Six of the world’s largest investment banks, including Barclays and Royal Bank of Scotland, have been fined about $5.7 billion by US regulators in the second and final major settlement with the industry over the foreign exchange markets manipulation scandal.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Ecclestone faces £1Bn U.K. tax bill over family trust
Bernie Ecclestone, the head of Formula One auto racing, faces a 1 billion-pound bill from HMRC in a long-running dispute over a family trust.
Manufacturing exports are strengthening say the CBI
The manufacturing sector expanded again in May, as export orders improved, according to the CBI Industrial Trends Survey.
Late payment message getting home as invoices are being paid faster
Companies settled overdue invoices a day quicker in the last tax year with the North West and food retailing industry showed the greatest improvement in payment performance
Leading motorcycle charity saved from closure by leading entrepreneurs
Two leading entrepreneurs Jamie Waller and Graham Dodridge have stepped in to save motorcycle charity The Imps from extinction after 45 years.
KPMG Enterprise helps support UK fashion designers
Following the announcement of the recent alliance between KPMG Enterprise and the British Fashion Council (BFC), young designers and entrepreneurs from across the UK have utilised the knowledge and expertise of the newly formed small business accounting service.
Zoopla revenues rise as it seeks to fend off new rival OntheMarket
Property portal Zoopla has seen a 10 per cent rise in revenues despite losing nearly a quarter of its estate agency advertisers after the launch of a rival home-selling website earlier this year.
New Conciliation Service will do little to solve late payment problem
Whilst the Secretary of State for Business Sajid Javid confirmed the creation of a Small Business Conciliation Service to help settle disputes between small and large businesses, especially over late payment practices many fear that this will help such a minority of businesses it is too small a help.
Calls for UK Government to demand emergency interim EU VAT suspension
The EU VAT Action group, supported by Business Matters, has called upon all business who are members of trade associations to call for them to support the call for an immediate interim ESC to remove the burden of the new EU-wide rules from micro businesses.
HMRC targets fast growing businesses for risk assessment
HMRC estimates that nearly half of the £34bn tax gap is due to small and mid-sized business non-compliance
Swansea rebranded ‘city of innovation’ to boost inward investment
The welsh city of Swansea is being rebranded as a ‘city of innovation’ under a new branding initiative aimed at attracting a new wave of investment into the whole region, while supporting indigenous entrepreneurs to maximise their commercial potential.
CBI President calls for business to turn volume up in EU debate
Businesses must speak out early in favour of remaining within a reformed European Union, CBI President Sir Mike Rake will say tonight at the CBI’s flagship Annual Dinner.
UK employees beat rest of Europe for watching adult content at work
One in ten admits to viewing adult content at work, higher than France and Germany, research finds.
UK Business comes together to call for Heathrow expansion
Small Businesses across the whole of the country have come out in support of Heathrow expansion, suggesting it will boost the UK economy.
UK open data startups eligible for €100k equity free funding
The new, EU funded, Open Data Incubator for Europe (ODInE) is today calling out to startups across the UK and Europe, to apply for a place on its new programme with the chance to secure up to €100k grant funding.
















