Partnership tax threat could send fund managers abroad February 3, 2014 DOZENS of London’s fund managers are considering switching from a partnership to a company structure, and could even move abroad in the face of George Osborne’s planned tax crackdown, an industry think-tank has warned. Half of the New City Initiative’s members would consider incorporating rather than keep their status as a limited liability partnership (LLP), [...]
Mind Candy releases mobile app worldwide February 3, 2014 MOSHI Monsters, the children’s game franchise owned by London-based tech firm Mind Candy, is rolling out to 100 countries via a mobile and tablet app today. The release is part of the company’s transition from traditional web gaming to mobile gaming. Mind Candy is among the UK government’s Future Fifty list of high-growth companies.
Legal liabilities on the rise for biggest UK firms February 3, 2014 BANKS bracing themselves for massive interest rate swaps settlements have helped push overall legal liabilities in the FTSE 100 up 12 per cent in the past year. Overall, blue-chip companies set aside £24.6bn in provisions during 2013, according to figures from Thomson Reuters. Banking companies, which make up around 14.4 per cent of the FTSE [...]
Miliband defends plan to lessen grip of unions despite £4m cost February 3, 2014 SENIOR Labour figures have sought to defend Ed Miliband’s plan to shake up the party’s relationship with trade unions, amid concerns it will cost around £4m a year and give MPs less say in leadership elections. Speaking on the Andrew Marr programme yesterday, deputy leader of the party Harriet Harman said the reforms, which will [...]
RBS brands lost £722m in value over tough 2013 February 2, 2014 BRITISH banks’ brands are soaring in value around the world, according to consultancy Brand Finance, with the exception of RBS which has lost out sharply in the last year. Falling revenues at the state-backed bank are partly to blame, but the agency believes Lawrence Tomlinson’s claims that the lender forced small businesses to the wall [...]
Barclays beats US banks to lead field in public listings this year February 2, 2014 BARCLAYS has come out top as adviser for initial public offerings (IPOs) in the United States for this year so far, Dealogic data showed today. The bank was able to rapidly build its presence in the US in part by snapping up chunks of Lehman Brothers after its collapse in 2008. So far this year [...]
Call for tougher sales pay rules February 2, 2014 NEW RULES governing pay and bonuses for senior risk-takers at banks do not go far enough, Treasury Select Committee chairman Andrew Tyrie said today. The MP wants junior sales staff to face tougher rules as well, after regulators found inappropriate sales commissions on offer at Lloyds from 2010 to 2012. Tyrie said that without new [...]
TSB scraps its premium calls February 2, 2014 NEW HIGH street bank TSB today pledged to replace its premium-rate phone numbers over the coming months. The lender, which is part of Lloyds and will be sold off in the coming months, is replacing its 0845 premium numbers with 0345 local numbers. It comes after a campaign from consumer group Which? to reduce the [...]
Over 55s are the most confident entrepreneurs February 2, 2014 ENTREPRENEURS are increasingly waiting until later in life before starting their own business. Over 40 per cent of over 55s feel they have the skills and abilities to launch a business, compared to just eight per cent of 18 to 24s. But technology remains a stumbling block to starting a business for older entrepreneurs, with [...]
EasyGroup to take car-sharing idea on the road across the UK February 2, 2014 EASYGROUP is rolling out its car-sharing project across the country, following a trial in London. EasyCar, which has offered traditional rental cars since 2000, started work three years ago on a peer-to-peer car-sharing project in the city. EasyCar Club now has hundreds of car owners and thousands of members borrowing their vehicles in the city, [...]
