Profit warning from APR kicks up uncertainty

first_img whatsapp Monday 27 October 2014 8:53 pm Tags: NULL whatsapp Show Comments ▼ Sharecenter_img Profit warning from APR kicks up uncertainty by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesThe Best 80 Inch 4k TV For Under $2,000Top 10 Date Night In Movies & Films Of All Time8 Surprisingly Simple Ways to Keep Your Liver Healthyby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesFreight & Shipping Quotes | Search AdsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Caitlin Morrison Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap EMERGENCY power supplier APR Energy’s shares fell by 6.6 per cent yesterday after the company warned that profit may fall at the lower end of expectations for 2014 in its third quarter results published yesterday. Despite improved revenue of $122m (£76m) in the quarter, up from $84m this time last year, the firm said recent hesitancy among customers to make decisions could impact on growth in 2015.Meanwhile, fellow temporary power company Aggreko also saw its shares decline yesterday, by two per cent. Garry White, analyst at Charles Stanley, commented: “Today’s statement from APR Energy has injected more uncertainty into Aggreko’s market. And the market abhors such uncertainty.” last_img read more

On A Roll! Rolls Royce breaks sales record

first_img Share On A Roll! Rolls Royce breaks sales record Show Comments ▼ Tuesday 6 January 2015 8:51 pm LUXURY car manufacturer Rolls Royce has broken its own sales record for the fifth time in a row, selling 4,063 cars last year, an increase of 12 per cent. The UK-based company is owned by BMW and is said to be considering designing a four-wheel drive vehicle. whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Express KCS whatsapp Tags: Company Rolls Royce Holdingslast_img read more

Face-off: Facebook battles Youtube for video dominance

first_img whatsapp Face-off: Facebook battles Youtube for video dominance Thursday 15 January 2015 9:08 am whatsapp Jeff Misenti |Create infographics More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share Show Comments ▼ Tags: NULLlast_img read more

JD Sports share price soars with retailer predicting big profits

first_img Show Comments ▼ Friday 16 January 2015 3:37 am whatsapp The Christmas season may already feel like a distant memory for most, but at JD Sports the festivities are still in full swing. The UK sports retailer’s share price soared seven per cent in early morning trading after the company increased its profit guidance for the year. JD Sports told investors to expect profit before tax for the current financial year to exceed market expectations, which currently ranges up to £90m. The company is celebrating a strong Christmas period in which it recorded like-for-like store sales growth of 12 per cent in the five week period to 3 January 2015. Executive chairman Peter Cowgill commented:  I am delighted to be able to report that the great momentum I reported in the Sports Fascias all our territories earlier in the financial year has been maintained during the key Christmas period, particularly when measured against strong comparatives in prior years. This result is testimony to the strength of the JD brand and its commitment to providing its customers with unrivalled choice, quality and excitement as the leading retailer of Sports Fashion.  JD Sports, which has around 800 stores nationwide, offloaded the loss-making Bank Fashion in November.  However, the chain fell into administration at the beginning of this month, despite being offloaded to turnaround specialists Hilco Capital. The company reported impressive half-year results with pre-tax profits up 170 per cent to £16.4m. The 2014 World Cup helped deliver a financial boost to the retailer, with replica kits flying off the shelves. Joe Hall JD Sports share price soars with retailer predicting big profits center_img whatsapp Tags: NULL Sharelast_img read more

Francois Hollande wants tech firms to be sanctioned as “accomplices” to hate speech

