Medium-sized British businesses created 780,000 jobs in 2016 and increased profits by 19 per cent, according to new figures released by accountants BDO in a report into the sector’s growth prospects.The increase was a striking improvement on annual profit growth between 2011 and 2015, which averaged less than one per cent a year while jobs increased by 500,000. Stuart Lisle, a senior partner at BDO, explained: “Mid-cap companies get all of the complexity and none of the support, as they don’t have the resources to plough through tax legislation or the government assistance afforded to smaller firms. Many of our clients would be happy to see an increase in the effective rate of tax in return for simplifications to the legislation.”Additional new research out today from management consultancy CIL revealed a third of medium British businesses are looking to the US for post-Brexit expansion. The country already receives 20 per cent of UK exports, worth some £45bn a year. whatsapp Hannah Wilkinson Businesses with a turnover in excess of £10m and £300m outperformed firms in the FTSE 350, where profits contracted by almost a quarter last year. They also fared better than the small companies which faced profit declines of 26 per cent.Read more: Northedge boosted by Sonic saleMedium-sized businesses make up just 1.5 per cent of UK businesses but contribute a third of the economy’s turnover, according to the new report.Championing the interests of the medium-sized firms BDO works with, the report calls on policymakers to reduce red tape and simplify the tax system to help businesses thrive in the wake of Brexit.Read more: Brexit uncertainty has hit two-thirds of medium and large businesses How 1.5 per cent of UK businesses created 780,000 jobs last year Share Monday 30 January 2017 1:00 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp
Vauxhall’s UK operations in Ellesmere Port and Luton employ 4,500 people.This afternoon business secretary Greg Clark said the conversations he and Prime Minister Theresa May had with GM and PSA left him “cautiously optimistic” that both parties will safeguard the future of the sites.Read more: PSA agrees to buy Vauxhall and Opel: What does it mean for UK jobs?However, negotiations through diplomacy are the only avenue option available to the government according to Howard Cartlidge, the head of EU and competition at legal firm DWF. He said: whatsapp Read more: PSA will honour commitments to Vauxhall plants says business secretaryAnd the former chairman of the Pension Protection Fund, Lady Barbara Judge called on pensions watchdogs to scrutinise the deal. She said: Oliver Gill Monday 6 March 2017 6:52 pm The UK government is powerless to challenge or influence PSA’s merger with the owner of Vauxhall from a legal perspective, experts have said.The owner of Peugeot and Citroen revealed this morning it had reached an agreement with General Motors (GM) to merge European operations in a deal that values the combined business at €2.2bn (£1.9bn). The legal position is pretty clear. There is no legal means at least for the UK government to intervene, even if it wanted to. Share “Between the regulator and the takeover panel, they must be content that acquirers are thinking thoroughly about how to ensure existing obligations can be met.” It is widely expected that the deal will be referred to the European Commission (EC) which will review the transaction in accordance with EU law.National governments can intervene when a deal is reviewed by the EC but only when it meets strict conditions – specifically for transactions involving media and issues of national defence.“EU Law says that national governments cannot apply their own legislation to that transaction,” said Cartlidge, who added that this was corroborated by a number of carmaker mergers, such as Tata’s tie-up with Jaguar, which had already been waved through by European authorities.Furthermore, the remit of European authorities will not address some of the key concerns of workers both in the UK and abroad. Cartlidge said: Government cannot intervene to safeguard Vauxhall jobs, say experts We have a pensions regulator for a reason, when there is a large pension deficit in a complex M&A process, it needs to pay attention when deals of this size and scale are going through. Merger law has traditionally not had anything to do with jobs or pension deficits. That’s just not its role. Its role is to see if there is a reduction in competition as a result of the merger. whatsapp Read more: PSA agrees €2.2bn deal to buy Vauxhall owner’s European operationsPSA said it hopes to generate savings of £1.5bn per year by 2026 as a result of the deal.With cost cuts on the cards, there are concerns that plants maybe shut and jobs lost.City sources highlighted fact that French government current has a 14 per cent shareholding in PSA, a situation may influence the thinking of where the knife will drop.PensionsMeanwhile, experts have valued pension liabilities that need to be included in the transaction at around €3bn.
