reasons,” government spokesman George Petalotis told Reuters, without [...]
Greece’s top tax official resigns March 9, 2011 Greece’s top tax official resigned on Wednesday two days after Moody’s slashed the country’s credit rating, citing shortfalls in tax collection. A government spokesman said that Dimitris Georgakopoulos, secretary-general at the Finance Ministry in charge of tax and customs issues, left his post. “He resigned for personal reasons,” government spokesman George Petalotis told Reuters, without [...]
CASE STUDIES| NEWS FROM THE COURTS THIS WEEK March 1, 2011 BGC/TULLETT PREBON APPEAL FAILS The Court of Appeal has rejected an appeal by interdealer broker BGC over its poaching of staff from rival Tullett Prebon. When the CEO of Tullett, Tony Verrier, joined BGC from Tullett Prebon he tried to persuade 13 brokers to go with him. Ten joined but three stayed with Tullett. The [...]