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EC issues fines totalling EUR1.7bn to eight banks for rigging financial benchmarks

Banks involved in a financial cartel that colluded to fix crucial benchmark rates have been levied with fines that total EUR1.7bn by the European Commission, it was reported on Wednesday. These benchmarks included … Continue reading “EC issues fines totalling EUR1.7bn to eight banks for rigging financial benchmarks”


Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m

The Elephant & Castle Shopping Centre, a retail, leisure and office complex of 327,000 sq ft in Central London, has been sold for GBP80m to property developer Delancey and its joint venture partner … Continue reading “Elephant & Castle Shopping Centre acquired by Delancey and APG for GBP80m”


Good Energy forms partnership with BMW

UK licensed electricity supplier Good Energy announced on Tuesday that it has entered into a partnership agreement with automobile manufacturer BMW to provide¬† 100% green electricity to the households of BMW customers throughout … Continue reading “Good Energy forms partnership with BMW”


Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m

Competition in the UK domestic energy supply market is set to be enhanced according to UK energy company RWE npower, which announced on Wednesday that npower Limited is to sell its subsidiaries, Electricity … Continue reading “Npower sells Electricity Plus and Gas Plus subsidiaries to Telecom Plus for GBP218m”


New sponsorship deals help drive record first quarter revenues for Manchester United football club

UK Premier League football club Manchester United has declared a 63% rise in sponsorship revenue, which has helped the club to achieve record revenues of ¬£98.5m for the first quarter of its fiscal … Continue reading “New sponsorship deals help drive record first quarter revenues for Manchester United football club”


UK car industry to get GBP75m in government funding to design energy efficient cars of the future

A GBP75m fund has been launched by the UK government that will enable automotive businesses to create new low carbon technologies in order to make cars more energy efficient and also help safeguard … Continue reading “UK car industry to get GBP75m in government funding to design energy efficient cars of the future”


Budget retailer Primark achieves 22% growth in sales in 2013

A rise in sales for budget clothing retailer Primark has boosted the profits of its owner Associated British Foods, the BBC reported today. Primark’s revenue increased by 22%, to GBP4.27bn, for the year … Continue reading “Budget retailer Primark achieves 22% growth in sales in 2013”


HM Treasury announces publication of RBS Bad Bank Review

Banking and financial services company RBS Group is determined to become an asset, rather than a burden, to the UK economy, according to a statement released from HM Treasury, in which it announced … Continue reading “HM Treasury announces publication of RBS Bad Bank Review”


UK Government to reform pension charges

¬†Radical reforms to pension charges are to be brought forward by the UK Government, which will reduce the charges on pension schemes used for auto-enrollment, HM Treasury and Department for Work & Pensions … Continue reading “UK Government to reform pension charges”


HMRC introduces new regulations to curb tax avoidance on high value residential properties

HM Revenue and Customs (HMRC) announced today that new regulations have been established to ensure the disclosure of schemes designed and marketed to avoid paying the Annual Tax on Enveloped Dwellings, which was … Continue reading “HMRC introduces new regulations to curb tax avoidance on high value residential properties”


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