Price wars versus trade wars: Markets work just fine when we leave them alone When markets are liberalised and competitive, consumers are presented with an array of choice. The costs of goods and services tend to fall, giving people who could already purchase products greater flexibility with their disposable income, and making products accessible to those who couldn’t previously afford them at all.In short, free enterprise facilitates good deals for customers. The looming price war between the big supermarket chains will be serious and competitive – but overall it will be a boon for business and consumers alike, thanks to the power of free trade and a free economy.It is notable, too, that even in a climate of uncertainty – with the possibility of a no-deal Brexit still not ruled out – businesses like Tesco and Aldi are indicating that food prices will be cheaper in the near future, not more expensive.It seems that the claim that food stocks will run out post-Brexit isn’t just a gross exaggeration, but a downright attempt to fearmonger over politics. News of a price war suggests that goods will be in stock, they will be accessible, and now, very possibly, they will be cheaper.But not all “wars” on goods and services are created equal. While Lewis prepares to engage in a price war, which will make consumers better off, President Donald Trump continues to escalate a global trade war, threatening US citizens’ access of a variety of cheap products. Friday 21 September 2018 7:51 am whatsapp On Monday, the President is set to place $200bn worth of tariffs on Chinese goods; this may cause China to return the favour, as the country prepares to issue $60bn in duties on US products.Many of Trump’s policies so far have fostered a climate for growth, such as the Republicans’ tax cuts. But these positive economic influences won’t be able to mask the ugly side of trade wars forever.In the end, Trump’s tariffs will be exposed for what they really are: a tax on his own consumers. And that discovery is likely to be painful, as the cost of living increases and certain goods become limited.In short, a trade war is the opposite of a price war – and consumers will be the casualties. Tesco’s discount chain proves that markets work well without political interference. We don’t have to fear that Brexit will threaten our food supplies – but we should be exceedingly worried about the rise of protectionism.Read more: Tesco reveals budget supermarket chain, Jack’s The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since their arrival in the UK in 1990s.Read more: Britain can’t escape a global trade war – so we have to stop itWhile the term may be misleading, “price wars” are exactly the kind of battle consumers should want their suppliers to engage in.Aldi has already responded to the announcement, voicing its readiness to cut costs further to compete with a new chain. Lidl has not commented, though a market source indicated to The Times that “imitation is definitely the most sincerest form of flattery”.Flattering to Lidl, certainly, but overwhelmingly good news for customers too. whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com David Lewis is ramping up a food fight of epic proportions.The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). Share Kate AndrewsKate Andrews is associate director at the Institute of Economic Affairs.
Tags: BBC Brexit G20 People Theresa May Friday 30 November 2018 9:45 am Jessica Clark whatsapp Share International trade secretary Liam Fox this morning backed Theresa May’s Brexit deal as the prime minister ruled out a plan B. Leading Brexiteer Fox said he believed members of the cabinet would back the deal, despite a deeply divided parliament. whatsapp Fox told the BBC Radio 4 Today Programme: “It is very difficult to get a deal that is going to appeal equally to those who are fervently in favour of remaining and those fervently in favour of leaving.“I think the prime minister has been changing the public mood…members of parliament will have to make their own decisions for themselves but they’ll have to compare this particular deal against the alternatives.”“Members of cabinet who don’t vote for the deal won’t be members of the cabinet” he added.Fox’s support comes after May dismissed Labour’s call for a Norway-style agreement on the basis that it would see the UK remain in the European single market and would not end free movement of people.She urged on MPs to consider the “jobs and livelihoods” when deciding how to vote on the Brexit deal. International trade secretary Liam Fox backs Theresa May’s Brexit deal The prime minister will head to Buenos Aires today for the two-day G20 summit, where she is expected to promote her Brexit agreement and Britain’s international role after it leaves the European Union in March next year.“The focus of myself and the government is on the vote that is taking place on 11 December. We will be explaining to members of parliament why we believe that this is a good deal for the UK,” May told reporters on the plane to the G20 summit in Argentina when asked if she had a plan B, Reuters reported.“I ask every member of parliament to think about delivering on the Brexit vote and doing it in a way that is in the national interest and doing it in a way that is in the interests of their constituents because it protects jobs and livelihoods.”
