Record growth across the board for Moneycorp, the foreign exchange firm, in 2016 Moneycorp, the foreign exchange currency provider has reported record income of £137m for the year ending 31 December, an increase of nine per cent year-on-year. The company revealed underlying profits of £22.3 m as well as record revenue growth of 28% in its corporate international payments business. It also stated that it handled over 7m transactions [...]
Trump travel bans causes slump in US tourism Inward travel and tourism will contribute less than usual to the US economy this year, the World Travel and Tourism Council (WTTC) have said. The WTTC’s Impact Research report for 2017 shows that while the US travel and tourism sector is the worlds biggest, forecasted growth in the country’s travel and tourism industry is likely to [...]
Last call for Heineken’s red star as Hungary seeks to ban logo An icon in bars across the world, the Heineken red star logo may be facing its last call. The five pointed star, which has been part of the Dutch beers logo since the 19th century, was also the symbol of the brutal Communist dictatorship that ruled Hungary up until the 1990s. In the latest of [...]
UBS Group to stand trial in France facing accusations of assisting clients in avoiding tax March 20, 2017 UBS Group will stand trial in France facing accusations of assisting clients in avoiding tax. According to judicial sources, UBS may face a fine as high as $5.3bn (£4.3bn) amid allegations that it assisted clients throughout Europe in tax avoidance. In 2014, UBS settled a similar case in Germany for an estimated €300m (£260m). Shares in the [...]
