Budget fears focus on CGT and NI burden June 17, 2010 ENTREPRENEURS will be holding their breath as the new Chancellor delivers his first budget next week. Changes to capital gains tax (CGT), Vat and National Insurance are top concerns. On a positive note, some commentators believe that entrepreneurs have nothing to worry about. Alex Henderson, tax partner at PricewaterhouseCoopers, says that he is anticipating: “An [...]
the INSIDER June 17, 2010 Henry Cecil had a winner on Wednesday, but his Bullet Train ran terribly in the Derby. He may come back today and run a blinder but I can’t put my money on him until he proves it was a one off. Green Moon has proved that he is a good horse in the making with [...]
ANGELS June 17, 2010 Q.My small business needs financing – how do I find an angel investor and what kind of businesses do they fund? A. With so much uncertainty lingering in the markets, it is a difficult time to find investment. But since last summer, activity has picked up among angel investors – wealthy individuals who invest in [...]
Chairman’s Thai hol during leak revealed June 17, 2010 TEMPERS FLARED yesterday as it was revealed that BP chairman Carl-Henric Svanberg was holidaying in Thailand for a lengthy period after the 20 April explosion of the Deepwater Horizon rig. It is understood that Svanberg was yachting in South East Asia at the time, while his colleagues were scrambling to understand how to plug up [...]
Get more bang for your buck in green, spacious Hackney June 17, 2010 THERE aren’t many areas of London where less than a million pounds can get you an original Victorian house with four bedrooms, close access to three parks, independent shops and a commute under 20 minutes. In London Fields, however, the asking price for such a lifestyle is often no more than £800,000. Despite its trendy [...]
StanChart set to be investor in AgBank IPO June 17, 2010 AGRICULTURAL Bank (AgBank) of China, gearing up for a likely record $23bn (£15.5bn) IPO, looks set to tap Britain’s Standard Chartered as a cornerstone investor. AgBank signed a strategic deal with emerging markets-focused Standard Chartered yesterday to collaborate on banking products and services, both in China and internationally. “It’s very likely StanChart will take a [...]
Capello in no mood to bow to detractors June 17, 2010 ENGLAND vs ALGERIA ENGLAND manager Fabio Capello last night defended his selection policy after coming under fire for the first time in two-and-a-half years in charge. On the eve of tonight’s must-win Group C contest with Algeria, Capello vowed to stick with his strategy of only revealing his team two hours before kick-off. And in [...]
BofA Edges ahead with online broker June 17, 2010 BANK of America Merrill Lynch is set to launch an online discount brokerage service aimed at smaller investors next week, the banking group announced yesterday. Merrill Edge will be aimed at clients with $250,000 (£168,751) or less to invest, placing the service in direct competition with other online discount brokers like Charles Schwab, Ameritrade and [...]
Standard Chartered June 17, 2010 STRATEGIC tie-ups rarely add up to much unless both players are willing to put money where their mouth is. That’s why Standard Chartered is almost certainly going to become a cornerstone investor in AgBank when it launches its likely record-breaking IPO. This is about much more than shaking hands. StanChart’s reasons are well-known. This year, [...]
Network Rail boss resigns June 17, 2010 IAIN COUCHER, the Network Rail chief executive, sent shockwaves through the rail industry yesterday after announcing his resignation. City A.M. understands that new transport secretary Philip Hammond and the Department for Transport (DfT) was unhappy with Network Rail’s performance. A report by Sir Roy McNulty, who is chairing a review of the previous government, found [...]