Tuesday 8 January 2019 8:38 am Share It reportedly has the support of senior Conservative figures Sir Oliver Letwin, Sarah Wollaston and Nick Boles, as well as Brexit select committee chair, Labour MP Hilary Benn.Another amendment to the bill, which enacts the Budget, would give the government less room to make Brexit-related tax changes without parliament’s say-so.The bill returns to the Commons today, and currently allows for the Treasury to allocate cash for a no-deal Brexit scenario.“The risks to our economy and security from no deal are far too high and it would be irresponsible to allow it to happen,” Cooper said.“I do not believe parliament would support no deal and ministers should rule it out now. Time is running out and this is too serious for brinkmanship. “Parliament needs to make sure there are opportunities to stop the country reaching the cliff edge by accident. This amendment helps to do just that.”A second amendment to the bill was tabled by Liberal Democrats leader Sir Vince Cable, which would prevent the Treasury from raising income tax or corporation tax unless parliament passes a Brexit deal.“The government is attempting to force parliament to panic by refusing to take no deal off the table,” he told Sky News.“The time has now come for MPs to assert their authority by making it impossible for the government to collect crucial taxes if they do pursue a damaging no-deal.”Lorries rehearsed a no-deal Brexit journey from a disused Kent airport to the port of Dover yesterday, as Prime Minister Theresa May prepares for MPs to vote on her withdrawal agreement on 15 January. Labour and Conservative MPs join forces to attempt to block a no-deal Brexit by stripping government of powers whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Labour and Tory MPs have teamed up to table an amendment that seeks to force the government to rule out a no-deal Brexit.Conservative backbencher Nicky Morgan and Labour MP Yvette Cooper’s proposed amendment to the Finance Bill would limit the government’s spending powers if the UK leaves the EU with no agreement. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.combonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.com Tags: Brexit People Theresa May Joe Curtis whatsapp
James Warrington Share Two of the Leave campaign’s biggest donors believe Brexit will not happen as time runs out for the government to finalise its plan for leaving the EU.Peter Hargreaves and Crispin Odey, who both donated vast sums to the Brexit campaign, told Reuters today that they now expect the UK’s referendum decision to be reversed. whatsapp “Certainly, if there was defeat on Tuesday and it took some time before it got resolved, it’s hard to see how we can get all the legislation through by 29 March.”The pound surged against the dollar to $1.282 following the reports, but dropped after a Downing Street spokesperson rebutted the claims, saying Article 50 will not be extended. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Total PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It Lovemoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com Top Brexit donors Odey and Hargreaves say Britain will not leave the EU Read more: Brexit ‘likely’ to be delayedHedge fund giant Odey, who is known for his bearish investment positions, said he now anticipates a strengthening of the pound, having bet against the UK economy amid Brexit uncertainty.“My view is that it ain’t going to happen,” Odey said. “I just can’t see how it happens with that configuration of parliament.”Billionaire Peter Hargreaves also said he expects the process to break down, predicting an extension to the withdrawal process followed by a second referendum.“I have totally given up. I am totally in despair, I don’t think Brexit will happen at all,” he said. “They [pro-EU campaigners] are banking on the fact that people are so fed up with it that will just say ‘sod it we will stay’. I do see that attitude. The problem is when something doesn’t happen for so long you feel less angry about it.”Hargreaves, who co-founded financial service firm Hargreaves Lansdown, donated £3.2m to the Leave campaign, while Odey cashed out more than £800,000 to support Brexit.This morning it emerged Cabinet ministers expect the Brexit withdrawal process to be delayed due to a backlog of important bills that must be passed before Britain leaves the EU on 29 March.Read more: City of London votes against second EU referendum“The legislative timetable is now very, very tight indeed,” a senior minister told the Evening Standard. Friday 11 January 2019 11:46 am whatsapp More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Tags: Brexit Company Hargreaves Lansdown
