IoD: New tax could drive banks abroad

first_imgMonday 4 October 2010 9:02 pm THE Institute of Directors (IoD) has warned the government that plans to introduce a banking levy could drive banking business overseas.The IoD claimed the tax is a knee-jerk reaction designed to tap into anti-bank sentiment.It said that the proportionally large UK tax – £2.5bn a year compared to €1.2bn (£1bn) in Germany – risks jeopardising the UK’s position as a premier finance centre. It also criticised taxing institutions which are largely owned by the public.While the IoD says the proposed levy of £2.5bn a year by 2013 is manageable, it believes it could pave the way for further taxes to be introduced, especially if Labour are voted in at the next election.The government hopes to avoid companies simply changing their domicile by applying the levy to banks conducting business in the UK. However, the IoD warns that corporation tax revenues would be undermined if companies are forced abroad.Miles Templeman, director-general of the IoD, said: “There is clearly public concern about how some of the banks have behaved which needs to be addressed, but this should be done in a way that doesn’t encourage the banks to move their headquarters out of the UK. “There is a risk that the bank levy, as currently designed, will drive banking business away, while doing nothing to reduce the risks that banks pose to the wider economy.”The IoD also said George Osborne has a mountain to climb on tax competitiveness.It said the coalition is heading in the right direction on tax policy, but has a “very long way” to go if it wants to stem the exodus of business and attract new investment to the UK.The UK’s corporation tax rate of 28 per cent means that 18 out of 31 OECD countries have lower rates. KCS-content Share Show Comments ▼ IoD: New tax could drive banks abroad whatsapp whatsapp 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

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Hydrogen Group revenue up 67 per cent in 2010

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp Hydrogen Group revenue up 67 per cent in 2010 Show Comments ▼ Monday 14 March 2011 8:37 pm whatsapp Share KCS-content RECRUITMENT specialist Hydrogen Group reported a 67 per cent jump in its full-year revenue yesterday, with 2010 figures reaching £123.4m.The group’s net fee income rose 64 per cent to £27.6m and pre-tax profits increased to £2.5m, compared with £0.3m before exceptional costs in 2009.Hydrogen chief executive Tim Smeaton said significant investments had been made in the company throughout 2009 and 2010, and that the latest figures showed they were starting to pay off. “Our key plan over the past few years has been the internationalisation of the business,” Smeaton told City A.M. “And the 138 per cent increase in international net fee income shows we’re moving in the right direction.”Hydrogen has offices in Singapore and Sydney as well as London, and plans to open a new office in Hong Kong in the first half of this year. Tags: NULLlast_img read more

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Decision to diversify has already paid off

first_img WHEN Man Group announced its intention to snap up GLG back in May 2010, it was nothing less than a very public act of renunciation. It was essentially saying that there was more to fund management than quant funds, which use computer algorithms to make investment decisions. Diversification was the future, Peter Clarke told shareholders and clients. In 2009, Man Group’s flagship fund AHL – which then accounted for about half of the fund manager’s assets – lost some $1.2bn or around 17 per cent. It was the first ever annual loss in the fund’s 20-year history, but Clarke decided it was enough to instigate a massive structural change. As Man was putting the finishing touches to its GLG acquisition last October, there were suggestions that the deal had been too rash. Quant funds – including AHL along with those run by Winton and BlueCrest – were experiencing something of a comeback thanks to strong trends in bonds, currencies and commodities. But yesterday Clarke’s decision was vindicated. AHL is still 10 per cent below the high water mark at which fund managers can cream off all-important performance fees, down from 3.7 per cent in December. The Japanese earthquake and tsunami, which precipitated a stock market shock, took AHL down with it (although it has since pared back some of its losses). At any rate it proves that Clarke’s decision to move some of the fund manager’s eggs into another basket was the right one. [email protected] Decision to diversify has already paid off Share KCS-content Tuesday 29 March 2011 8:43 pm More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comcenter_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ Tags: NULLlast_img read more

