Company News

Regulations and Law

24 Dec 2013 / Regulations and Law

A Christmas present for the kids, and goodwill from Avocet directors

The Government has announced that it will allow Child Trust Funds to be transferred to Junior ISAs. The investment returns and charges on Child Trust Funds compare poorly…

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Corporate Governance

21 Dec 2013 / Corporate Governance

Whitewash at British Smaller Companies VCT

British Smaller Companies VCT has called a General Meeting to approve resolutions to rectify past accounting errors that resulted in technically illegal payments of dividends and share buy-backs…

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ShareSoc

20 Dec 2013

BAE Systems – Typhoon deal shot down, and credit extended

There was bad news from BAE Systems yesterday – issued after close of trading which is always a negative sign. Firstly the prospective deal to sell Typhoons to…

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Regulations and Law

13 Dec 2013 / Regulations and Law

B&B Finance Director fined

Christopher Willford, the Finance Director of Bradford & Bingley in 2008, has been fined £30,000 by the Financial Conduct Authority (FCA) for “failing to provide the board with…

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Insolvency and Administration

5 Dec 2013 / Insolvency and Administration

Hibu, a most peculiar EGM, and RBS

In a previous blog post on the 28th Nov I discussed Royal Bank of Scotland (RBS) and the “unacceptable face of banking”. It mentioned the case of HIBU,…

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ShareSoc

1 Dec 2013

How many corporate jets does Tesco need?

How many corporate jets does Tesco need? Four is the answer apparently. Every little helps (sic) as is their motto no doubt. The cost of these aircraft has…

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Insolvency and Administration

28 Nov 2013 / Insolvency and Administration

RBS, Hibu and the unacceptable face of banking

There have been extensive media comments lately on the activities of the Royal Bank of Scotland in lending to smaller businesses, and what they did when those businesses…

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Corporate Governance

22 Nov 2013 / Corporate Governance

Pan African Resources AGM Report – a minor victory for shareholders on buy-backs

Pan African Resources is a South African gold mining company, but they are registered in the UK and hence hold their AGMs in London. This year it was…

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ShareSoc

21 Nov 2013

Netcall AGM Report – it was not crowded!

There was no crowd at the Netcall Annual General Meeting today – indeed only me for the meeting, other than the directors and the corporate folks, which was…

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Remuneration

20 Nov 2013 / Remuneration

Directors’ Pay and Galliford Try – Apathy reigns

The pay of directors in FTSE100 companies continues to power ahead. Up 14% in the past year according to Income Data Services, based on median total remuneration.  This…

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Corporate Governance

17 Nov 2013 / Corporate Governance

Why should investors not see performance fee details at Northern VCT?

Northern Venture Trust (a VCT) introduced a management performance fee at a General Meeting on the 18th July. They did not have one before even though they had…

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ShareSoc

7 Nov 2013

Delcam succumbs to takeover offer

Software company Delcam has announced that it is recommending a cash offer of £20.75 per share from Autodesk for the company. That suggests an exit p/e of over…

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