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Lloyds Banking Group Announces Irish Portfolio Update

17/12/2010

Since the release of its Interim Management Statement on 2 November 2010, the Group has seen a further significant deterioration in market conditions in the Republic of Ireland, with concerns over the country’s fiscal position leading ultimately to the approval of its application for EU-IMF financial support on 21 November.


 

FSA publishes revised Remuneration Code

17/12/2010

The Financial Services Authority (FSA) has today published an updated Remuneration Code to take into account changes required by the Capital Requirements Directive (CRD3).


 

Sterling Holds its Grounds Despite Weaker Retail Sales

16/12/2010

A report this morning revealed that UK retail sales missed expectations for November, recording just a 0.3% rise on the month, against forecasts for a 0.5% rise.


 

Instability for Euro After Announcement of Spain's Debt

15/12/2010

As EU ministers prepare to meet in the morning to discuss Spain’s spiraling debt problem, the country’s coming under scrutiny following the Irish Republic aid package of 85bn euros (£72bn; $113bn) last month. With German Chancellor Angela Merkel insisting that no country in Europe would be "abandoned", the euro is being defended. But Madrid denies similarities between the two economies, distancing themselves from the Irish crisis.


 

Chartered Accountants Banned for Assisting £Multi-Million 'Boiler Room' Scam

15/12/2010

The Financial Services Authority (FSA) has today fined and banned chartered accountants Paolo Maranzana and Laurence Finger for Sedley Richard Laurence Voulters’ (SRLV) involvement with a boiler room share scam.


 

£20M Privately Backed ‘Fund’ for South West Business Start-Ups

15/12/2010

Business start-ups in the South West of England have a new opportunity to obtain angel investment in the form of Horatio Investments – a £20m privately backed vehicle based in Glastonbury, Somerset.


 

Deloitte Ramps Up Investment in School Leavers

15/12/2010

Deloitte, the leading business advisory firm, is stepping up its support for school leavers with the creation of 100 A Level entry roles, in recognition that a university education may no longer necessarily be the most attractive option for many of the UK’s brightest students.


 

Insider Traders Fined by FSA

14/12/2010

The Financial Services Authority (FSA) has fined former stockbrokers William James Coppin £70,000 and Perry John Bliss £30,000 for using inside information about an AIM-traded company, Provexis plc, to encourage their clients to buy its shares.


 

Banks' Lack of Credit Stifles British Growth

14/12/2010

James Meekings, co-founder of Funding Circle, comments on the Bank of England’s Quarterly Report.


 

BAA Calls for APD Cut as Ireland Reduces Tax by 70%

14/12/2010

BAA is calling on the UK government to cut aviation tax after the Irish finance minister announced a 70 percent reduction to air passenger duty (APD) in a bid to support tourism.