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Nigeria-German Chemicals Plc (NGC.ng) 2007 Annual Report

first_imgNigeria-German Chemicals Plc (NGC.ng) listed on the Nigerian Stock Exchange under the Chemicals sector has released it’s 2007 annual report.For more information about Nigeria-German Chemicals Plc (NGC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Nigeria-German Chemicals Plc (NGC.ng) company page on AfricanFinancials.Document: Nigeria-German Chemicals Plc (NGC.ng)  2007 annual report.Company ProfileNigerian-German Chemicals Plc manufactures and sells a range of specialty industrial chemicals and pharmaceuticals for the household, industrial and agricultural sectors in Nigeria. The company provides agrochemicals which includes herbicides, fungicides and insecticides; household consumer products include disinfectants, insecticides, detergents, bleaches, personal care products, hygiene products and air fresheners; veterinary/animal healthcare products include anthelmintics, ecto-parasite remedies, anti-infectives, anti-rabies vaccines and feed additives; oil and gas products include demulsifiers, flow improvers, biocides, corrosion inhibitors, flocculants, wax inhibitors and scale inhibitors. Established in 1963 and formerly known as Hoechst Products Nigeria Limited, the company changed its Nigeria-German Chemicals Plc in 1995. Its head offices is in Ota, Nigeria. Nigerian-German Chemicals Plc is listed on the Nigerian Stock Exchangelast_img read more

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Metal Fabricators of Zambia Plc. (ZAMEFA.zm) 2014 Abridged Report

first_imgMetal Fabricators of Zambia Plc. (ZAMEFA.zm) listed on the Lusaka Securities Exchange under the Engineering sector has released it’s 2014 abridged results.For more information about Metal Fabricators of Zambia Plc. (ZAMEFA.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Metal Fabricators of Zambia Plc. (ZAMEFA.zm) company page on AfricanFinancials.Document: Metal Fabricators of Zambia Plc. (ZAMEFA.zm)  2014 abridged results.Company ProfileMetal Fabricators of Zambia Plc (ZAMEFA) manufactures and markets copper rods and copper and aluminium electrical conductors in Zambia and for international export. ZAMEFA partners with CBI-Electrical Cable Group, CBI-Electrical Power Installations, CBI-Electrical African Cables and Tank Industries to sell its range of low- and medium-voltage power cables, general insulated wires, aluminium overhead conductors and copper conform products. The company also manufactures and markets telecommunication cables; this division operates as a subsidiary of Phelps Dodge Africa Cable Corporation. ZAMEFA is a subsidiary of Reunert Limited; a South African company that is a wholly-owned subsidiary of Reunert International Investments (Mauritius) Limited. The holding company has extensive interests in the fields of electrical engineering, information and communications technology, and applied electronics. Metal Fabricators of Zambia Plc is listed on the Lusaka Securities Exchangelast_img read more

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Prestige Assurance Plc (PRESTI.ng) Q32014 Interim Report

first_imgPrestige Assurance Plc (PRESTI.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2014 interim results for the third quarter.For more information about Prestige Assurance Plc (PRESTI.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Prestige Assurance Plc (PRESTI.ng) company page on AfricanFinancials.Document: Prestige Assurance Plc (PRESTI.ng)  2014 interim results for the third quarter.Company ProfilePrestige Assurance Plc is an insurance company in Nigeria licensed to cover all classes on non-life insurance. The company offers products for motor, marine, bond, engineering, fire, aviation, oil and gas, and general insurance. Prestige Assurance Plc also provides all risk insurance and products for group personal accident, burglary, fidelity guarantee, workmen’s compensation, machinery breakdown, fire and allied perils, consequential loss insurance and liability insurance. Prestige Assurance Plc is a subsidiary of The New India Assurance Company Limited, Mumbai. It was founded in 1952. The company’s head office is in Lagos, Nigeria. Prestige Assurance Plc is listed on the Nigerian Stock Exchangelast_img read more

