Forget Brexit, corporate debt is a bigger issue March 11, 2019 As a few of you might have been told many times already, today is the latest Brexit D-Day for the UK, and for Theresa May in particular. Now, despite the fact that I am – at the moment that you are reading this – down on a chilly College Green in Westminster reporting on the latest [...]
Shares hit by investor shyness of Russian firms at gold miner Polymetal, despite strong results – CEO March 11, 2019 Investor uncertainty around Russian firms has held back Polymetal’s share price even though sanctions have not hit the company, its boss said yesterday as the miner showed gold sales up 10 per cent. Tensions between Russia and the west have not impacted operations at the company, chief executive Vitaly Nesis said. Read more: Russia denies 'rubbing [...]
HMRC launches first investigations using new corporate money laundering powers March 10, 2019 HM Revenue and Customs (HMRC) has launched its first criminal investigations under a new money laundering offence, freedom of information requests reveal. The tax authority is investigating a handful of cases under the corporate criminal offence of failure to prevent the facilitation of UK tax evasion which was introduced in the Criminal Finances Act 2017 [...]
Former Trump campaign boss Paul Manafort jailed for financial crimes March 8, 2019 US President Donald Trump’s former campaign manager Paul Manafort has been sentenced to 47 months behind bars for fraud. Manafort was last year convicted of five counts of tax fraud, two counts of bank fraud and one of failing to disclose foreign bank accounts. Read more: Manafort to plead guilty to Mueller investigation charges The [...]
MPs demand estate agents be monitored as part of dirty-money crackdown March 8, 2019 Britain must urgently review its “fragmented” anti-money laundering system and supercharge the UK’s companies registry, a powerful body of MPs has said. The Treasury Select Committee report on economic crime, released today, also said HMRC should begin registering estate agents for anti-money laundering purposes, to prevent ill-gotten gains from being “stashed” in the UK property [...]
Horse Racing Betting Tips: Don’t be a chicken and side with Lecoq in Sandown’s Imperial Cup March 7, 2019 JUST four days to go ladies and gentlemen until the best four days of the year. It perhaps shouldn’t be surprising that given the remarkably dry winter we’ve had, a recent wet spell means that the Cheltenham Festival is likely to start on fairly soft ground. Conditions are going to be testing at Sandown Park [...]
Metro Exodus review: Back in the USSR, this long-running series hits an incredible high March 6, 2019 Nobody glorifies misery quite like the Russians. Across centuries of literature, poetry and music, some of humanity’s most brilliant minds have elevated the struggles of ordinary Russian men and women to incredible symphonies of suffering. Times of unparalleled political and social upheaval – the Bolshevik revolution, the rise of Leninism, the Stalinist purges, the threat [...]
Plexus shares hit oil as licensee pens deal with Russian energy giant Gazprom March 4, 2019 Plexus Holdings soared today as the small oil and gas service provider said a licensee had signed a deal with energy giant Gazprom. The contract becomes the first major deal for its Russian licensing partner LLC Gusar, which has will supply so-called pos-grip equipment to Gazprom. Read more: Gulf Marine drops 75 per cent on profit warnings Shares [...]
Government delays Financial Services Bill vote in tax havens dispute March 4, 2019 A government bill designed to protect the City in the event of a no-deal Brexit was pulled tonight in the face of almost certain defeat after MPs added an amendment that would have forced greater tax transparency on the Isle of Man, Guernsey and Jersey. The decision sparked an outcry among MPs and campaigners who [...]
Perched at the top of Courchevel 1850, the ski resort of L’Apogee boasts Michelin stars, Himalayan salt saunas and five-star skiing March 4, 2019 It’s time to join the Russian oligarchs and ladies-who-lunch (on €250 truffle risotto) in the French Alps’ most-exclusive resort, Courchevel. This is a long weekend skiing done right – hundreds of kilometres of piste, ski-in-ski-out hotel accommodation and beyond-5-star luxury in the snow-clad epicentre of 5-star luxury. The stay: Perched at the top of Courchevel [...]