United Kingdom

Results for United Kingdom

Redx Resurrected After Near-Death Experience

Redx Pharma has returned to the land of the living. Last week, shares in the biotech group were reinstated on London’s junior market after its administrators packed their bags and quit Redx’s offices in Alderley Edge, the Financial Times reported. Ho ...

Daily Headline - global.abi.org - 11/12/2017 - 22:47 - 0 comments

London Court Rules Monarch Cannot Sell Airport Slots

Monarch does not have the right to sell its airport takeoff and landing slots, potentially the most valuable remaining part of the failed airline, a court in London ruled on Wednesday, Reuters reported. In a blow to administrators seeking to recoup money ...

Daily Headline - global.abi.org - 11/08/2017 - 22:16 - 0 comments

Terra Firma Offers to Hand Creditors Control of Four Seasons

The private equity owner of Four Seasons, Britain’s largest care home operator, has proposed relinquishing control of the debt-laden company to its creditors for a “nominal sum”, having incurred £450m in losses, the Financial Times reported. Terra Fi ...

Daily Headline - global.abi.org - 11/08/2017 - 22:20 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Four Seasons’ Largest Creditor Rejects Proposed Debt-Restructuring Plan

The largest creditor in Four Seasons, the UK’s largest care provider, has rejected a proposed restructuring plan of its multi-million pound debt, leading to a bruising fight with its private-equity owner, the Financial Times reported. H/2 Capital has ...

Daily Headline - global.abi.org - 11/07/2017 - 22:43 - 0 comments

Bank of England Increases Interest Rates for First Time in a Decade

The Bank of England has increased interest rates for the first time since 2007, despite fears for the fragility of the UK economy as its 2019 departure from the European Union nears, the Irish Times reported. Policymakers on the bank’s Monetary Policy Committee (MPC) opted to increase interest rates to 0 ...

Daily Headline - global.abi.org - 11/02/2017 - 20:26 - 0 comments

Danske Bank NI Records £20 Million Profit Drop

Danske Bank in Northern Ireland has reported a pre-tax profit of £77.4 million (€88.1 million) for the first nine months of 2017. The latest financial results show a £20 million year on year fall in pre-tax profits - over the corresponding period in 2016 ...

Daily Headline - global.abi.org - 11/02/2017 - 20:40 - 0 comments

RBS Told to Get Act Together on Compensating Small Businesses

The head of Britain's financial watchdog told Royal Bank of Scotland to speed up its handling of compensation claims related to its treatment of struggling businesses during the financial crisis, the International New York Times reported on a Re ...

Daily Headline - global.abi.org - 10/31/2017 - 17:05 - 0 comments

UK Personal Insolvencies Hit 5-Year High in Gloomy Sign for Economy

The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer economy, Reuters reported. The government’s Insolvency Servi ...

Daily Headline - global.abi.org - 10/29/2017 - 21:55 - 0 comments

Essential Pensions News

Essential Pensions News covers the latest pensions developments each month. VAT exemption for pension fund management services provided to DB schemes to be withdrawn for insurers In a development which will principally affect defined benefit (DB) ...

Resource Article - twallace@abiwor... - 10/26/2017 - 14:03 - 0 comments - 0 attachments

Syndicate content