HMRC’s investigations into UK’s biggest firms generate £69 in extra tax revenue for every £1 invested February 7, 2022 HMRC investigations into big firms generate significantly higher returns than investigations into small and mid-sized businesses, according to figures from Pinsent Masons, which said the investigative unit’s high returns will see the taxman focus on large corporate tax dodgers going forwards. The UK tax collector’s investigations into big firms generated £69 in extra tax revenues [...]
New campaign champions £11tn UK asset management industry February 7, 2022 The City of London Corporation is working with the government on a campaign promoting the UK as a leading global investment management centre.
Private equity firms circle embattled retailer THG February 6, 2022 Troubled e-commerce retailer THG is being circled by private equity firms for a potential buyout. Representatives from Advent International have reportedly visited the firm’s Manchester headquarters while LA-based Leonard Green is understood to have also expressed an interest. Shares leapt 16 per cent on Friday following speculation about private equity interest in a Betaville blog [...]
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
Private equity acquisitions of professional services firms up 179 per cent in 2021 February 6, 2022 Private-equity funds have increasingly begun to buy up professional services firms, as they face mounting pressure to deploy their capital quickly in the face of economic uncertainty. The number of private-equity backed acquisitions of UK professional services firms more than doubled over the previous year, from 19 in 2020 to 53 in 2021, according to [...]
Weekend chat: Many companies and investors fear greenwashing claims, says sustainability guru February 6, 2022 Increasing biodiversity and expanding nature-based solutions to solve the climate crisis through so-called voluntary carbon markets (VCMs) are currently a hot topic. VCMs, which encompass all transactions of carbon offsets that are not purchased with the intention to surrender into an active regulated carbon market, do include offsets that are purchased with the intent to re-sell [...]
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
DX auditor quits amid inquiry into company leadership February 4, 2022 AIM-listed delivery firm DX Group has admitted its auditor has resigned amid an investigation into corporate governance at the company.
MPs call on government to deliver new motoring tax to avoid £35bn hole February 4, 2022 The UK Government could find itself with a £35bn financial hole if it doesn’t introduce an alternative motoring tax before 2030, according to a new transport committee report. MPs have argued that by banning the sale of new petrol and diesel vehicles from 2030, the Treasury could lose two sources of income, fuel duty and [...]
Brits should brace for further rate hikes from Bank of England, City economists warn February 3, 2022 Households should brace for further rate hikes from the Bank of England this year as it steps “up its fight against inflation”. The Bank will rapidly pivot policy toward getting on top of Britain’s cost of living crunch, City economists are betting after today’s decision to raise rates at back-to-back meetings for the first time [...]