HMRC recovers record £3.65bn in unpaid taxes from avoidance schemes, evasion and fraud November 9, 2014 A record amount of unpaid tax has been recovered from avoidance schemes, evasion and fraud by HMRC’s top team of specialist investigators – up by almost a quarter in the past year, says Pinsent Masons, the international law firm. According to Pinsent Masons, the compliance yield from HMRC’s specialist investigations team hit £3.65bn in 2013/14, [...]
Rightmove stays bullish despite cooling down of housing market November 6, 2014 Property website Rightmove yesterday said it had a confident outlook for the full year, as more agents and developers used its service to advertise despite signs of a cooling housing market. In a trading update for the four months to 31 October, Rightmove said its membership had grown two per cent since the first half [...]
Canaccord’s income rises November 5, 2014 CANACCORD Genuity yesterday reported that it had generated second-quarter income of C$20.7m (£11.3m) compared with C$6.7m in the same period last year. Paul Reynolds, president and chief executive of the Canadian wealth management firm, said: “We achieved strong results in our global advisory business and steady recurring revenue growth from our global wealth management operations.”
Amec to complete £2bn Foster Wheeler deal by next Tuesday November 5, 2014 Engineering and project management company Amec yesterday said it has extended the acceptance period for its £2bn takeover of Foster Wheeler until the end of New York trading on 12 November. Amec has also filed a post-effective amendment to the registration statement with the US Securities and Exchange Commission. The company said the offer for [...]
Esure share price down as premiums drop 7.4pc on back of cheaper car insurance November 5, 2014 Shares in Esure yesterday slumped 7.3 per cent after the firm reported that its cuts to car insurance prices had fuelled a 7.4 per cent drop in premiums over the past three months. Esure is behind Sheilas’ Wheels and price comparison site GoCompare.com. It said that while it was writing broadly the same number of [...]
Lure of London helps Unite Group reach 99pc student occupancy November 4, 2014 Student accommodation giant Unite Group, yesterday reported 99 per cent occupancy for the current academic year, with students paying rents three per cent up on last year. In its latest stock market update, the firm said its outlook for business this year was “strong”, supported by further increases in UK student numbers and government policy. [...]
Groupon profits rise as revenues beat forecasts October 30, 2014 Deals company Groupon yesterday announced that it had beat estimates on its third-quarter earnings, reporting a profit of three cents a share on $757.1m (£473m) in revenue for the period ended 30 September. Wall Street had expected earnings of one cent a share on $749m in sales. The news represents a rebound for Groupon, which [...]
Shipbuilder Hyundai Heavy Industries posts biggest quarterly loss on record October 30, 2014 Hyundai Heavy Industries yesterday posted its worst quarterly loss ever, knocked by huge provisions against delayed projects and a slowdown in the world’s shipbuilding industry. The world’s largest shipbuilder’s net loss ballooned to a record 1.46 trillion won (£863m) for the three months ended 30 September from a loss of 12.5bn won a year earlier, [...]
Bullish US outlook helps Janet Yellen win over Charles Plosser and Richard Fisher to interest rate pledge October 29, 2014 Federal Reserve chair Janet Yellen persuaded two hawkish colleagues to join her pledge yesterday to keep interest rates low for a “considerable time”, winning them over by sounding an optimistic tone on the US job market and inflation. Immediately after the announcement, the dollar surged to a three-week high. The Fed announced the end of [...]
Sweden fights deflation with 0pc interest rate October 28, 2014 THE COUNTRY that brought you noir TV detective shows such as Wallander and – with Denmark – The Bridge, yesterday delivered some bleak news for savers. Riksbank, Sweden’s central bank, cut interest rates more than expected to zero to ward off a prolonged deflation risk, and said it would delay tightening policy until the middle of 2016. [...]
