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Industry


BUDGET 2012: Osborne clarifies tax regime changes

The top rate of income tax is to be cut from 50 per cent to 45 per cent in April 2013, the Chancellor of the Exchequer has confirmed. Read full story


BUDGET 2012: Osborne to clamp down on stamp duty avoidance

Chancellor George Osborne has today insisted stamp duty loopholes will be closed in a bid to clamp down on a “major source of abuse”. Read full story


BUDGET 2012: Britain to avoid recession, says OBR

Chancellor George Osborne MP has confirmed today that the Office for Budget Responsibility (OBR) is predicting the British economy will avoid a ‘technical recession’. Read full story


EVCA Geneva 2012: Secondary market hailed as "big winner"

The secondary market has been hailed as the “big winner” for private equity investment opportunities. Read full story


High Court rules on KSF pension debt

The High Court has ruled the pension claims of trustees at failed Kaupthing Singer & Friedlander Bank should be valued using annuity rates on the date of its insolvency. Read full story


Group chief executive quits NFOPP after nine years

Peter Bolton-King, the group chief executive of the National Federation of Property Professionals (NFOPP) has confirmed he is leaving the organisation. Read full story


Fairpoint Group confirms drop in adjusted pre-tax profits

Fairpoint Group has confirmed a drop in adjusted pre-tax profits of £2.9m from the £6.9m declared in the full year results of 2010 to £4m for 2011. Read full story


KPMG's restructuring group head to be firm's new UK chairman

The global head of KPMG’s transactions and restructuring group has been confirmed as the firm’s next UK chairman and senior partner. Read full story


Begbies cuts insolvency workforce by 6.2%

Begbies Traynor has cut its insolvency headcount by 6.2% as the firm continues to focus on its cost base. Read full story


Insolvencies from the past: Dickens (Dec 1824)

200 years on from the birth of Charles Dickens, Insolvency News has dug up this gem from the archives of the London Gazette, way back in 1824. Read full story


IS 2012: Insolvency Service's frustration at Coalition policy

An Insolvency Service (IS) policy director today voiced his frustration at the measures having been introduced by the coalition government to reduce regulation. Read full story


IS 2012: Referendum could overshadow tax changes

The referendum on Scottish independence could over shadow tax changes which are timetabled to be phased in over the coming three years, according to the Scottish Chambers of Commerce (SCC). Read full story


IS 2012: Lloyds is only creditor in consultation response

Creditors were today criticised by conference delegates for their apathy in a recent consultation by the Accountant In Bankruptcy (AIB) on the future of protected trust deeds (PTDs). Read full story


SRI 2012: Guernsey bolstered by PE survey score

Following on from its recent vote of confidence by private equity guru Jon Moulton, Guernsey has now been ranked as the number one location for private equity fund administration, according to findings by State Street. Read full story


SRI 2012: Further reduction in buyout PE predicted

The private equity buyout market will continue to shrink over the coming eight years, as investors demand more niche opportunities and greater control over their portfolio, a leading expert has warned. Read full story


Commercial arm helps HSBC to £13.8bn profit

HSBC’s record year for its Commercial Banking team contributed to pre-tax profits of £13.8bn (US $21.9bn) for 2011, up 15 per cent on the same 12 months in 2010. Read full story


IPs now have "EU-wide jurisdiction" in cross-border cases

Insolvency practitioners (IPs) will now have “EU-wide jurisdiction” for serving insolvency applications in some cross-border cases, the new practice direction has confirmed. Read full story


RBS declares £2bn loss as Restructuring team grows

Royal Bank of Scotland today reported a pre-tax loss of £2 billion – its fourth consecutive loss since it was bailed out by the taxpayer in 2008. Read full story


Harrisons alters management structure

Harrisons has changed its management structure, electing for a “managing director” position to run the entire national partnership. Read full story


IP 'severely reprimanded' by ACCA

EXCLUSIVE: An insolvency practitioner (IP) has been ‘severely reprimanded’ by regulatory body ACCA and ordered to pay costs of more than £10,000. Read full story