Financial news

• BTG Pactual spins off fast-growing commodities arm to free up capital

  08-04-2016 23:56
  
  SAO PAULO, April 8 (Reuters) - Grupo BTG Pactual SA has spun off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing.
  
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• El Salvador Attorney Gen says raids Mossack Fonseca offices, seizes docs

  08-04-2016 23:54
  
  SAN SALVADOR, April 8 (Reuters) - El Salvadoran authorities on Friday raided the local offices of Panamanian law firm Mossack Fonseca, seizing documents and equipment, the country's attorney general said on Twitter.
  
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• City News: Brighton pier, Jaguar, Bonmarché

  08-04-2016 23:08 via feedproxy.google.com
  
  BRIGHTON Pier, one of the UK’s best-known seaside attractions, is being bought for £18million by premium bars operator Eclectic Bar Group.
  
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• UK economy rocked by a double whammy

  08-04-2016 22:28 via feedproxy.google.com
  
  BRITAIN’S growth prospects suffered a “double whammy” today as official data showed a yawning trade deficit and slump in industrial production.
  
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• Offshore trusts: what are they?

  08-04-2016 20:42
  
  What is the difference between a private offshore trust and a fund for savers? Are they all designed to avoid tax? We explain the investment vehicles that are in the newsWho has offshore trusts?In the past, they were mostly wealthy British citizens seeking to hold their money outside the UK to avoid income tax and capital gains tax on their earnings, and to pass their wealth to heirs without inheritance tax. But successive HMRC clampdowns (such as on the notorious Jersey-based K2 trust once used
  
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• Offshore trust admission deepens British PM's problems

  08-04-2016 19:19
  
  LONDON (Reuters) - David Cameron had hoped to focus on campaigning to keep Britain in the EU before a referendum in June, but questions about his wealth, government spending and a steel crisis have blurred the prime minister's message.
  
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• Isle of Man to work with UK to crack down on financial criminals - BBC News

  08-04-2016 18:56
  BBC News
  Isle of Man to work with UK to crack down on financial criminals
  BBC News
  The Isle of Man government has promised to work more closely with the UK to crack down on financial criminal activity. Chief Minister Allan Bell told the BBC's Sunday Politics North West that they are committed to enhancing the effectiveness of ...en meer »
  

• Let’s move to Llanrwst, Conwy

  08-04-2016 17:30
  
  You might be high in the HimalayasWhat’s going for it? It’s easy to forget the rest of the world exists when you’re eating a slice of bara brith beside the Tu Hwnt l’r Bont tearoom’s elegant, three-arched bridge, all hairy with virginia creeper, like Hagrid out of Harry Potter. Llanrwst is deep in the Conwy valley, walled in by Snowdonia one way and its foothills the other. A blanket of hush envelops this artsy, majority Welsh-speaking town. You might be high in th
  
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• EU reschedules summit for five days after UK referendum

  08-04-2016 15:49
  
  BRUSSELS (Reuters) - European Union leaders have rescheduled their regular mid-year summit so that they meet five days after Britain's referendum in June on whether to leave the bloc, the EU confirmed on Friday.
  
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• Scotland moves against wealthy gentry dominating land

  08-04-2016 15:39
  
  RIO DE JANEIRO (Thomson Reuters Foundation) - Centuries-old traditions that led to 430 people owning half of Scotland's privately held land are soon to become history as local communities seek to double their ownership in the nation known for its rugged landscape, sheep, and fine whisky.
  
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• Hammond says bookseller removed from Hong Kong under duress

  08-04-2016 12:31
  
  HONG KONG (Reuters) - British Foreign Secretary Philip Hammond said on Friday that a Hong Kong bookseller who disappeared from the Chinese-controlled city under mysterious circumstances last year had been removed under duress, and that the business community was "unnerved".
  
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• Atom becomes UK’s first digital-only bank

  08-04-2016 12:11
  
  With no branches or call centres, all contact is via an app through which customers can talk to a 30-strong service teamYour iPhone can now be your bank branch as a result of a new digital banking service that launched on Tuesday.Based in Durham, Atom Bank has become the first of a number of aspiring digital-only banks to start offering products. It has no branches or vast call centres. All contact is via an app, through which customers are able to talk to a 30-strong service team. Continue read
  
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• As a taxpayer, David Cameron is innocent. As a lawmaker, he is guilty | Simon Jenkins

  08-04-2016 12:10
  
  It’s reasonable to try to keep your tax bill down – but not when you’re a British prime minister who turns a blind eye to offshore tax avoidance on a vast scale
  • David Cameron faces growing pressure to come clean on finances
  • Where does David Cameron’s money come from?Get serious. That is what David Cameron could have said in his interview with Robert Peston last night.There is nothing more ridiculous than Britain in a fit of self-righteousness. Afflicted with
  
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• Bollore's London electric car club scheme faces delay

  08-04-2016 12:05
  
  LONDON (Reuters) - An electric carsharing scheme being rolled out in London by French firm Bollore is taking longer than expected to set up fully because contract talks with the capital's local councils are dragging on.
  
