Search Results for: SME
European Court decides to cut rate VAT on digital books
September 19th, 2014
The European Court of Justice has agreed that a reduced rate of value-added tax may be applied to books that are provided in digital form. The case concerned a publishing company that sought a preliminary ruling from the Finnish ...
FRC updates UK Corporate Governance Code
September 18th, 2014
FRC has issued an updated version of the UK Corporate Governance Code (the Code). This significantly enhances the quality of information investors receive about the long-term health and strategy of listed companies, and raises the bar for risk management. ...
Britain’s audit watchdog revises corporate governance code
September 17th, 2014
Britain’s audit and accounting watchdog has overhauled its corporate governance code for UK companies, it said on Wednesday, to make them safer for investors by giving more information about how they are run and an assessment of any potential ...
UBS and Goldman Sachs left red-faced by AngloGold Ashanti $2.1bn float flop
September 16th, 2014
Proposals for a new London-listed mining spin-off worth £3bn hit the dust yesterday, as shareholders at one of the world’s top gold miners revolted over a $2.1bn (£1.3bn) rights issue key to the massive restructuring. South Africa-based AngloGold Ashanti ...
Hong Kong extends Depositor Protection Scheme
September 16th, 2014
The Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB) have issued a consultation paper on proposed enhancements to Hong Kong’s Deposit Protection Scheme (DPS). The DPS, originally established in 2006, enhancements to ...
Celebrity business leaders using their name to crowd funding websites
September 15th, 2014
The outspoken private equity guru Jon Moulton claims today that the celebrity business leaders may be using crowd funding websites to exploit retail investors. He points out the example of easyJet founder Sir Stelios Haji-Ioannou, as a name using ...
Hertz CEO steps down for accounting errors
September 9th, 2014
Mark Frissora has resigned as chief executive of Hertz Global Holdings Inc, citing personal reasons, as pressure from investors mounts following a series of accounting errors. Hertz’s shares rose as much as 5 percent after the No. 2 U.S. ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
Bank of Japan Stands Pat on Monetary Policy
September 4th, 2014
The Bank of Japan maintained its massive monetary stimulus and its upbeat view on the economy on Thursday, unfazed by recent signs the pain from an April sales tax rise may last longer than expected and make its inflation ...
Poroshenko Flummoxes Investors With About-Face on Truce
September 4th, 2014
Ukraine’s leader sent financial markets into turbulence as he backtracked on talk of an end to five months of violence in his nation’s east. President Petro Poroshenko announced yesterday that he’d hammered out a deal with Vladimir Putin to ...
