Blockchain, the technology behind digital currency bitcoin, makes a splash in insurance to offer a solution to homeowners renting out part of their property March 10, 2016 SafeShare is making digital waves by launching the first blockchain-based insurance solution for the sharing economy on the market. The insurance startup, in partnership with Vrumi, is offering the product, which was created with Z/Yen Group and using open source timestamp service MetroGnomo, to homeowners. Sharing economy firm Vrumi allows homeowners with extra rooms to [...]
Charles Taylor share price up as professionals services and insurance company reveals profit growth for year ended December 2015 March 10, 2016 Share price in Charles Taylor was trading up today after the professional services company revealed that profits had climbed in its year ended December 2015. The firm, which provides a number of specialist insurance services, announced that profits before tax had grown to £12.8m, up 31.6 per cent from £9.7m the year before, while revenue had also increased to £143.4m, [...]
Robert Walters share price up as recruitment company hikes its final dividend as profits prosper for year ended December 2015 March 10, 2016 Share price in Robert Walters rose today as the recruitment company announced an increase to both its profits and its dividend for the year ended December 2015. The recruiter revealed that profits before tax had rocketed to £22.4m, up 23 per cent from £18.2m the year before, while revenue had increased to £812.7m, up 20 [...]
Michael Page International share price down as recruitment company reveals strong profit growth for year ended December 2015, driven by robust jobs market in US March 10, 2016 Share price in Michael Page International fell today despite the recruitment company revealing strong profit growth for its year ended December 2015. The recruiter, which also trades as PageGroup, revealed a profit before tax of £90.7m, up 12.9 per cent on £80.4m the year before. Meanwhile, revenue inched up slightly to £1.1bn, an increase of 1.7 per [...]
London financial services jobs: Asset management roles the shining star of the industry, and workers pulling in hefty payrises for changing jobs March 10, 2016 Those finding themselves a little too excited for the weekend might be interested to know that switching jobs can bump up their salary by almost a quarter, and it's a jobseekers' market for anybody who fancies a role in asset management, according to research released today. Professional services recruiter Morgan McKinley has found that firms are [...]
Trunki-maker Magmatic loses intellectual property appeal case against PMS International and its Kiddee Case in the Supreme Court March 9, 2016 The Supreme Court has today dismissed an appeal by Trunki manufacturer Magmatic, which contended that a competitor product was breaching its intellectual property rights. Magmatic had previously registered a Community-registered design for its Trunki suitcases which covers various colours but not surface decoration. Magmatic argued in front of the Supreme Court in November that PMS International’s Kiddee Cases, [...]
Tax experts caution government to “practice what it preaches” when it comes to small print, furthering calls for tax simplification March 9, 2016 Tax experts have today called on government to "practice what it preaches" and apply the same levels of simplicity they ask for from businesses to the tax code. Commenting on an open consultation from the Department for Business, Innovation and Skills (BIS) seeking the public's opinions on how terms and conditions could be made more [...]
Bankers’ bonuses: Supreme Court sides with HMRC in appeal against UBS and Deutsche Bank, ruling out scheme designed to avoid income tax March 9, 2016 Bankers may see their bonuses sliced into, as the Supreme Court today sided with HM Revenue & Customs (HMRC), agreeing that taxes could not be avoided when using a special scheme to award employees in shares. UBS and Deutsche Bank set up schemes to pay their bankers discretionary bonuses in redeemable shares in offshore companies. The [...]
Finance jobs of the future: As automation speeds up more routine tasks, finance chiefs need to become more strategic in their work March 9, 2016 Finance chiefs of today might not recognise their department in a few years time, as the function is set to undergo a massive change, according to a report out today. Specialist recruiter Robert Half has discovered that the finance chiefs of tomorrow will be focused more on plotting financial growth for their company, particularly as [...]
Prudential share price up as company announces boost to profits for the full-year ended December 2015 and reveals a special dividend March 9, 2016 Share price for Prudential rose this morning as the financial services company revealed a boost to its profits for the year and awarded a special dividend. Operating profits for the group rose to £4bn, up 22 per cent on the year before. Business was booming in the UK, with operating profits from the company's UK [...]
