Panama Papers: HMRC gears up for Mossack Fonseca data leak fallout April 4, 2016 Global tax authorities are gearing up to deal with the fallout from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonseca – as legal experts warn that any entity with business dealings in the Central American country could potentially find itself receiving a knock on the door from HM Revenue & Customs (HMRC). [...]
Spain’s prime minister suggests working day shake-up which could bring an end to the siesta April 4, 2016 Is moving to a sleepy Spanish town and enjoying naps during the working day one of your long-held dreams? Well, you may have to forget it and throw away your Spanish phrase book. Lengthy lunch breaks and siestas could be about to become a thing of the past in Spain. Read more: This Spanish town has just made having [...]
EX referendum: Brexit vote would be bad for business, say two-thirds of insurers April 4, 2016 More than two-thirds of insurers, brokers and service providers working in London's international insurance market believe a Brexit would be bad for business. Some 68.7 per cent of market practitioners surveyed believe a UK vote to leave the European Union would “hurt” or “severely damage” Lloyd's of London. Meanwhile, 6.2 per cent said it would benefit [...]
New York Stock Exchange owner secures financing for £10bn London Stock Exchange takeover bid to rival proposed Deutsche Boerse merger April 4, 2016 The Intercontinental Exchange (ICE) is understood to have secured funding for a £10bn takeover bid for the London Stock Exchange (LSE). ICE, which owns the New York Stock Exchange, confirmed it was considering a bid in early March shortly after the LSE said it was in merger talks with Deutsche Boerse. The LSE and Deutsche [...]
This map shows how commuter belt homes cost £3,000 more for every minute closer they are to London April 4, 2016 Commuter belt house prices increase by more than £3,000 for every minute closer to London by train they are, according to new research. Analysis by estate agency Savills found the average inner London house price is £606,000. Commuter locations within half-an-hour's train ride of London have average house prices of £458,000. And, further out, the average price [...]
BoAML merchant services opens Europe branch to meet demand April 4, 2016 Bank of America Merrill Lynch has expanded its merchant services to Europe, looking to break into a market dominated by Worldpay and Barclaycard in the UK. BofA Merchant Services is targetting its exiting US customers who are looking for international payment services. “BofAML Merchant Services’ largest clients have complex global payments needs, and our presence [...]
Steel unions to hand Javid Port Talbot demands at key meeting tomorrow April 4, 2016 Community, the union which represents British steelworkers, will meet with business secretary Sajid Javid tomorrow to discuss the steel crisis and present Javid with a list of demands for the industry. The demands, which include the government preventing Tata and potential buyers from cherry-picking assets, were formulated at a meeting in London today. “There needs to [...]
Bayliss backs ‘heart and soul’ Stokes to recover from World Twenty20 last-over nightmare April 4, 2016 NULL
Property tech start-up Settled wins backing from lastminute.com investor and launches £1m fundraise April 4, 2016 An online property platform aiming to shake-up the traditional estate agency model by encouraging landlords take control of their own sales has launched a £1m funding round, after winning the backing of one of the UK's leading tech investors. Settled was launched last year by brother and sister team Gemma and Paul Young, who wanted to create an online business that put aspiring homeowners directly [...]