After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The top one per cent of earners pay over a quarter of all income tax, according to the Institute of Fiscal Studies April 27, 2016 The UK's top one per cent of earners is now paying more than a quarter of all income tax, according to a new report. Research from the Institute of Fiscal Studies (IFS) found that the proportion of overall income tax paid by the top one per cent of earnings had risen to 27.5 per cent in 2015-16 [...]
EU referendum: Expats want the UK to remain a member of the European Union April 27, 2016 People living in the United Kingdom are engaging in an increasingly fierce debate over whether the country should remain in the EU. But Britons living outside the UK are just as passionate about the outcome, with a recent poll suggesting they will overwhelmingly vote for the country to remain as part of the 28-member bloc. [...]
City watchdog suggests a range of new measures to make UK’s primary listed debt markets more effective April 27, 2016 The City watchdog has today published a list of practical recommendations for improvements that could be made to the UK primary listed debt markets. Recommendations in the Financial Conduct Authority's (FCA) report include extending the FCA's wholesale debt approach to cover wholesale debt documents, establishing an early engagement team to help overseas issuers understand the process [...]
Watchdog issues new rules ahead of auditor merry-go-round April 27, 2016 The accountancy watchdog has today issued its final draft of guidance for auditors ahead of a significant piece of EU legislation coming into force this summer. The final drafts of updates to the Financial Reporting Council's (FRC) UK Corporate Governance Code, Guidance on Audit Committees, and Auditing and Ethical Standards are designed to better secure the independence [...]
AnaCap in talks to buy Barclays’ French arm April 27, 2016 European private equity group AnaCap Financial Partners has entered exclusive talks to buy Barclays' French retail banking and wealth business. The division offers services including current accounts, deposits and mortgages, as well as a variety of products including life insurance and wealth management. The business has a network of 74 branches across France. If a deal is [...]
Barclays profits tumble 25 per cent as investment banking woes continue April 27, 2016 Barclays pre-tax profits have fallen by almost a quarter year-on-year as the investment bank division struggled to perform. But with a sign of progress being made, and confidence about the outlook for the rest of the year, Barclays' share price rose 3.9 per cent in early trading. The figures Barclays' first quarter pre-tax profit dropped 25 per [...]
MP Matt Hancock says the government is exploring how it could use blockchain in taxpayer payments April 26, 2016 The government is exploring how it could use blockchain technology in the tracking and distribution of taxpayers' money, such as grants, a senior MP said today. At a blockchain networking event cabinet office minister and paymaster general Matt Hancock said the government was exploring how blockchain could be used to manage and track the distribution of public [...]
There’s still more to come from UK banks’ connections to the Panama Papers, says the financial watchdog April 26, 2016 The Financial Conduct Authority (FCA) is still looking into the link between UK banks and the so-called Panama Papers tax avoidance leaks. The financial watchdog has written to around 20 banks and other financial institutions asking about their connection to Panamanian law firm Mossack Fonseca. The FCA gave firms a deadline of 15 April to undertake an initial review but there's still a [...]
City Moves for 25 March 2016 | Who’s switching jobs April 25, 2016 FARMDROP Former Marks & Spencer head of logistics, Philip Eaves has joined online marketplace, Farmdrop as its first director of supply chain. The appointment coincides with a major product upgrade as the online marketplace launches one-hour slot, seven-day deliveries via its fleet of zero emission electric vans and Farmdroppers. Philip previously headed up logistical development [...]
Hiscox just stole the man from the Pru as it announces Aki Hussain as its new chief financial officer April 22, 2016 Hiscox, the FTSE 250 and Lloyd's of London insurer, has appointed Aki Hussain as its new chief financial officer (CFO) this morning – poaching the chartered accountant from rivals Prudential. Hussain spent seven years at the Pru after starting his career with big four accounting firm, KPMG, and will be responsible for developing Hiscox's financial products and overseeing its [...]