first_img Tags: Francois Hollande People whatsapp whatsapp President Francois Hollande has outlined some bold plans to penalise tech firms if they fail to tackle hate speech.The French President has called for a framework of sanctions that would hit companies like Facebook and Twitter for hosting extremist material such as racially hateful statements that are illegal in France. “We must act at the European and international level to define a legal framework so that Internet platforms which manage social media be considered responsible, and that sanctions can be taken”, Hollande said.A draft law will be introduced in France next month that will consider tech companies “accomplices” if they fail to act against hate speech. The Franch Interior minister Bernard Cazeneuve will travel to the US to discuss the proposals with leading companies such as Google.Hollande said he wanted a “global plan of action” to tackle racism and anti-semitism. His remarks come after services on Tuesday marked the 70 anniversary of the liberation of Auschwitz concentration camp.The move comes in response to the terrorist attacks on the offices of Charlie Hebdo magazine that left 12 people dead earlier this month. Free speech campaigners have reacted angrily to Hollande’s plans.Speaking to the BBC, Jeremie Zimmermann of French online freedom group La Quadrature du Net said:Removing the judiciary from the equation by asking private companies based in the US to surveil and sanction their users – like an automated, privatised police force – goes contrary to the most fundamental principles of our democracies, and against fundamental freedoms.Destroying our own democracy and freedom is playing the terrorists’ game – and letting them win it – a very dangerous and counterproductive trend. Wednesday 28 January 2015 1:03 pmcenter_img Jeff Misenti Share Show Comments ▼ Francois Hollande wants tech firms to be sanctioned as “accomplices” to hate speech last_img read more

European Commission raises Eurozone growth forecast to 1.3 per cent on crumbling oil prices and weak euro

first_imgThe European Commission nudged up its official growth forecast for the single currency bloc today, citing crumbling oil prices, a weaker euro and the European Central Bank’s (ECB) generous stimulus package unveiled earlier this year.The Eurozone will grow at a rate of 1.3 per cent this year and 1.9 per cent in 2016,  the European Commission said in its winter forecast. This is better than gloomier predictions of 1.1 per cent this year and 1.7 per cent next year, which were initially laid out in November. It marks the first time in eight years that all Eurozone economies are expected to grow, a brighter outlook for the region which has been battling against stagnation.Germany, the region’s “star economy,” is expected to hit 1.5 per cent this year compared with an earlier forecast of 1.1 per cent. Other major Eurozone economies – namely France and Spain – also received upgrades.Bucking the trend somewhat, the UK’s growth is expected to be 2.6 per cent this year, down slightly from an earlier forecast of 2.7 per cent.Greece’s projected growth forecast was lowered to 2.5 per cent for this year, down from 2.9 per cent laid out in November. “Europe’s economic outlook is a little brighter today than when we presented our last forecasts. The fall in oil prices and the cheaper euro are providing a welcome shot in the arm for the EU economy.” said Pierre Moscovici, commissioner for economic and financial affairs, faxation and customs. “Meanwhile, the Investment Plan for Europe and the ECB’s important recent decisions will help create a more supportive backdrop for reforms and smart fiscal policies. But there is still much hard work ahead to deliver the jobs that remain elusive for millions of Europeans,” he said. European Commission raises Eurozone growth forecast to 1.3 per cent on crumbling oil prices and weak euro whatsapp Show Comments ▼ Thursday 5 February 2015 5:39 am Share whatsapp Jessica Morris by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles Skill Tags: Eurozone Eurozone inflation Oil priceslast_img read more

Barclays to hire the over-50s as apprentices

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoLivestlyThe Best Redhead Actresses, RankedLivestlyUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoGive It LoveRemember These Rare Sisters? See Them NowGive It LoveUndoSenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsUndoDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionUndo Sunday 8 February 2015 11:13 pm Share BARCLAYS has announced it is launching an apprenticeship scheme for the over-50s, giving older workers a chance at a new career in banking.The scheme, which will place middle-aged trainees on the bottom rung, will be advertised in summer, and piloted later in the year.The move comes after the government’s older workers champion, Dr Ros Altmann, warned more should be done to train and keep older workers. She said two other companies are also planning to hire older apprentices.Barclays said over-50-year-olds had some advantages over younger apprentices, who are aged 16-24.“There is no ceiling on high anybody can go,” Mike Thompson, Barclays head of apprenticeships told the Sunday Times.“Older people have more life experience, and can show more empathy. They will have had a mortgage, they will know how to budget and how to support customers.”Barclays is still considering whether its older apprentices will earn more than the standard rate paid to younger trainees, of about £9.15 an hour in London and £7.85 elsewhere. whatsapp Barclays to hire the over-50s as apprentices center_img whatsapp Tags: NULL Show Comments ▼ Express KCS More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comlast_img read more

