The real story about tax reliefs April 10, 2012 Q How has income tax relief on charitable giving worked in the past? A When income tax payers give to charity they use the “gift aid” system to allow the charity to claim back the tax paid. This gives the charity an extra 25 per cent. But higher rate payers can also add donations to [...]
Cameron set to reveal returns April 10, 2012 DAVID Cameron has moved closer to publishing his tax return following weeks of speculation over whether members of the Cabinet will benefit from the Budget. “The Prime Minister is relaxed about the idea of the tax returns of senior Cabinet ministers being published,” but wants the chance to consider how it could work, a source [...]
Carlyle IPO to come in days April 10, 2012 CARLYLE Group is expected to launch its initial public offering as early as next week, according to market sources. The private equity firm, which first filed for an IPO in September, is widely expected to seek to raise around $1bn, though to date it has only filed for a “placeholder” raising of $100m. JP Morgan, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 10, 2012 FINANCIAL TIMES YAHOO REORGANISES IN WAKE OF CUTS Yahoo’s new chief executive officer spelt out a new organisational structure and leadership team on Tuesday to try to bring growth back to the internet portal company. ENERGY GROUPS AGREE TO TARIFF ADVICE The six biggest energy companies have agreed to write to customers every year to [...]
Apple sweet as it hits $600bn market value April 10, 2012 THE STELLAR performance of Apple shares reached a new milestone yesterday as the firm’s market value hit $600bn (£378bn) for the first time in its history. The stock achieved a new record high of $644 in early trading, re-inforcing the technology giant’s position as America’s most valuable company. Microsoft is the only other firm to [...]
Goldman Sachs makes another high profile change in London April 10, 2012 YOEL Zaoui, co-head of global mergers and acquisitions at Goldman Sachs, has decided to retire from the firm after a 24 year spell during which he has masterminded a host of landmark deals, including the mergers of Arcelor and Mittal and Suez and International Power. The 51 year old star banker is expected to set [...]
HSBC to keep bigger Middle East presence April 10, 2012 HSBC is to exit fewer countries than predicted in last year’s strategic review as it adjusts its plan for an overhaul of the bank. Chief executive Stuart Gulliver unveiled a plan last May that would see the bank exit its retail business in 39 countries deemed “subscale”. But it is understood that is more likely [...]
Alcoa’s $90m profit shocks US analysts April 10, 2012 ALUMINIUM giant Alcoa kicked off the US reporting season last night with a surprise first-quarter profit after it reaped the benefits of improved productivity and calmer global markets. The New York-listed firm posted $94m (£59m) of income from continuing operations, or nine cents per share, compared with a profit of $309m, or 27 cents per [...]
Former RSA boss Andy Haste awarded £2.8m for final year April 10, 2012 INSURER RSA gave its former chief executive Andy Haste a 27 per cent pay rise for 2011 – despite him leaving the firm at the end of last year. Haste’s pay packet hit £2.77m last year, up from his 2010 remuneration of £2.18m. He was also awarded various long-term share and pension benefits. RSA also [...]
Santorum pulls out of GOP race April 10, 2012 RICK Santorum ended his improbable run for the White House late last night after leading a Republican tilt to the right that could dog the more moderate front-runner, Mitt Romney, in November’s presidential election. Romney moved to the right on social issues to try to outflank Santorum but that leaves him, and Republican congressional candidates, [...]
