United Kingdom

Results for United Kingdom

No Safety for Traders on Brexit Result Day on Liquidity Shortage

Bond and currency traders seeking refuge as the results of the U.K. vote on membership in the European Union come in are finding that the world’s financial-market havens aren’t so safe, Bloomberg News reported. There were already signs that liquidity, th ...

Daily Headline - global.abi.org - 06/23/2016 - 22:52 - 0 comments

Dominic Chappell Accused Of Treating BHS Money As His Own

Dominic Chappell, the former owner of BHS, tried to pay for a family holiday to the Bahamas on company expenses and took a £90,000 loan from the department store chain to pay a personal tax bill, according to evidence submitted to MPs, The Guardian r ...

Daily Headline - global.abi.org - 06/23/2016 - 22:54 - 0 comments

Dominic Chappell Accused Of Treating BHS Money As His Own

Dominic Chappell, the former owner of BHS, tried to pay for a family holiday to the Bahamas on company expenses and took a £90,000 loan from the department store chain to pay a personal tax bill, according to evidence submitted to MPs, The Guardian r ...

Daily Headline - global.abi.org - 06/23/2016 - 22:53 - 0 comments

BHS Pensions Demands Were Cut Ahead Of Sale

As a deal to sell BHS was hammered out in 2015, lawyers for the buyer repeatedly reduced the amount of cash they wanted Sir Philip Green to inject into the ailing retailer’s underfunded pension scheme, documents reveal, the Financial Times reported. ...

Daily Headline - global.abi.org - 06/20/2016 - 21:56 - 0 comments

Economists’ Rare Unity Highlights Peril Of Brexit

Britain is a week away from its historic economic decision on EU membership. Economists have never been more united in supporting a vote to remain, yet the profession increasingly appears incapable of persuading the public of Britain’s national interest, ...

Daily Headline - global.abi.org - 06/15/2016 - 21:34 - 0 comments

Tycoon Green To Fix BHS Pensions After Admitting Mistakes

Retail tycoon Philip Green admitted to British lawmakers on Wednesday he had erred in selling BHS to a former bankrupt and promised to help fix a gaping hole in the pension scheme of the collapsed department store chain he owned for 15 years, Reuters rep ...

Daily Headline - global.abi.org - 06/15/2016 - 21:34 - 0 comments

Osborne Says U.K. May Need Tax Increases if Voters Approve EU Exit

A vote in favor of a British exit from the European Union could require the U.K. government to implement emergency tax increases and fresh cuts to public spending, Treasury chief George Osborne will say Wednesday, as polls show support for exiting the EU ...

Daily Headline - global.abi.org - 06/14/2016 - 23:49 - 0 comments

Retail Tycoon Philip Green Faces Tough Questions On BHS Demise

Retail tycoon Philip Green faces tough questions on Wednesday from British lawmakers when they hope to get to the bottom of why he sold department store chain BHS to Dominic Chappell, a serial bankrupt with no retail experience, Reuters reported. After m ...

Daily Headline - global.abi.org - 06/14/2016 - 23:50 - 0 comments

Philip Green Calls On BHS Inquiry Chair To Resign

British retail tycoon Philip Green has called for the resignation of the chair of a lawmakers' committee probing the collapse of the BHS department store chain he used to own, accusing him of seeking to destroy the billionaire's reputation, Reu ...

Daily Headline - global.abi.org - 06/12/2016 - 21:43 - 0 comments

Brexit: Free Movement of People Means Free Movement of Jobs—to the U.K.

If the U.K. votes to leave the European Union, it is now clear it will be largely because a majority of Britons are no longer wiling to accept the right of EU citizens to live and work in the U.K., The Wall Street Journal reported in a commentary. Th ...

Daily Headline - global.abi.org - 06/08/2016 - 20:09 - 0 comments

Syndicate content