PwC tells HMRC to pay up 10 years after MG Rover collapse, claiming £56m in overpaid VAT April 8, 2015 PwC is tapping HMRC up for £56m in overpaid VAT, 10 years to the day that the car giant entered administration. The financial services firm, which handled MG Rover's administration and subsequent liquidation, is claiming the taxman received excess payments on vehicles manufactured by the Midlands-based group and supplied to fleet operators “dating back a [...]
April Fools’ Day 2015: The best (and worst) jokes from BMW, Sun Life, Confused.com, Richard Branson and the London Eye April 1, 2015 Alright, so this year the various political weirdnesses (Joey Essex interviewing Nick Clegg, anyone?) have caused an air of ridiculousness to hang over Westminster for several weeks now – but outside the London bubble, the once-a-year gag fest that is April Fools' Day has kicked off in earnest. Here are some of the best (and [...]
City Moves for 31 March 2015 | Who’s switching jobs March 30, 2015 Allianz Global Corporate & Specialty Rishi Baviskar has been appointed cyber risk consultant in Allianz’s corporate and specialty insurance business’s global risk consulting team. He has over 15 years’ experience working in IT for oil, gas, car, and pharmaceutical companies. Financial Reporting Council Jennifer Walmsley has been appointed director of investor engagement at the Financial [...]
Tough at the top: Will the FTSE giants fall from grace? March 26, 2015 From dividend cuts, to the accounting scandals just waiting to happen, SVM’s Colin McLean talks to Annabelle Williams about the potential pitfalls facing the UK market. The last few years have been tough for the UK’s biggest companies, as FTSE giants from supermarkets and banks, to insurers and oil majors, have come under pressure. [...]
Accounts with benefits: The perks of premium bank accounts March 26, 2015 Nothing says “badge of success” quite like a private bank account. Historically, offering them to customers has been the preserve of the private bank, but in recent years, growing numbers of high street institutions have begun to offer packaged – or premium – accounts to customers with substantial savings and (more often than not) six-figure [...]
FTSE 100 and 250 quarterly review takes effect as Hikma, Tullow Oil and Afren shuffle March 23, 2015 The shake-up revealed as a result of the quarterly review of the FTSE 100 and 250 takes effect this morning. Hikma Pharmaceuticals entered the blue-chip benchmark index, and its shares were down 2 per cent at £21.40. The pharmaceutical products manufacturer, which floated around ten years ago, has a market cap of £4.22bn. Hikma knocked out Tullow Oil [...]
Why you’ll need to abandon your privacy to embrace the driverless car revolution March 19, 2015 Driverless cars have hit Britain’s roads. The BAE Wildcat, a modified military jeep developed by the aerospace company, has been seen out and about in Bristol, while autonomous Lutz pods have been driving around public areas in Milton Keynes and Coventry. By 2030, autonomous vehicles are expected to reach a level of safety and sophistication [...]
Budget 2015: Here are George Osborne’s best quotes plus his Budget speech in full March 18, 2015 George Osborne's final Budget during this parliament had few surprises but plenty of great quips, including – to the dismay of bookies everywhere – a quip about Ed Miliband's now-infamous second kitchen. Here's a selection of our favourites from today's big speech. (Source: Getty/City A.M.) (Source: Getty/City A.M) (Source: Getty/City A.M.) [...]
Budget 2015: We need a second wave of the consumer revolution to restore faith in capitalism March 17, 2015 Today, the chancellor presents his last Budget before the General Election. With limited room for tax giveaways, and a need to show that the Tories are on the side of the “little guy”, it’s time for the second wave of the British competition revolution – to arm consumers to take on big business. Ed Miliband’s [...]
Super Bowl XLIX 2015 adverts: Watch Budweiser’s Lost Dog, NoMore.org’s domestic violence PSA, Bud Light’s Pac Man and T-Mobile’s Kim Kardashian videos February 1, 2015 Some 184m Americans are expected to tune into the Super Bowl this year to watch the New England Patriots and Seattle Seahawks showdown. While American football is nowhere near that popular here in the UK (although it is growing), chances are many more of us have seen a Super Bowl advert shared on our screens [...]