Begbies Traynor swings into profit by pinpointing property to overcome lacklustre insolvency market July 12, 2016 Begbies Traynor revealed a reverse in fortunes today, swinging into a profit in its most recent financial year. The figures The business recovery and property services consultants reported a profit before tax from continuing operations of £558,000 for the year to April, up from a loss of £723,000 the year before. Meanwhile, the company brought in [...]
Showdown time: Carney under fire from Treasury select committee on Brexit vote comments July 12, 2016 Bank of England boss Mark Carney has today had to rebuff allegations that he frightened the public into voting for Remain in the referendum. Andrew Tyrie, chair of the Treasury committee, put it to Carney that there had been a "deliberate attempt to frighten the voting public by the Bank with a political motive" which would "put an [...]
Post Brexit vote, your business still needs to be prepared for the EU General Data Protection Regulation July 11, 2016 High-profile data breaches are becoming increasingly routine. Media coverage of events like the massive TalkTalk hacking scandal have opened the public’s eyes to the insecurity of their private data in the hands of enterprises, though they aren’t the only ones who have taken notice. Regulators across Europe have taken it upon themselves to ensure these [...]
Italy’s banking sector told it needs to play by the rules July 11, 2016 Italy's banking sector needs to play by the rules, the Eurogroup's president said ahead of a meeting of eurozone finance ministers. Italy's banks, which were already bogged down by around €360bn (£307bn) in non-performing loans between them, were dealt a particularly harsh blow when the UK's vote to leave the EU sent their share prices tumbling. [...]
Phones 4u co-founder set to face off against former business partner in court tomorrow, but defendant claims she was bullied into signing a false statement July 11, 2016 A co-founder of Phones 4u will be heading to court tomorrow over a business deal turned incredibly sour. Signia Wealth, a wealth management business ultimately owned by Phones 4u's John Caudwell, is suing Nathalie Dauriac-Stoebe, alleging that she fraudulently claimed around £33,000 in expenses over a three-year period while working for the company, including claims for [...]
Focus on retirement goals when saving for your pension, urge actuaries July 11, 2016 People need to shift their mindset on pensions away from what proportion of their paypacket they are saving to what kind of lifestyle they want in retirement, a report out today suggests. According to the research from The Institute and Faculty of Actuaries (IFoA), encouraging people to focus on what they want their pension pot [...]
Christopher Bailey named president of Burberry, while Marco Gobbetti appointed chief exec July 11, 2016 Fashion designer Christopher Bailey has figuratively lost his spot as boss of the trench coat today, after Burberry named him as president and appointed a new chief executive. Marco Gobbetti, a fashion industry veteran and current chairman and chief executive of French luxury brand Celine, is set to be Burberry's new chief executive. Both men will move into their roles at some [...]
Law firm Clyde & Co confirms faith in Europe by launching first German office July 11, 2016 Clyde & Co is taking its first steps onto German soil, announcing today that it will be launching an office in Dusseldorf. The Dusseldorf office, which will open in the autumn, is the firm's 15th in Europe and 46th worldwide. The new office will initially be populated by a five-strong team from European law firm Noerr, which Clyde [...]
