ConocoPhillips to Exit UK Oilfield

The UK remains one of the most competitive tax destinations according to over 100 of the largest British-based businesses participating in KPMG's annual survey of tax competitiveness 2014. But Ireland has leapfrogged the UK to take the number one position this year.

NS&I today announced that it is reducing the interest rate on its Direct ISA by 0.25% to 1.25% tax-free/AER. This change will come into effect from 16 November 2015. NS&I will be notifying customers affected by the interest rate reduction at least sixty days in advance of it taking place.

“The EU set up the system in 2017, to put pressure on countries to crack down on tax havens and unfair competition, sanctioning those it considered unfair in offering tax avoidance schemes. However, with this news coming in just weeks after the UK’s withdrawal from the EU, many are concerned it’s a sign of things to come,” says Granville Turner, Director at Offshore Company Formation Specialists, Turner Little.

The Rio Tinto board has extended the tenure of chief executive Sam Walsh and chief financial officer Chris Lynch.

British Land announces it has completed a £733 million property exchange transaction with Tesco. Under the terms of the transaction, British Land has sold its 50% interest in a joint venture portfolio of 21 stand-alone foodstores to Tesco and acquired Tesco's 50% interest in two joint venture portfolios predominately comprising Tesco-anchored shopping centres and retail parks.

Did you know that every year, £190bn of Brits’ money is lost to fraud – a figure which is a little less than both the health and defence budgets combined? Unfortunately, it gets much worse – an investigation by price comparison experts, Money Guru, have revealed that almost three quarters (72%)of Brits have fallen victim […]

In today’s rapidly changing business landscape, meeting the highest security standards, processing large amounts of confidential data and ensuring service availability is more crucial than ever. According to Krzysztof Michalik, Head of Delivery - FinTech Stream at STX Next, data engineering can play a key role in supporting the modern business with meeting these requirements, especially fintechs, banks and financial institutions that are handling growing volumes of sensitive, unstructured data.

Current M&A activity is breaking all records and a lively first quarter is forecast

Non-dilutive funding refers to any kind of funding that doesn't require you to give away any form of business equity to your investors. This means you receive monetary funding without giving out even a single share of your company. Examples of non-dilutive funding include loans, grants, tax credits, vouchers, subsidies, and the like.

Bank customers in the future will be able to access their bank accounts with just the touch of a finger, with new technology being trialled by Barclays.