Secure Trust Bank launches into UK mortgage market, focusing on those working in the gig economy March 20, 2017 Secure Trust Bank is today launching a UK mortgage offering focusing on those individuals who might struggle to bag a loan from a high street lender. The Solihull-headquartered challenger is honing in on the self-employed and the gig economy. Those people working in these fashions might struggle to prove their income to a bank and therefore [...]
Taxman levies inheritance tax on £5.8bn of shares March 19, 2017 Half of all inherited shares were subject to inheritance tax (IHT) according the latest figures, prompting calls for people to manage their personal finances more efficiently. Around £5.8bn of the £11.7bn of securities passed down were subject to IHT, according to data prepared by HM Revenue & Customs. Read more: How the taxman benefits from the large growth [...]
Theresa May is embarking on a UK tour to galvanise Brexit support March 19, 2017 Prime Minister Theresa May will kick off a nation-wide tour with a visit to Wales this week as part of a move to "strengthen and sustain the precious Union." Details of the trip were announced as Scottish first minister Nicola Sturgeon doubled down on her commitment to holding a second independence referendum. Dates for May's [...]
Melrose executives set to reap the rewards of increasing shareholder value March 19, 2017 The top brass at engineering turnaround specialist Melrose Industries are in line for one of largest paydays of any FTSE 100 company, according to reports. Executives are to receive around £206m according to information obtained by Sky News. A five-year bonus scheme was approved by shareholders in 2012 and details of the payouts will be laid out in [...]
Uber president Jeff Jones quits after six months in role March 19, 2017 Uber president Jeff Jones has quit his role after little more than six months in the job, the car hailing giant has confirmed. A spokesperson for the firm said: “We want to thank Jeff for his six months at the company and wish him all the best.” Second in command at the car hailing firm to Travis Kalanick, Jones [...]
Astrazeneca global study reveals diabetes medication significantly cuts death rates March 19, 2017 Astrazeneca has hailed the success of its new Type 2 diabetes drugs, after a study of more than 300,000 people revealed it significantly cut the risk of death or heart failure. The FTSE 100 firm today announced the results of the first large real-world evidence study of its kind. The focus was whether the medication, [...]
Theresa May ready to accelerate plans for energy market intervention March 19, 2017 Prime Minister Theresa May could accelerate energy market reform, bringing forward plans within weeks after hinting at an intervention on Friday. A green paper on energy pricing had been expected next month, but now speculation is rife that it could emerge even sooner as Downing Street seeks to capitalise on growing momentum. Former Tory minister John [...]
Judges need to work on boosting their public image, says justice secretary Liz Truss, warning they’ll be in the spotlight even more post-Brexit March 19, 2017 The justice secretary today called on the judiciary to do more to boost its public image, warning it will face more scrutiny once the European Court of Justice is no longer the top court post-Brexit. Liz Truss told the Financial Times the Supreme Court would face "even greater attention" once the UK was no longer [...]
The straw that broke the camel’s back: How an Italian trading business put the London Stock Exchange-Deutsche Boerse merger in jeopardy March 19, 2017 If the European Commission blocks the London Stock Exchange’s merger with Deutsche Boerse in the coming weeks, as is widely anticipated, the army of bankers, lawyers and other finance workers on the deal will immediately turn their attention to the body’s in-depth explanation. As an example of what to expect, when the commission blocked the O2-Three [...]
Votes on boardroom pay could become legally binding in the near future, as the government mulls feedback from corporate governance consultation March 19, 2017 Shareholders could be given the right to block bumper pay packets for companies' executive teams in the much-anticipated upcoming white paper on corporate governance. The Department for Business, Energy and Industrial Strategy has run a consultation on corporate governance, including executive pay and whether pay votes should be binding, which closed for feedback last month. At [...]