HSBC bosses Stuart Gulliver and Douglas Flint apologise to MPs over Swiss private banking scandal

first_img HSBC bosses Stuart Gulliver and Douglas Flint apologise to MPs over Swiss private banking scandal Wednesday 25 February 2015 12:13 pm More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Emma Haslett Share Stuart Gulliver, HSBC’s chief executive and Douglas Flint, the embattled bank’s chairman, have apologised for “unacceptable” practices at its Swiss private banking arm.During questioning by the Treasury Select Committee, Gulliver admitted the scandal had caused “damage to trust” in HSBC, while Flint said he felt “shame” and would “take his share of responsibility”.However, in the face of questions about why Gulliver was still supported by the board despite a number of investigations currently directed at HSBC, Flint said: I think Mr Gulliver’s doing an outstanding job. Many of these things are not criminality but wide ranging investigations. It’s beyond the facts to say they’re evidence of criminalityThe two were hauled in front of the Committee after leak of data around accounts at the bank revealed it had helped private banking customers avoid tax.  Flint said the majority of those responsible were “the management in Switzerland”, adding that around 30 per cent of the relationship managers responsible then were still employed by the bank. MPs also took turns baiting the pair, asking whether they considered themselves “fatcats”. While Gulliver was questioned heavily about his non-domiciled statuses, Flint insisted he was “transparent” about the amount of tax he pays:  I pay all my tax and I find it abhorrent that others don’t. Today if you’re banking outside the country in which you live you have to be transparent.And although the pair both said HSBC had reformed since the leaks, in 2007, Flint added he could not rule out the chance of more problems coming to like. The process of reforming will “always be ongoing”, he said. whatsapp Show Comments ▼ whatsapp Tags: Company HSBC Holdings People Stuart Gulliverlast_img read more

Permira offloads remaining ‡1bn stake in Hugo Boss

first_img Express KCS Show Comments ▼ Monday 16 March 2015 9:40 pm Permira offloads remaining ‡1bn stake in Hugo Boss Share whatsapp Tags: NULLcenter_img German fashion house Hugo Boss is parting ways with its investor Permira after the private equity firm launched a sale of its remaining €1bn (£720m) stake last night. Permira has been gradually cutting its holding in Hugo Boss after acquiring a majority stake in 2007. The investment vehicle Red and Black – which is 60 per cent owned by Permira – had 11.9 per cent remaining before the sale, which took place overnight. The accelerated bookbuild is being handled by Bank of America Merrill Lynch and UBS. A price range of €112 to €118.6 per share has been set, reflecting a maximum discount of 5.6 per cent. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search Ads More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com last_img read more

What does the chancellor’s Budget mean for you? From the single parent to the startup founder