Owen Bennett Tuesday 19 February 2019 11:58 pm whatsapp Share Theresa May will travel to Brussels on Wednesday for a meeting with Jean Claude-Juncker after the EU once again ruled out fundamental changes to the Brexit deal.However, negotiators from both sides are currently working on a new legal text relating to the Irish backstop plan aimed at winning support from the UK parliament.Brexit secretary Steven Barclay and Attorney General Geoffrey Cox met the EU’s chief negotiator Michel Barnier on Monday to find a way through the impasse – but all that was agreed was to hold further talks. Business Secretary Greg Clark used a speech at the Make UK conference of manufacturers on Tuesday to repeat his warnings about the implications of a ‘no deal’ outcome.He said: “Some people, when you voice these concerns describe this as ‘Project Fear’.”But for me, knowing the familiarity that you have with the reality of running manufacturing operations and employing millions of people around the UK, I think it is better described as ‘Project Reality’, and your evidence needs to be acted upon.”Foreign Secretary Jeremy Hunt will use a speech in Berlin on Wednesday to pile more pressure on the EU to reach an agreement with the UK.At the Konrad Adenauer Stiftung think-tank he is expected to say that failing to strike deal “would be deeply damaging – economically and politically.”He is expected to add: “We do not want historians in the future to puzzle over our actions and ask themselves how it was that Europe failed to achieve an amicable change in its relationship with Britain – a country that is not simply a partner but a friend and ally in every possible sense.” whatsapp In a press conference on Tuesday, a spokesman for the European Commission ruled out some of the ideas put forward by the UK to reach a deal.Margaritis Schinas said: “The EU will not reopen the Withdrawal Agreement. We cannot accept a time limit to the backstop or a unilateral exit clause.”Downing Street brushed off the comments, with the Prime Minister’s official spokesman saying the EU would have to show flexibility if it wants to avoid a ‘no deal’ outcome in the Brexit talks.He said: “The deal that is on the table has been rejected by 230 votes.“MPs have been clear that they need legally binding changes in relation to backstop so the EU need to work with us in order to give Parliament the assurances that it needs.” Theresa May will travel to Brussels with the EU still not budging on the backstop Tags: Brexit People Theresa May
Wednesday 10 April 2019 8:57 am City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Debate: Should personal auto-enrolment pension contributions rise above the current level of five per cent? More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Opinion Should personal auto-enrolment pension contributions rise above the current level of five per cent?Yes – Samantha Seaton is chief executive of Moneyhub. No – Sir Steve Webb is a former pensions minister and director of policy at Royal London.Getting 10m people to save eight per cent of their pay into a pension – five per cent from the worker and three per cent from their employer – is a huge achievement.Admittedly, the current minimum contribution rate won’t set people up for a comfortable retirement. And yet, it would be a mistake to simply hike up the mandatory employee contribution in the hope that this will lead to people saving enough.Although so far there has been no evidence of significant opt outs at these low contribution levels, there could come a point where that changes.Instead, we should gradually expect firms to match the five per cent contribution made by their workers.We should also use behavioural nudges, such as suggesting people save more when they get a pay rise, to encourage people to save at realistic rates, without risking mass opt outs. Steve WebbSteve Webb is director of policy at Royal London and Samantha Seaton Share The introduction of auto-enrolment has been hugely positive, and it has offered a great opportunity for people to better engage with their finances.The hard truth, however, is that even saving the minimum amount is still unlikely to be enough, because the bare minimum will not guarantee them a comfortable retirement.Despite fears, opt-out rates have been extremely low, and every indication is that this trend will continue following this latest rise. This suggests that there is scope to further increase the employee contribution above the new five per cent rate.The golden rule of money management is if you saved 10 per cent of everything you ever earn, you should live comfortably in retirement. So we should be bolder, and increase the minimum contribution to 10 per cent.Employers are well placed to help employees develop better money habits and build financial confidence. Optimising the auto-enrolment scheme means everyone can put enough money aside for the future. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory whatsapp Tags: Pensions
