2015 was a record year for new car registrations – but VW has lost January 7, 2016 Everyone's a petrolhead now. The year 2015 was a record year for new car registrations, new figures have shown, with 2.63m new vehicles registered during the year – up 6.3 per cent from last year. That was boosted by December – the biggest on record – during which 180,077 new cars were registered, up 8.4 per [...]
City Moves for 7 January 2016 | Who’s switching jobs January 7, 2016 Milbank, Tweed, Hadley & McCloy Milbank, Tweed, Hadley & McCloy has announced that John Goldfinch, a London-based member of the firm’s alternative investments practice group, has been elected to the firm’s partnership effective 1 January. John has a broad structured finance, securitisation and transactional derivatives practice covering the full spectrum of products. He joined Milbank [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
KPMG: Commercial banks and high net worth individuals face bigger threat from hackers targeting specific victims in 2016 January 3, 2016 With high-profile corporate attacks and tightened legislation, cybersecurity soared higher on boardroom agendas last year, but experts are predicting the threat will continue to grow worse in 2016, as hackers increasingly target specific victims. High net worth individuals, commercial banks and corporate treasuries will be especially exposed to threat from organised crime groups this year, [...]
From stamp duty to capital gains: The buy-to-let market has been hit by 14 tax changes in four years December 30, 2015 Thought buying a home was complicated? Spare a thought for landlords, who, it turns out, have been hit by 14 changes to the way they're taxed in the past four years, according to KPMG. Yep: from that 15 per cent hike to stamp duty for properties held within a corporate envelope, way back in the mists [...]
KPMG: UK tax changes will slow down buy-to-let market December 29, 2015 The buy-to-let market will slow down next year due to a series of tax changes, accountancy giant KPMG has said. The changes, including a three per cent hike to stamp duty on buy-to-let homes, to be introduced in April, will put off buyers. KPMG’s Dermot Kallinan said: “It will be interesting to see whether buy-to-let investors opt to [...]
RSA Insurance and Aviva share prices hit as experts warn Storm Eva could knock 0.25 percentage points off UK growth December 29, 2015 As people in Yorkshire and Lancashire spent a second day recovering from once-in-a-generation flooding, experts have warned the damaged wreaked by Storm Eva could hit the UK's GDP growth. Howard Archer, chief UK and European economist at IHS, suggested the impact could be felt both this year and next. "Looking at the extent of the [...]
City Moves for 23 December 2015 | Who’s switching jobs December 22, 2015 KPMG David Ferbrache has joined KPMG as a technical director to enhance the capabilities of the firm’s growing cyber security practice. Prior to working for KPMG, David was the head of cyber & space at the Ministry of Defence. He will lead the development of future cyber security services and advise KPMG’s key clients on [...]
On demand beauty service Milk Beauty raises more than £225,000 on Seedrs crowdfund December 22, 2015 Hackney-based Milk Beauty, the start-up which comes to your home or office to provide beauty treatments on demand, has raised £225,983 in the first 10 days of its crowdfunding campaign on Seedrs. Milk has reached 75 per cent of its investment target of £300,000, for which it is offering an 18.76 per cent stake in [...]
Fintech firm Transferwise in early stage talks to team up with banks in the UK December 21, 2015 London fintech firm Transferwise is set to partner up with the banks it has previously accused of “scamming” customers. The money transfer firm has announced it is in early stage talks with up to 20 banks around the world, including established and challenger banks in the UK, to embed its services in their online banking [...]