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3 reasons why I’d build a dividend stock portfolio right now

first_img Image source: Getty Images. 3 reasons why I’d build a dividend stock portfolio right now Enter Your Email Address Peter Stephens | Friday, 17th July, 2020 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Building a dividend stock portfolio at the present time could be a means of generating a generous passive income over the coming years. Valuations across the stock market are relatively attractive after the recent market crash, with many stocks offering wide margins of safety.Furthermore, a lack of appeal among other income-producing assets may increase demand for dividend stocks in the long run. With stimulus packages having recently been announced in major economies, the growth prospects for many industries could improve significantly.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Low valuations in a dividend stock portfolioDue to the stock market crash this year, it is possible to build a dividend stock portfolio that contains companies with low valuations. Yes, investor sentiment rebounded sharply after the market’s crash, but many companies still trade on valuations below their long-term averages. This may mean they offer relatively high yields that produce a generous passive income.It may also lead to impressive capital returns in the coming years. Buying stocks when they trade at attractive prices has previously been a successful means of generating above-average total returns. As the stock market gradually recovers, your portfolio’s value could rise. This may make it easier to generate a passive income in the long run.Relative appealA dividend stock portfolio may offer significantly greater income prospects than other assets over the coming years. Interest rates have been relatively low for a number of years. And they may now fail to rise rapidly as policymakers across the world seek to provide support to their economies. This could reduce demand for income-producing assets such as bonds and cash. It could also push many income-seeking investors towards dividend stocks.Therefore, as well as offering a relatively high yield, dividend stocks could become increasingly popular among investors. This may help to push their stock prices higher, thereby leading to greater total returns for investors who hold them as part of a diversified portfolio.Growth potentialOwning a dividend stock portfolio may not produce high returns in the short run. The prospects for positive global economic growth have rapidly declined over the past few months. And risks such as a second wave of coronavirus may continue to weigh on the outlook for world GDP.However, the global growth outlook could be positively impacted by fiscal and monetary policy stimulus taking place in major economies. After all, stimulus packages implemented in the global financial crisis had a positive impact on asset prices and economic activity.Although this may not lead to instant gains for dividend stock prices, over the long run it is likely to produce capital growth. Alongside the relatively high income returns available on many dividend stocks, the end result could be attractive total returns. I think that makes now the right time to start building a dividend stock portfolio. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. See all posts by Peter Stephenslast_img read more

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New Global Giving Site

SocialEvents.com has announced a site that will benefit charities by encouraging shoppers to give goods or money to charity.SocialEvents.com has announced a site that will benefit charities by encouraging shoppers to give goods or money to charity. They are calling it, a little late in the day, “the world’s first online global giving site.” Find out more at DMNews.com. Advertisement  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. New Global Giving Site Howard Lake | 26 January 2000 | News read more

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Crime spree Limerick teenager didn’t like being locked up

first_imgA 15-year-old boy who went on four week crime spree that included 13 break-ins and nine bike thefts has been released on bail after he told a judge that he didn’t like the two days he spent in a Garda cell.The teenager, who can not be named for legal reasons, was before Limerick Children’s Court where Detective Garda Colum O’Shea outlined details of the 24 charges against him.Last Sunday, he was questioned about 13 burglaries at student homes in the Castletroy area; the theft of nine bicycles from the UL campus; a trespass at another Castletroy property where he was arrested, the theft of a camera from a customer at McDonalds restaurant in Castletroy and possession of a crowbar.Sign up for the weekly Limerick Post newsletter Sign Up After Judge Mary Larkin was told that the boy’s mother or grandmother didn’t have money to lodge as a cash surety for bail, defence solicitor John Herbert asked the court to consider the spirit of the Children’s Act as the money just wasn’t there. He said that the boy wanted to change his ways and promised to do so.Stating that she wanted to hear the boy give an undertaking to the court, Judge Larkin asked him if he was “going to stop smoking weed and go back to school”.“Yes I am, and I will go to the drug and addiction counselling”, he said.“And why should I trust you? How would you like it if someone stole your bike? Were you in the cells over the weekend, I bet you didn’t like it”, the Judge asked.The boy replied that he didn’t like his time in custody and added “I don’t want to get locked up”.“Well remember what it looks like inside of those cells time you decide to go off the rails because it will be the inside of Oberstown the next time”, Judge Larkin warned adding that he was not to miss another day of school.Granting bail, Judge Larkin imposed a daily sign on condition, a curfew as well as barring him from the Castletroy area and the city centre save for appointments and school related attendance.The case was adjourned to April 4 for instructions from the Director of Public Prosecutions. Facebook Predictions on the future of learning discussed at Limerick Lifelong Learning Festival TAGSCourtcrime spreeGardaJudge Mary Larkinlimerickteen NewsCrime spree Limerick teenager didn’t like being locked upBy Staff Reporter – February 22, 2017 1204 Twitter Limerick Ladies National Football League opener to be streamed live Linkedin Advertisement WhatsAppcenter_img Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Limerick’s National Camogie League double header to be streamed live Previous articleRussell targeting top six finish for Limerick FCNext articleSomething for the Weekend – Live Sport on TV Staff Reporterhttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHOR WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Email Print Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

