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Russian bank VTB could de-list from London due to Ukraine sanctions

first_img whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Russian bank VTB could de-list from London due to Ukraine sanctions Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndo Russian lender VTB is looking at de-listing in London and moving to Chinese stock markets, because international sanctions are squeezing its business.The bank listed in London in 2007, seeking the global capital markets focused in the UK.But pro-Russia separatists’ seizure of Crimea and fighting in Ukraine have led to sanctions on people close to President Vladimir Putin, hitting businesses operating in the West.VTB’s London-listed shares have crashed by 33 per cent since June to $1.87 at close of markets last night.And they are down from a peak of around $7.50 back in 2011.“We are not satisfied with the LSE’s position,” its chairman Andrei Kostin, told reporters in Beijing, according to Reuters. “We are looking at Chinese bourses.” Tim Wallace Sharecenter_img Monday 10 November 2014 8:16 pm Tags: Ukraine crisis whatsapp Show Comments ▼ last_img read more

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July Budget 2015: From a new living wage to cutting the bank levy, the key policies that will affect UK businesses

first_img Sarah Spickernell Show Comments ▼ Share Today was Britain’s first Conservative-only Budget in almost 20 years, and in it chancellor George Osborne revealed a series of policy changes that will affect UK companies Here are the key announcements he made in the business-friendly budget, and what they mean for the UK’s companies.Cut to corporation taxThe amount of corporation tax paid by companies will be cut from its current rate of 20 per cent over the next two years. By 2017, corporation tax will have gone down to 19 per cent, and by 2020 it will stand at 18 per cent.  The chancellor said:  We are giving businesses the lower taxes they need to grow with confidence. Britain is open for business.Corporate tax accelerated for big firmsThe government has committed to a “tax avoidance clampdown”, and claims it will raise £5bn by doing so.  In today’s budget, it said the biggest corporate firms – those with revenue greater than £20m – would be required to pay tax closer to the time profits are announced.  Read more: Every key policy announced today Banks will no longer have to pay levyIn 2011, Osborne introduced an annual tax on the value of all of the debts in UK banks, but this is now being phased out following a string of heavy increases in the levy over recent years.  The levy will be cut over six years and then removed entirely from worldwide balance sheets, in an attempt to encourage Britain’s banks to stay.  Instead, there will be an eight per cent surcharge on bank profits and a new insurance premium tax at 9.5 per cent. Anna Anthony, head of financial services tax at EY, commented:  A reduction in the rate and scope of the bank levy will be very welcome news for the sector, and can be seen as an acknowledgement from the government that the UK does need to remain a competitive location for global financial services companies.Incentives to take on apprenticesClaiming that the skills of Britain’s young are no longer higher than those of the old, Osborne is imposing an apprenticeship levy on all large firms to fund training of apprentices.  It is “a radical, and frankly long overdue approach”, he said, and one which will allow some firms to “get more back than they put in”.  He predicts the plan will create three million more apprenticeships, and that the money will be “directly controlled by employers”.  Read more: Osborne becomes favourite to replace David Cameron as next Tory leader Shops can open for longer on SundayUntil now, there has been a national ban on shops being open for more than six hours on Sundays.  This rule is being removed, which will allow some companies to open for extended hours – local councils and Mayors will now have the power to set the hours in their areas. Small firms allowed more investmentSmall and medium-sized firms will benefit from an increase in annual investment allowance to £200,000 a year. David Fisk, sales director at Quorum, commented:Productivity is extremely important to any businesses and companies need to be investing in solutions that will help to boost business continuity in the event of a disaster so productivity is not hindered. We now live in a digital world and Osborne should be encouraging companies to adapt to the risks this brings and to find solutions that can help increase business output. New national living wageThe minimum paid by employers to its employees is increasing. “Britain deserves a pay rise, and it is getting a pay rise”, the chancellor said.  It’ll be £9 per hour by 2020 for people 25 and older. And it’ll start at £7.20 an hour from next April. [custom id=”48″]  Wednesday 8 July 2015 8:40 am center_img whatsapp July Budget 2015: From a new living wage to cutting the bank levy, the key policies that will affect UK businesses whatsapp Tags: Bank levy employment and wages George Osborne July Budget 2015 National Living Wage People UK jobslast_img read more

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