Gibraltar tries to lure London hedge fund bosses with promise of low taxes

Peninsula launches campaign weeks after David Cameron asks overseas territories to ‘get houses in order’ over taxGibraltar is launching a campaign to persuade hedge funds to ditch their plush Mayfair offices for the low taxes of “the Rock”.Fabian Picardo, chief minister of the British overseas territory, said multimillionaire hedge fund managers should quit London for […]
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Students turn to gambling and medical trials to fund university

Survey of 2,300 students finds 80% do not have enough money to live on, with one in five turning to gambling to find extra fundsStudents are resorting to high-risk strategies to fund the ever-increasing cost of living, according to a survey by money advice website Save the Student.In an attempt to get hold of extra […]
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Severn Trent bidders consider improved takeover offer

Consortium likely to offer about £21 a share after company’s results this week, but some investors said to want £23Severn Trent is bracing itself for an improved takeover bid worth £5bn after its swift rejection of an approach from a group of UK and international investors.The water company will report full-year figures on Thursday and […]
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How to buy and sell shares … come boom or doom

With stock markets soaring and then tumbling we explain how to minimise risk when buying and selling shares BUT Doomsayers warn of approaching bear marketGlobal stock markets recently hit levels not seen since the dotcom boom of 2000, then tumbled after a dramatic sell-off in Tokyo. What should investors do? Pick up some bargains marked […]
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The legacy of privatisation: dripping with cash | Editorial

There are good reasons to be wary of the prospect of one of the UK’s biggest water companies being owned by foreign investorsDoes it matter who supplies your water – or your gas and electricity – and where they are based? Officially, the answer is no. It has been no ever since Margaret Thatcher began […]
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Move to allow transfer of child trust fund money into Isas

Government recommends current rules be relaxed so that parents can opt to transfer the £4.8bn now held in CTFsParents who hold investments in child trust funds will be able to move the money into junior Isas to chase better returns for their children, under proposals outlined by the government.Since CTFs were phased out in 2011, […]
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Warning over final salary schemes as combined pension fund deficit grows

PPF figures reveal shortfall up £20bn to £256.6bn as DHL becomes latest firm to consult with staff on closing schemeFinal salary pension schemes could be consigned to history in just three years, experts have warned, as it emerged that the combined deficit of UK pension funds increased by £20bn in April to hit £256.6bn.A combination […]
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Hedge fund billionaire Philip Falcone agrees to two-year ban with SEC

Falcone may continue on as chief executive and chairman of his firm Harbinger Capital but can’t make investment decisionsA once high-flying hedge fund billionaire, who made a fortune betting against the housing market, has agreed to an $18m settlement with US regulators that will effectively bar him from the financial services industry.Philip Falcone and his […]
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Oxford alumni condemn choice of Shell to fund earth sciences lab

Jeremy Leggett among 100 signatories to letter opposing oil firm’s likely influence over university’s climate change studiesThe veteran environmental campaigners Jonathon Porritt and Jeremy Leggett are among 100 past and present students and staff who are accusing Oxford University of hypocrisy for accepting funding from Shell for a new earth sciences laboratory.In a letter published […]
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Homes: cash in the attic – how a fashion designer rented out her loft flat to fund her label

Low on funds after graduating, Katarina Påhlson decided to rent out her flat in Shoreditch for short periodsWhat’s a girl to do when she’s fresh out of college and keen to set up her own fashion label, but lacks the funds to do so? It’s a question Katarina Påhlson asked herself in early 2012. She’d bought her […]
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