BT, the UK’s leading telecommunications and network provider, has released results for the nine months to 31 December 2022: Revenue of £15.6bn, down 1% as price increases and improved trading in Openreach and Consumer were offset by declines in the other divisions Adjusted EBITDA of £5.9bn, up 3% due to tight cost control and the removal of BT Sport costs Net debt increased by £1.2bn to £19.2bn BT has reaffirmed its outlook for the full year Charlie Huggins, Head of Equities at Wealth Club, commented: “High inflation poses challenges to BT’s business model. Telecoms is a mighty challenging sector. There’s little to…
Author: News Team
The number of fines issued by global financial services regulators reached staggering levels in 2022, according to SteelEye’s inaugural Fine Tracker. SteelEye analysed financial penalties issued by the UK’s FCA; the US SEC; France’s AMF; the Netherlands’ AFM; and Germany’s BaFin and Federal Office of Justice, to create a snapshot of financial services fines for compliance failures in 2022. The results show just how grave the consequences are, across markets, for those that fail to meet their obligations. The number of Financial Conduct Authority (FCA) fines spiked in 2022, at 26 compared to 10 in 2021, but the total value dipped, from £567.77M in 2021…
Veganuary is here, with many people adopting a plant-based diet for the month. Being vegan is easier than ever, but it does sometimes require some research when travelling to make sure that your destination will have vegan-friendly options. Wizz Air presents the best destinations for vegan travel, plus tips for travelling as a vegan. Barcelona Barcelona is a beautiful city full of culture, stunning architecture, perfect beaches, and incredible food – and it’s one of the best vegan destinations in Spain. The local government declared it to be a “friend of vegan and vegetarian culture” and promised to promote veganism…
GlobalData has released latest Legal and Financial Adviser League Tables, in terms of total value and volume of merger and acquisition (M&A) deals they advised on in the financial services sector in 2022. See the findings below. Financial Advisers Goldman Sachs and Piper Sandler top M&A financial advisers by value and volume in financial services sector Goldman Sachs and Piper Sandler were the top mergers and acquisitions (M&A) financial advisers in the financial services sector in 2022 by value and volume, respectively, according to the latest financial advisers league table by GlobalData. Based on its Financial Deals Database, the leading data and analytics…
Apex Group will be providing its digital banking services to Arab Bank (Switzerland) Ltd. (“ABS”). ABS will be using Apex Group’s subsidiary company, European Depositary Bank (“EDB”), which is well-placed to help ABS with its needs, from banking to depositary and custody solutions. Founded in Switzerland in 1962, ABS offers private banking services for high-net-worth individuals and entrepreneurs. EDB has been selected to provide digital banking services for 32 bank accounts for 14 special purpose vehicles (“SPVs”) as part of ABS’ €400m pan-European real estate strategy. Apex Group’s Digital Banking services, delivered by EDB provide an agile and responsive solution…
JD Sport have warned that the personal data of 10 million online customers is at risk after their system became compromised by cybercriminals. Content manager, Les Roberts, has supplied the below advice for businesses: “This is just the latest in a stream of high profile cyber attacks. It does seem that, during the cost of living crisis, hackers are trying harder than ever to steal personal data from companies to target people with phishing texts and calls and perform card-not-present fraud. Data breaches can cause irreparable damage to valuable relationships with your customers, suppliers and other businesses. In a recent study conducted…
Skills and Employment Survey 2023 will examine how work has changed over the past six years The experiences of workers will be investigated as part of a major survey led by Cardiff University and funded mainly by the Economic and Social Research Council (ESRC). The Skills and Employment Survey 2023 (SES2023), which also involves researchers at UCL, the Universities of Oxford and Surrey and the National Centre for Social Research, will help academics assess the impact of an extraordinary period of turbulence for workers which includes the economic downturn, Cost-of-Living Crisis, Covid-19 and Brexit. People aged 20-65 working in Britain…
Cash-strapped Brits wanting to save on their energy costs are being offered tips to help cut back on monthly household bills. Online healthy retailer MuscleFood has collaborated with money-saver Mrs Kath Symes to share eight easy ways to save money in the kitchen and slash the costs of energy bills. Following the surge of energy prices last year, it’s expected these bills could rise even higher in the coming months once changes are made to the energy price cap in April. But making small changes to cooking habits such as turning the oven off two minutes before the timer runs out and putting lids…
Financial planning firm Chilvester Financial has moved from Calne to Chippenham, more than doubling the office space to set it up for future growth. The company, founded in Calne in 1999, has relocated a few miles up the road to Avon Reach, Monkton Hill, Chippenham. Its new premises now provide ample room to expand, to meet face-to-face with clients and to stage events with local businesses, focusing on financial planning topics. “This move is allowing us to improve the services we offer our clients,” said Chilvester Managing Director Andy Tottman. “I hope the local professional services businesses in the area…
By Matt Dickens, Senior Business Development Director at Ingenious Most financial planners and wealth managers will be very familiar with the old maxim, “you should never let the tax tail wag the investment dog”, meaning that one shouldn’t chase a tax benefit by “compromising on either investment performance or risk level”. But what if the client’s specific stated objective is to access a particular tax benefit? An area where this question is especially pertinent is in delivering proactive estate planning. The objective of all estate planning is to ensure the maximum legacy is transferred to the client’s chosen beneficiaries. The…
