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Glaxo Posts 4th Quarter Loss After £2.2 Billion in Legal Charges

03/02/2011

GlaxoSmithKline posted a fourth quarter loss of £476 million, after incurring legal charges of 2.165 billion, due in part to a restructuring of the company in order to deliver annual savings of £2.2 billion by 2012.


 

Small Businesses Taking Longer to Pay Their Bills

03/02/2011

A significant decline in payment performance occurred among UK businesses of all sizes towards the end of 2010 as the bad weather took its toll, the Late Payment Index from Experian® has revealed.


 

Insider Traders 'Must Be Made to Pay', Says Judge

02/02/2011

The Financial Services Authority (FSA) today announced their bringing to light two cases of insider dealing and one count of money laundering.


 

Tax Evasion Penalties: UK200Group Comment

02/02/2011

Members of the UK200Group of independent accountancy and lawyer firms have commented on news that HMRC will begin levying penalties of up to 200% for perceived tax evasion from this April.


 

Corporate Insolvency Statistics for 2010 Won’t Reflect Pain of UK Businesses

02/02/2011

RSM Tenon believe 2011 will see increasing levels of corporate insolvency adding to fears of a ‘double dip’ recession.


 

Accountants and Finance Chiefs Enjoy Escalating Demand

01/02/2011

Finance professionals in Greater London are enjoying a rise in demand for their business management skills and commercial know-how, according to research from the leading recruiting expert Hay Senior Finance.


 

House Prices Fall 0.2%

31/01/2011

The December data from Land Registry's flagship House Price Index shows an annual price increase of 1.5 per cent which takes the average property value in England and Wales to £163,814. The monthly change from November to December is a decrease of 0.2 per cent.


 

Breaking Up the Banks Would Waste Taxpayer's Money

28/01/2011

Members of the UK200Group of independent accountancy and lawyer firms have commented on remarks from Robin Budenberg, head of UK Financial Investments (UKFI), stating that breaking up the banks would have a detrimental effect on the value of those institutions which the UK government holds shares in.


 

One in Four Leading Entrepreneurs Looks to Private Equity and Venture Capital to Raise Funds in 2011

28/01/2011

One in four leading entrepreneurs interviewed1 by Investec Specialist Private Bank (‘Investec’) will be looking to private equity and venture capitalists to raise capital in 2011.


 

Fraud Costs UK Economy £38 Billion a Year

27/01/2011

The new estimate and comprehensive data breakdown is testament to improved methodologies and cooperation across Government and industry. It also shows the real impact fraud has on individuals, businesses and Government.