Category: Articles

New Financial Conduct Authority (FCA) rules will ban credit brokers from charging fees to customers, and from requesting customers' payment details for that purpose, unless they comply with new requirements.

The UK remains one of the most competitive tax destinations according to over 100 of the largest British-based businesses participating in KPMG's annual survey of tax competitiveness 2014. But Ireland has leapfrogged the UK to take the number one position this year.

Henry Sténson has been appointed Head of the newly established Group function, Corporate Communication & Sustainability Affairs at Volvo Car Corporation.

The Coca-Cola Company, SABMiller plc and Gutsche Family Investments (majority shareholders in Coca-Cola Sabco) have agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in Southern and East Africa. The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa.

Rolls-Royce has been awarded a new, two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets, which provides a more than 30 percent reduction in support costs.

Papa John’s, Avan Projects and Global Franchise Architects (GFA) have announced the acquisition of Pizza Corner stores in South India.

Merger of two Bermuda-based firms to accelerate growth in RenaissanceRe's US specialty and casualty reinsurance business.

Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), has filed a motion in the United States Bankruptcy Court for the Southern District of New York seeking approval of a recovery agreement with Senator Fund SPC, a Cayman Islands incorporated investment fund invested exclusively with BLMIS.

Most comprehensive inventory of climate finance available shows that investment fell US$28bn from the previous year and remains far below estimates of what is needed.

News Corp has announced that it has successfully completed its acquisition of Move, Inc, a leading provider of online real estate services and operates a network of sites.

BP has announced that it plans to invest over US$200m to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium.

UK companies admit they are considering turning to ex-hackers in a bid to stay one step ahead of cyber criminals, according to the latest research from KPMG.

Hargreaves Lansdown is broadening its share research as part of an expansion of its stockbroking service.

The Financial Conduct Authority has fined independent financial advisers Chase de Vere £560,000 for failures surrounding sale of Keydata Products.

Pabst Brewing Company, North America’s largest privately held brewing company, announced today that it has completed its sale to Blue Ribbon Intermediate Holdings, LLC.

The Financial Conduct Authority (FCA) has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk.

Deutsche Bank has announced two appointments within its Corporate Finance group in North America.

The Dow Chemical Company has announced an increased divestiture target aligned to further enhance the value of its portfolio and support the Company’s market-driven, integrated strategy.

Berkshire Hathaway Inc. announced today that it has entered into a definitive agreement with Procter and Gamble whereby it will acquire the Duracell battery business from Procter & Gamble.

UK firm will provide spare engines and parts for US Air Force's Lockheed Martin C-130J Super Hercules fleet.

Yahoo! Inc. and BrightRoll, Inc. have announced a definitive agreement for Yahoo to acquire BrightRoll, a leading programmatic video advertising platform.

ALPS, a DST Company focused on asset servicing and asset gathering, has announced the liquidation of three VelocityShares ETFs.

The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations.

The proposal is based on the Modified Nexus Approach proposed by theOECD, which requires tax benefits to be connected directly to R&Dexpenditures, but amends these rules to address concerns expressed by some countries and seeks to address outstanding issues in relation to qualification of expenditures, grandfathering and tracking qualifying R&Dexpenditure.

Greenhill & Co., Inc., a leading independent investment bank, announced today that Jacob Bier has agreed to join the firm effective January 1, 2015, as a Senior Advisor to assist in the expansion of the firm's client relationships in the Nordic region, with particular emphasis on Denmark.

The establishment of the ASEAN Economic Community (AEC) 2015 is a “very ambitious project”, one which will need thousands of skilled finance professionals who can work across borders, agreed a panel of experts at an ACCA (the Association of Chartered Certified Accountants) session at the recent Malaysian Institute of Accountants conference held in Kuala Lumpur.

A new survey from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, reveals that most employees around the world received pay increases in 2014 and can expect to receive comparable increases in 2015.

Hedge fund compensation increased in 2014 as total capital invested in the hedge fund industry again reached new records, according to the 2015 Glocap Hedge Fund Compensation Report, released today by Glocap Search and HFR®.

The European Investment Bank has agreed to provide GBP 1.5 billion (EUR 1.92 billion) for investment by National Grid plc across its national electricity transmission network.

Following evidence submitted to the Treasury for its recent consultation on the North Sea tax regime, Oil & Gas UK has this week made a further representation, repeating calls for urgent reform in light of escalating industry costs and the falling oil price, which yesterday hit a four year low.

Following growth of 3.1 per cent in 2013, the world economy will grow by 3.3 per cent in 2014 and 3.5 per cent in 2015, according to the National Institute of Economic and Social Research.

The Financial Conduct Authority (FCA) has fined three former senior executives of Swinton Group Limited (Swinton) £928,000.

Hansteen Holdings PLC (LSE: HSTN), the UK and Continental European property investment company, announces the sale of the Hansteen UK Industrial Property Unit Trust (“HPUT” or “the Fund”), a UK multi-let industrial property portfolio, in two transactions for a total of £146.1 million (after the deduction of rental top-ups).

Schroders Portfolio Solutions, part of Schroders Multi-Asset Business, is today announcing the appointment of Philip Howard to the role of LDI Solutions Manager.

The European Central Bank (ECB) today assumed responsibility for the supervision of euro area banks, following a year-long preparatory phase which included an in-depth examination of the resilience and balance sheets of the biggest banks in the Euro area.

The Q4 2014 ICAEW/Grant Thornton UK Business Confidence Monitor, published today, shows that business confidence in the UK cooled further in the fourth quarter and currently stands at +28.6. Although lower than the +32.3 level of the past three months, the Confidence Index remains high compared with most of the past 10 years.