May 18, 2024
Property

UK fines offshore entities for ignoring property register, but few pay

By Kirstin Ridley LONDON (Reuters) – Britain has fined over 400 overseas entities for failing to sign up to a new register designed to shed light on illicit wealth hidden in UK property, although less than 3% of the penalties have been paid so far, new data shows. Companies House, Britain’s public corporate registry, told

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Funds

Dye & Durham in crosshairs of activist funds Blacksheep and Engine

A second activist investor is targeting legal software provider Dye & Durham Ltd. The Toronto company said Monday it had received notice from Blacksheep Fund Management that the Irish hedge fund may nominate its chief investment officer to join D&D’s seven-person board at its next scheduled shareholder meeting Aug. 20. That meeting was called after

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Investment

UK Govt To Unveil £200mn Nuclear Investment

Prime Minister Rishi Sunak will on Monday announce £200 million ($252 million) of public investment to boost the UK’s nuclear deterrent programme and its civil nuclear industry, which the government says will support 40,000 expected new jobs. The government will partner with industry leaders including BAE Systems, Rolls-Royce and EDF and Babcock to invest at

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Finance

UK Finance Minister Dampens Down Hopes Of Tax Cuts As Election Looms

British finance minister Jeremy Hunt on Sunday talked down the likelihood of tax cuts in this week’s budget, pledging “prudent and responsible” measures “for long term growth”. The Chancellor of the Exchequer had been widely expected to cut taxes in Wednesday’s budget, in a move seen as a way of closing the gap on the

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