The gender pay gap for ICAEW Chartered Accountants working in business has widened, with women over 45 seeing the biggest drop in salaries from last year, according to the latest salary survey from ICAEW and Stott & May. According to ICAEW figures, male chartered accountants in business earn an average salary of £100,900 (€140,000) compared […]
Almost a million wealthy retirees in the UK plan to work part-time rather than raid their pension pots, despite new freedoms allowing them to do so from April 6, according to a report from RetireEasy.co.uk, the independent, free financial planning tool for those in or nearing retirement. Offering unprecedented insight into the finances of the […]
Megadeals valued over $5 billion (€4.7 billion) are up this quarter compared with Q1 last year, with 18 deals this year compared to 14 last year, accounting for 4% of all deals, according to the latest M&A Insights report by Allen & Overy. The $3-5 billion (€2.8-4.7 billion) range accounted for 12% of deals, with […]
Banque Internationale à Luxembourg Suisse SA (BIL Suisse) has entered into a contract with B-Source, Avaloq’s Swiss BPO centre, to outsource its banking processes. The bank chose B-Source’s comprehensive and pre-configured business process outsourcing (BPO) solution based on the Avaloq Banking Suite. B-Source and BIL Suisse have signed a contract for the provision of BPO […]
JPMorgan Chase & Co. and Omidyar Network announced a $10 million (€9.3 million) combined investment in FIRST, a private equity fund focused on serving the needs of low-income and underserved populations in Brazil, in mid-March. The fund will make investments in high-growth companies in sectors providing essential products and services to low-income households, such as […]
After a particularly strong close for the US IPO markets in 2014, the first quarter of 2015 took a sharp turn with only 38 deals, which raised a total of $5.62 billion (€5.2 billion), according to EY’s Global IPO 2015 Q1 report. While the first quarter is traditionally slow, this is a drop of 46.5% […]
Greece confirmed it has made its €450 million loan repayment to the IMF today, allaying some fears over the country’s ability to repay its current debts. Euro zone partners have given the country six working days to improve a package of proposed reforms in order for the currency bloc to consider releasing more funds to […]
Ayasdi, a Machine Intelligence software provider, announced more than 400% bookings growth for fiscal year ended January 30, 2015, and a new $55 million (€50.6 million) round of Series C funding, led by Kleiner Perkins Caufield & Byers (KPCB), and joined by existing investors, Institutional Venture Partners (IVP), Khosla Ventures, Floodgate, Citi Ventures, and new […]
CEOs in India continue to be more confident about the growth prospects of their business than their global peers, according to PwC’s 18th Annual Global CEO Survey CEOs in other growth markets, unlike those in India, are much less confident now as against last year’s survey, PwC’s data finds. According to PwC’s 18th Annual Global […]
Royal Dutch Shell has announced a £47 billion (€65 billion) merger deal with BG Group, which would reportedly make the combined company worth 9% of the FTSE 100, if it goes through. The deal, already touted to be the biggest of the year, could produce a company with a value of more than £200 billion […]
Compliance departments are feeling increasingly challenged by higher regulatory expectations, coupled with staff shortages and technology concerns, according to a joint Dow Jones Risk & Compliance and Association of Certified Anti-Money Laundering Specialists (ACAMS) survey released at the 20th Annual International Anti-Money Laundering & Financial Crime Conference in Hollywood, Florida, last month. The bi-annual survey, […]
Ethex, the UK’s first not-for-profit platform for positive investors, was named as the winner of the Sustainable Finance category of the Sustainable City Awards 2014-15, in a gala awards ceremony held at London’s Mansion House on 23 March, 2015. Ethex has created a marketplace in which anyone can browse, choose, compare and invest in a […]
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