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UL will play a leading role in educating next generation of…

first_imgTwitter Linkedin Facebook WhatsApp Print Advertisementcenter_img Email Patrick and John Collison of StripeSTRIPE, the multi-billion dollar online payment company founded by Limerick bothers Patrick and John Collison, is among the global technology firms that have joined forces with  University of Limerick to redefine computer science education.UL is introducing a new integrated undergraduate and Masters degree in partnership with over a dozen leading tech companies from Ireland and around the world, including Stripe, Analog Devices, Shopify, Zalando, Intercom, and Manna Aero.With the rapid growth of the internet economy, the Immersive Software Engineering (ISE) programme is designed to meet increased global demand for developer talent.Sign up for the weekly Limerick Post newsletter Sign Up This is borne out by Stripe co-founder and President John Collison who said that there are nowhere near enough software engineers, despite the fact that they have incredible careers solving some of the world’s most important problems in the fastest growing industries.“Immersive Software Engineering seeks to provide a great path to being more secondary students – especially girls – into technology,” he added.Software engineers and computer scientists can command high salaries straight out of university with over three quarters of tech companies in Ireland saying the shortage of tech skills is losing them money.ISE will bring the concept of ‘residencies’, which are more common to medical degrees, and use them as a key feature for the first time in computer science education.Just as trainee doctors apply skills that they have studied in a classroom to the real world, so will ISE students, and they’ll be doing it inside some of the world’s most successful tech companies.Over the four year course, ISE students will complete five paid residencies, each between three and six months long. They will be part of professional teams solving problems like improving access to financial services around the world, fighting the climate crisis, and building next generation instrumentation for healthcare.The programme, which has received support from Enterprise Ireland, IDA Ireland and venture investors, is designed to attract Ireland’s elite young talent with all classes held in a purpose built studio.University of Limerick President  Professor Kerstin Mey said UL’s  industry partners were invaluable in the conception of the programme.“By bringing their industry experience to the benefit of our future graduates and effectively doing something that has never been done before in shaping and changing how computer science is taught in Ireland”.Programme co-director Professor Stephen Kinsella said UL wanted the course to change the way Ireland’s highest performing students think about computer science as a career option.“We want to bring a more diverse audience to computer science and we want ISE graduates to be the premier computer science talent around the world. We’re really excited to be able to work with so many great partners to bring this vision to life,” he explained.Analog Devices chief executive Vincent Roche said that the global demand for developing skilled software engineers is growing at an exponential rate.“As we at Analog solve the most challenging real-world problems in areas such as healthcare and industrial, we have an increasing demand for these skillsets and see the need growing in coming years”. NewsUL will play a leading role in educating next generation of computer scientistsBy Staff Reporter – February 26, 2021 162 Previous articleMiss Limerick to hand back title over ‘no mothers’ ruleNext articleLimerick & District Credit Union providing lending support under the SBCI Scheme Staff Reporterhttp://www.limerickpost.ielast_img read more

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