Mortgage overhaul hurts entrepreneurs July 15, 2010 NEWS that the Financial Services Authority (FSA) plans to overhaul the mortgage market may have left some entrepreneurs a little uneasy. From now on, to get a mortgage you need to pass an “affordability” check and self-certified mortgages will be banned. Business groups were quick to state the drawbacks of these plans: “Business owners who [...]
BP disaster bill hits $2bn June 21, 2010 Oil giant BP has admitted that the cost of its response to the Gulf of Mexico oil spill has hit $2bn (£1.3bn) and it has paid out $105m in damages to those affected by the disaster. BP added in a statement that it rejected claims by its partner in the oil well, Anadarko Petroleum that [...]
BP disaster bill hits $2bn June 21, 2010 Oil giant BP has admitted that the cost of its response to the Gulf of Mexico oil spill has hit $2bn (£1.3bn) and it has paid out $105m in damages to those affected by the disaster. BP added in a statement that it rejected claims by its partner in the oil well, Anadarko Petroleum that [...]
The airline boss with a hit list of 12 bid targets in his desk drawer September 13, 2010 It is clear that British Airways (BA) chief executive Willie Walsh always likes to keep his foot hard on the pedal. The Dublin-born airline boss is in the middle of a bitter 18-month dispute with his cabin crew, and only a few weeks ago received US and European regulatory clearance to pursue a transatlantic tie-up [...]
The airline boss with a hit list of 12 bid targets in his desk drawer September 13, 2010 It is clear that British Airways (BA) chief executive Willie Walsh always likes to keep his foot hard on the pedal. The Dublin-born airline boss is in the middle of a bitter 18-month dispute with his cabin crew, and only a few weeks ago received US and European regulatory clearance to pursue a transatlantic tie-up [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Accountants are vital for boosting economies right across the world June 16, 2010 IT’S clear we are living in unprecedented economic times. Indicators from various sources – including the latest quarterly survey of ACCA members, the largest of its kind in the world – suggest “cautious optimism”, and no more, is appropriate. In 2010, the financial services sector continues to dominate all levels of debate, from its willingness [...]
Keep your pension in funds July 15, 2010 THE government this week announced that it will abolish compulsory annuitisation, giving millions of pensioners more flexibility in how they generate their income. Annuitisation by age 75 has technically not been compulsory since 2006, but the only other permissable option, an Alternatively Secured Pension, was so highly taxed upon death as to mean only 4,000 [...]
Thinking more inclusively can boost business June 28, 2010 Every entrepreneur I have ever met, and that’s quite a few, has expressed on some level exasperation with the public for not getting what they are bringing to life. The best ones focus on educating their audiences; the ones who never breakthrough drivel in their exasperation. To some extent, they are right. A car is [...]
Charles Stanley: No living wills June 8, 2010 SIR DAVID Howard, the former Lord Mayor and chairman of stockbroker Charles Stanley, yesterday warned that the Treasury’s proposals to introduce “living wills” for financial firms could cost the sector hundreds of millions of pounds in lost profits. Howard said the cost of such a move to Charles Stanley would be around £1m, meaning that [...]