In a blow to the HMRC, the Upper Tax Tribunal has agreed with a decision that ‘mega marshmallows’ are not confectionery and, therefore, can continue to be taxed at zero-rated. …
Retirement Planning
US licensing partner joins race to buy up remaining assets of embattled Ted Baker
Ted Baker’s American licensing partner is reportedly the lead contender to take control of the business’s embattled British arm. OSL, which was appointed to run Ted Baker’s American arm over …
US regulator slaps KPMG’s Dutch arm with record-breaking fine over exam cheating
The US audit regulator has fined the Dutch arm of Big Four firm KPMG and its former head of assurance a record amount for violating rules. The Public Company Accounting …
Mike Lynch loses Darktrace board seat amid lawsuit controversy
Tech entrepreneur Mike Lynch has lost his right to a seat on the board of Darktrace after his stake in the tech company fell below the required threshold. Lynch, who …
Regulator floats reversal of key part of Mifid II as current rules ‘restrict’ UK asset managers
The Financial Conduct Authority (FCA) has outlined plans to help firms pay for investment research in the wake of the government’s Edinburgh Reforms. It said today that following a consultation, …
‘Not me, guv’: Tory peer ‘frustrated’ at government response to Post Office concerns, inquiry told
A Conservative peer who has campaigned for the victims of the Post Office Horizon scandal told the inquiry he was “frustrated” at the government’s response when he raised concerns. Giving …
London-listed Centaur Media receives takeover approach
Centaur Media, the owner of titles such as The Lawyer, could become the latest London-listed company to go private after a takeover approach was revealed. The business confirmed to the …
Vanguard names new boss to lead European investment arm
Investment giant Vanguard has announced the new boss of its European division. Jon Cleborne will succeed Sean Hagerty, who has been in the role since 2016. Cleborne currently serves as …
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut
US inflation came in ahead of expectations for a third consecutive month as the prospect of imminent interest rate cuts looks increasingly remote. Figures from the Bureau of Labor Statistics showed the …
EP: 265 Aintree – Friday
There are another four Grade 1 races to look forward to at Aintree on Friday, plus the Topham Chase, run over 2m 5f over the grand national course, during a …