Search Results for: Allen
PwC lose audit to KPMG of a multinational consumer goods company
May 8th, 2017
Reckitt Benckiser ends 20-year PwC audit contract FTSE 100 consumer health giant Reckitt Benckiser Group has announced plans to change auditor with the announcement that KPMG will replace PwC from 2018 Big Four rival KPMG will become auditor for ...
The European Commission proposes simpler and more efficient derivatives rules
May 7th, 2017
The European Commission is today proposing some targeted reforms to improve the functioning of the derivatives market in the EU. The reforms provide simpler and more proportionate rules for over-the-counter derivatives to reduce costs and regulatory burdens for market ...
Adidas reports strong start into the year; Q1 2017 results
May 5th, 2017
Major developments in Q1 2017: Currency-neutral revenues increase 16% Gross margin declines 0.2pp as a result of anticipated FX headwind Operating margin improves 0.9pp to 11.1% Net income from continuing operations grows 30% to € 455 million Basic EPS ...
GAIN Capital released Q1 2017 results; Net revenue down in relation of Q1 2016 results
May 5th, 2017
Key Results and Highlights for the First Quarter Reported GAAP net loss of $18.9 million, or $0.39 per share Completed acquisition and integration of FXCM U.S. client assets, resulting in the transfer of over $140 million in client assets ...
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
May 5th, 2017
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move ...
AAT affirms ASIC’s disqualification and banning of the former MD of Provident Capital Ltd
May 4th, 2017
On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC’s decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from providing financial services for seven years (refer:15-033MR). The AAT qualified ...
Puerto Rico Has Filed for the Biggest-Ever U.S. Local Government Bankruptcy
May 4th, 2017
Puerto Rico announced a historic restructuring of its public debt on Wednesday, touching off what may be the biggest bankruptcy ever in the $3.8 trillion U.S. municipal bond market. While it was not immediately clear just how much of ...
Oil eases, near weakest since late March on small U.S. stocks decline
May 4th, 2017
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less than ...
BofAML upgrade forecasts for British Pound v Euro and Dollar
May 3rd, 2017
Bank of America Merrill Lynch (BofAML) have told clients they are now confident enough on Pound Sterling to raise their forecast profile. Analysts had been expecting one final dip in the UK currency ahead of a more sustained recovery, ...
Interview with Eurex Clearing AG CEO, Eric Müller
May 3rd, 2017
“We work on delivering attractive and efficient solutions:” Interview with Eurex Clearing AG CEO, Eric Müller The IOMA conference brings together the leaders of the clearing and derivatives industry each year, to debate the themes impacting the sector. As ...
