Mid-sized businesses in the UK have weathered the global downturn better than those in the renowned German Mittelstand, according to new figures released by business advisory and accountancy firm BDO. BDO’s snapshot of the European mid-market shows that the turnover of the UK's mid-sized firms (€1.92 trillion) now exceeds that of the German Mittelstand (€1.78 […]
For most of the small- and large-scale businesses, choosing the best services and products is a challenging task which can be accomplished after a lot of hard work and concentration. However, in a call center landscape, things get a little easier. Because there are only a few of the software that can help increase productivity […]
The average UK fund has returned 90% since December 1999, this compares with a return of 68% from the FTSE 100, with dividends re-invested, according to UK investment management firm Hargreaves Lansdown. With UK managers increasingly investing outside the big blue chips of the FTSE 100, Hargreaves Lansdown says it is more appropriate to compare […]
It’s been something of a monumental month for the team here at Finance Monthly. I was fortunate to meet with the Lord Mayor of the City of London, Alan Yarrow, for an in-depth interview on the past, present and future state of the UK’s finance industry, at the start of February. This month we also […]
Lloyds Banking Group has announced it is to pay its first shareholder dividend in six years after posting a much improved financial performance for 2014. The bank announced a statutory profit before tax of £1.8 billion, a considerable increase on 2013’s figure of £0.4 billion. As a result, it is recommending a dividend of 0.75 […]
The UK’s RBS Group announced an attributable loss of £3,470 million (€4.7 billion) in 2014, compared with a loss of £8,995 million (€12.3 billion) in 2013, when it posted its 2014 financial report today. However, the beleaguered banking group said it was making further progress towards a stronger, safer and more sustainable business. “Last year […]
The Bank of England today launched its new One Bank Research Agenda – an ambitious and wide-ranging framework to transform the way research is done at the Bank. The One Bank Research Agenda aims to improve the coordination and openness of the Bank’s research across all policy areas, to ensure the Bank makes the best […]
Yesterday the FTSE 100 recorded its highest closing price ever, finishing at 6,949.63, higher than its previous best of 6,930.2, recorded on December 30, 1999, when the dot come boom was at its height. In the same day, the FTSE also broke its previous highest intraday price, also achieved on that same day, of 6,950, […]
Balfour Beatty, the international infrastructure group, has announced that it has agreed heads of terms with the Trustee of the Balfour Beatty Pension Fund to re-profile the £85 million (€116 million) pension deficit payment, agreed at the time of the Parsons Brinckerhoff disposal, over eight years. As stated in the trading update on 22 January, […]
The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 (€24 million) for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of £132 million (€180 million) being paid to ensure that none of the funds Aviva Investors managed was […]
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