first_img Show Comments ▼ whatsapp Share Wednesday 18 March 2015 8:58 pm Express KCS More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com What does the chancellor’s Budget mean for you? From the single parent to the startup founder Tags: Budget 2016 Startups whatsapp THE SINGLE PARENTCatherine Gannon, 51Managing partner at law firm Gannons Gannons Commercial Law continues to do well, with profits and earnings up on last year. Catherine is commercially savvy and has restructured the business from an LLP to a limited company, illustrating that she is a smart operator in a segmented legal market. Catherine lives with two children, aged 12 and 14, in a home with a mortgage and holds several investment properties. BDO’s BUDGET TEAM SAYS: The major announcement which will be of interest to Catherine is around the government consulting on a shake up on business rates and the abolition of the annual tax return. Both measures could reduce the time and cost of doing business and provide Catherine’s business with more funds for re-investment and growth. On a personal tax note it will be interesting to see how the abolition of the tax return will work for Catherine’s rental properties, as it is presumed this information will still need to be reported in some form to HMRC. THE ENTREPRENEURKristo Kaarmann, 34Co-founder of TransferWise, a peer-to-peer international money transfer business, in Shoreditch Kristo’s business is just over three years old. It has attracted $91m of investment from venture capital and private investor, and is growing at 10-15 per cent a month. It now employs 50 people in the UK and 250 more around the world. Kristo travels overseas twice a month to visit international offices as well as the firm’s US investors. He owns property in Tallinn, Estonia, but rents in London. Kristo cycles to work and takes a salary of £35,000, and he doesn’t have a pension. BDO’s BUDGET TEAM SAYS: The Budget 2015 is a mixed bag for Kristo. The abolishment of employer NICs on payments to apprentices under the age of 25 will help to reduce his business costs and provide more incentive to recruit new staff under an apprenticeship scheme. However, the government is cracking down on international enterprises diverting profits from the UK which will increase costs for Kristo as he will be required to provide country-by-country reporting to the UK authorities on his activities overseas. THE FAMILY MAN Martin Winter, 59Partner, Taylor Wessing Martin, a keen runner, lives in Wandsworth with his wife in a home they own outright. They have a 24-year-old son doing an MBA in the US on a waterskiing scholarship, and a daughter who works in marketing. Martin saves through Isas and EIS. Taylor Wessing recorded average earnings per partner of £657,000 last year. BDO’s BUDGET TEAM SAYS: There are no big giveaways for Martin in this year’s Budget. As an additional rate income tax payer he will not see any benefit from the increase in the personal allowance. The chancellor is reducing the pension lifetime allowance from £1.25m to £1m from April 2016. If affected, Martin will need to speak to his pensions’ adviser as soon as possible as he is approaching retirement age. He will be pleased that the chancellor announced no further cuts to the current pensions annual allowance, so Martin will still receive tax relief on his contributions each year, provided his pension pot is below the lifetime limit. THE APPRENTICE LIVING AT HOMEHannah Bufton, 19Higher apprentice, PwC Hannah is currently living with her parents while saving for a deposit for a flat. She earns a salary of £23,750. Hannah travels to work on the train and drives at the weekends. She also enjoys a glass of wine. BDO’s BUDGET TEAM SAYS: Hannah is a definite winner from this year’s Budget. The announcements in George Osborne’s Budget around increasing the personal allowance to £10,600 for 2015/16, then to £10,800 the year after and £11,000 the year after, will directly benefit Hannah providing her with more disposable income. The help-to-buy ISA will be of particular interest to Hannah when she is looking to buy her first house but not for people looking to rent. Under this scheme, the Government will pay a bonus of 25 per cent of the amount saved, so a £10,000 ISA will benefit from a top up of £2,500 providing it is used as a deposit on a house purchase. The freezing of the duty on wine, although keeping costs the same, will effectively be a cut when taking inflation into account. Hannah will also obtain some benefit from the freezing of fuel duty, which the government has estimated will save average motorists £675 by the end of 2015/6. However, as she only drives at weekends this saving will be limited. THE STARTUP FOUNDEROliver Pugh, 27Founder of snack box service EarlyBird Oliver’s business is around eight months old. It has attracted £84,000 worth of investment via the crowdfunding platform Crowdcube. The business currently predicts year one revenues of £321,949. It currently employs four people and will look to grow this over the next 12 months. Oliver lives with his girlfriend in a rented flat in London. He drinks socially, but does not smoke. His savings have all been invested in EarlyBird, and from January 2015 Oliver has taken a salary of £24,000 with no pension. BDO’s BUDGET TEAM SAYS: Oliver is another winner in this year’s Budget, as a small business owner. The small business rate consultation and abolition of employer NICs for apprentices under 25 will provide incentives to enable his business to grow. As Oliver takes a small salary from the business, he will personally benefit from the increase in the personal allowance over the next three years. He will also benefit from the £1,000 personal savings allowance, provided he continues to draw a salary which keeps him under the higher rate income tax threshold.  last_img read more