UK Companies

Firms In The Firing Line In Tax Evasion Clampdown

The Criminal Finances Act 2017, which comes into effect on 30 September, introduces a new offence where a company can be held responsible if anyone acting on its behalf facilitates tax evasion in any way. “It has a global scope,” said Richard Grint, financial services expert at PA Consulting Group. “This represents a steep change from the range of previous tax ...

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UK tech explores hot new sectors

Another big name in UK tech is losing its independence, with the £550m sale of Imagination Technologies to China-backed private equity firm Canyon Bridge announced last weekend. It was the last significant British chip company left standing after the £24bn sale of Arm to Japanese investor SoftBank last year. The UK has been criticised for its lack of ambition and ...

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BlackBerry shares rally after hitting software sales record

BlackBerry shares soared on Thursday. Shares in BlackBerry (NASDAQ:BBRY) rallied as much was 12 percent on Thursday, after the company posted better-than-expected quarterly results. The company, which has recently undergone a rebranding as a software company, posted net income of $19 million (£14 million), following a loss of $372 million last year. John Chen, chief executive said: “We achieved historical highs ...

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UK Businesses Adopting FinTech Save £4.6 billion Every Year

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. New research has found that a large majority of U.K. companies are adopting fintech (financial technology) applications, helping them save billions each year. The study was conducted by MarketInvoice who surveyed over 3,000 U.K. businesses between August and September 2017. The results found that 77 percent of ...

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GDPR regulations still raising serious concerns to UK companies

The General Data Protection Regulation (GDPR) that takes effect May 25th 2018 is still raising serious compliance concerns for most UK companies, according to a Bitdefender survey. With companies becoming more enthusiastic in deploying hybrid infrastructures that involve leveraging the capabilities of both the public and the private cloud, 85 percent of UK respondents agree encryption is the most effective ...

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The Duke of Cambridge announced as patron of International Business Festival

The Festival, which will be held at the Exhibition Centre in Liverpool next June, will bring together businesses from around the world to access practical advice, make connections and hear from industry experts. At the last International Business Festival in 2016, new business deals worth £250m were agreed, with some 500 UK companies securing exports worth in excess of £87m, ...

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Biotech venture capital funding on track to beat 2016 figures, says BIA

New data, released by the UK BioIndustry Association (BIA) and Informa Pharma Intelligence, has revealed that the venture capital funding and secondary offerings in the biotech sector are on track to beat last year’s figures, maintaining the UK’s lead within Europe. Topline data from the ‘Biotech Financing Update, January–June 2017’ demonstrate that UK biotech continues to dominate venture capital funding ...

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Industry Insider: Where to find decent equity income

The funds that specifically seek to invest in companies paying those dividends are called UK equity income funds. They are popular choices for investors who want to draw income, but are also often used by growth investors who can reinvest the income back into the fund to grow their money. However, there is a danger we are relying on just ...

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