Read more: NSF sets new date for Provident shareholders to back £1.3bn mergerThe Financial Conduct Authority’s investigation into Moneybarn is close to being concluded and the Vanquis Bank repayment option plan is complete, Provident said, as it moved to reassure shareholders that the business is in safe hands.Provident chief executive Malcolm Le May said he was pleased with the group’s first quarter results, adding that the firm had “diligently built on the stronger foundations established over the past 18 months”.Provident’s trading update follows an increasingly heated war of words between the firm and NSF, which has seen the smaller firm brand Provident’s management team as “specialists in failure”.Last week, NSF extended the deadline for the takeover to 15 May and urged shareholders to back the deal and break the “status quo”. whatsapp Doorstep lender Provident Financial reported that the business’s performance has picked up as it continues to fight against a £1.3bn hostile takeover by smaller rival Non-Standard Finance (NSF).The firm reported that customer growth in its Vanquis Bank and home credit division was up 13 and 40 per cent respectively, and said historical regulatory issues were approaching a resolution. whatsapp Share Friday 3 May 2019 11:20 am Provident moves to reassure investors as sub-prime lender fights hostile takeover bid from rival Non-Standard Finance by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Jessica Clark Read more: Provident lashes out at ‘unlawful’ NSF payments amid takeover disputeNSF chief executive, and former Provident boss, John van Kuffeler also wrote to Provident shareholders to set out NSF’s plans for the merger, adding that it was “most upsetting” to watch Provident’s “recent significant decline”.In recent years Provident has suffered profit warnings, a plunging share price and regulatory fines. Tags: Company Provident Financial
More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Eco-warriors still threaten Heathrow drone chaos despite ‘positive’ talks with airport whatsapp Share More to follow. A Heathrow spokesperson said that despite meeting with activists this morning, they were “disappointed” to learn the protest would still go ahead. What are they threatening?An internal Heathrow Pause Whatsapp message seen by City A.M. reads: “As an act of conscience, we have to act. From the 13 September, we will exploit a loophole in Heathrow airport’s health and safety protocols and fly toy drones within its restricted zone.“It is our understanding that the airport’s authorities will respond by grounding all flights. Drones will not be flown in flightpaths and there will be no risk of harm to anyone.” Consequences ‘very severe’ “Our engagement this morning was positive and a lot of common ground was discussed, however Heathrow Pause fundamentally disagree with our belief that aviation can and should be decarbonised,” a Heathrow spokesperson said. Heathrow Pause, a splinter group of the Extinction Rebellion movement, says it will fly toy drones in the airport’s restricted zone from 13 September, in a move that threatens to force Europe’s biggest airport to ground all flights as a safety measure. whatsapp “The dangers of flying drones in airspace used by airliners carrying passengers are stark and the consequences potentially very severe. Anyone caught illegally using a drone can expect to be dealt with in line with the law. Read more: Police handed new powers to tackle illegal drones after Gatwick chaos by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunMisterStoryWoman files for divorce after seeing this photoMisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com “Heathrow Airport is part of our national infrastructure, and we will not allow the illegal activity of protestors to cause misery to thousands of air travellers,” he said. Read more: Extinction Rebellion threatens to gatecrash London fashion week in latest climate change protest “We will continue to work closely with the Police to mitigate the impact of their illegal action and ensure that the airport operates safely.” Heathrow Pause activists said: “We know that we will be arrested. We know that we face significant prison sentences for our actions. We have lives, we have families, we do not wish to go to prison. They said the move by protesters would be “counter-productive and criminal”. Tags: Aerospace Anyone caught flying a drone above 400ft or within an airport’s boundary faces an unlimited fine or up to five years in prison. Last Christmas, Gatwick was forced to close its runway for three days because a drone flying near its runway was deemed a threat to passenger safety. Earlier this year the government introduced laws that banned drones and similar model aircraft from flying within a five kilometre radius from airport runways following the havoc they wreaked at the Gatwick and Heathrow runways last year. “But we are steadfast in our resolve. We do this in defence of life. We do it because our consciences leave us no other choice but to act.” Friday 30 August 2019 11:55 am Alex Daniel Climate change activists are still planning on flying drones over Heathrow in protest next month, despite a “positive” meeting with representatives from the airport this morning. (Getty Images) The Metropolitan Police’s deputy assistant commissioner Laurence Taylor said the force would “do everything in its power to prevent and stop any such criminal activity”.