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• Student loans firm Erudio leaves graduates fuming over latest error

  08-04-2016 11:51
  
  Private company that took over 250,000 student loans fails to send deferral forms and then demands early paymentsThe private company that took over 250,000 loans from the Student Loan Company has left graduates in turmoil after it wrongly sent letters demanding early repayments.Every year graduates with older-style student loans can defer making repayments if they earn less than £28,828, but Erudio Student Loans failed to send annual deferral forms to thousands of graduates, and then sent
  
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• Bank of England fines Qatar Islamic Bank's UK unit

  08-04-2016 11:35
  
  LONDON (Reuters) - The Bank of England said on Friday that it had fined QIB (UK) plc, a subsidiary of Qatar Islamic Bank, for failings in reporting its financial resources to the regulator in 2011 and 2012.
  
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• Spot gas prices drift lower on oversupply

  08-04-2016 11:28
  
  (Reuters) - British spot gas prices fell slightly on Friday on a slightly oversupplied network, while falling wind power output boosted demand for gas-fired electricity generation.
  
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• Ironshore's Pembroke Agency Expands UK Financial Institutions D&O Cover - Insurance Journal

  08-04-2016 11:21
  Ironshore's Pembroke Agency Expands UK Financial Institutions D&O Cover
  Insurance Journal
  Ironshore's Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation. The new regulation, known as the “Senior Managers Regime,” places greater personal accountability ...en meer »
  

• House prices rise by 10.1%, plus a guide to the 2016 tax year

  08-04-2016 11:09
  
  Also, a fairytale castle up for grabs and the Airbnb guests who could end up costing you your homeHello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• Surreal estate: live your fairytale fantasy ... own a castle – in pictures

  08-04-2016 10:36
  
  A lakeside fortress in the US, complete with turrets, spires, towers and a moat Continue reading...
  
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• Siemens shifts 300 million pounds of pension liabilities to PIC

  08-04-2016 10:06
  
  FRANKFURT (Reuters) - German industrial group Siemens has transferred 300 million pounds ($422 million) of pension liabilities relating to staff it acquired from VA Tech a decade ago to Britain's Pension Insurance Corporation, the two companies said on Thursday.
  
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• EU backs separation of asset managers' research and trading costs

  08-04-2016 10:04
  
  LONDON (Reuters) - The European Union's executive has proposed clear separation of research and trading costs to inject more transparency into the fees that asset managers charge customers.
  
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• Maintel UK Regulatory Announcement: Annual Financial Report - Business Wire (press release)

  08-04-2016 08:19
  Maintel UK Regulatory Announcement: Annual Financial Report
  Business Wire (press release)
  “This year the Maintel Group not only won its largest ever contract but we also had a number of fruitful wins via competitive tendering, allowing us to enter the 2016 financial year in a strong position as we continue to see a healthy pipeline of ...en meer »
  

• Aberdeen Asset Management PLC UK Raises Position in PNC Financial ... - The Vista Voice

  08-04-2016 08:04
  The Vista Voice
  Aberdeen Asset Management PLC UK Raises Position in PNC Financial ...
  The Vista Voice
  PNC Financial Services Group logo Aberdeen Asset Management PLC UK raised its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 10.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund ...en meer »
  

• I've been asked to take on a second role at work, but am I being duped?

  08-04-2016 08:00
  
  I was assured that I would get a new job title and pay rise, but have been told that my ‘trial period’ is to be extendedTwice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I have been working at a worldwide furniture company
  
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• SFO initiates investigation into Tata Steel's operations - Telegraph

  08-04-2016 02:13
  
  (Reuters) - UK's Serious Fraud Office has initiated a criminal investigation into Tata Steel's operations, the Telegraph reported on Thursday.
  
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• UK employers ease permanent staff hiring as EU vote unsettles - REC

  08-04-2016 01:10
  
  LONDON (Reuters) - Hiring of permanent staff via British recruitment firms increased at the slowest pace in six months in March, with employers perturbed by Britain's approaching European Union referendum and the global economy, a survey showed on Friday.
  
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