The return of the mega deals in the logistics sector!
A review of mergers and acquisitions (M&A) activity in the logistics sector
The total value of global M&A transactions in the logistics sector saw a significant increase from £18.9 billion in 2014 to £32.8 billion in 2015, an increase of 74%. However, the volume of transactions increased by only 9% between the two years (2014; 89. 2015: 97) indicating a significant rise in the average size of transaction (Data source: Market IQ).
Moore Stephens South scoops Employer of the Year Award
On Friday 22nd April 2016, Moore Stephens South headed on down to this year's Chichester Observer and Gazette Business Awards, a black tie event that aims to celebrate business excellence across the region.
Care home insolvencies jump 18% in a year
The number of care home businesses falling into insolvency has jumped by 18%, with 47 care home operators in England and Wales becoming insolvent last year1, up from 40 in the previous year.
Budget 2016 – Lifetime ISA vs Pension
Changes to pensions tax relief and salary sacrifice were both unaffected in this year's Budget. However, the Chancellor has not given up on revolutionising pensions tax relief, and the Government has now introduced a new Lifetime ISA (LISA) to be made available to under 40s from April 2017.
HMRC loses Court of Appeal case on foreign dividend tax credits
The Court of Appeal has ruled in favour of the taxpayer, Prudential, in a case considering the treatment of foreign dividends received by UK companies prior to July 2009 (when the law changed to exempt both UK and overseas dividends in most circumstances).
Taxes on bonuses - supreme court rules Deutsche Bank and UBS must pay
Deutsche Bank and UBS must pay taxes on bonuses paid in 2004 to investment bankers following supreme court ruling.
FCA Business Plan: key plans and priorities for the regulator in 2016/17
The FCA Business Plan and Risk Outlook form the cornerstone documents for regulated firms to remain ahead of the curve for regulatory change. These documents effectively signpost the major regulatory focuses for the coming year and outline the FCA’s view on key risks, its priorities, and planned activities. We have drawn out, and summarised, the key points firms should make sure they are aware of.
Driverless cars: the future of the automotive industry
Picture the scene: you step into your car, relax into a comfortable reclining chair and set your destination. As the car whisks you away you fall asleep to the sound of smooth jazz, arriving at your journey’s end relaxed and refreshed. This is a dream shared across the globe; but is it achievable, and how soon will these autonomous cars be available?
Offshore maritime sector must be alert to new lease accounting rules
2016 has seen the release of the long awaited changes to the lease accounting standards for companies reporting under International Financial Reporting Standards (IFRS) and US GAAP. This might sound like something only accountants need to worry about, but is more far-reaching.
Privacy benchmarking - are you falling behind?
Privacy and data protection, and how this is governed by businesses within the technology sector is definitely an area that businesses should ensure they are getting right.