Wire
WBrief: UBS WM profits up, client activity down
Pre-tax profits at the wealth management businesses of UBS improved in the second quarter from the first three months of the year in all regions, including the Americas, while its performance was affected by the strong Swiss franc, the Zurich-listed bank said today
GDP grows by 0.2%
The economy grew by 0.2 per cent in the last quarter, according to a report by the Office for National Statistics released today
Lombard Odier on Greek rescue package
The package contains many positive elements that will help ease the debt burden of the countries that currently have a program (Greece, Portugal, Ireland). In particular the lower interest rate and lengthened maturities for the assistance loans will considerably reduce their debt servicing obligations
Guardian: European 'Marshall plan' suggested
Stock markets and the euro rallied on Thursday after European leaders moved closer to hammering out a new rescue plan, including a "Marshall plan" to stimulate the Greek economy
Bordeaux Index: Burgundy hits £235,000
The Far East’s love of fine wine hit new heights this week following a record-breaking auction of one of the world’s rarest collections of Burgundy for £235,000
WBrief: HSBC PB ceases US offshore services
HSBC Private Bank, part of the UK- and Hong Kong-listed group, will no longer offer services to US residents outside of the country, joining a growing list of banks to pull out of this sector
Man Group review of June
Hedge funds continued to struggle in June as volatile market movements created a difficult trading environment
Scorpio: IWAs looking for active advisers
Over 65% of independent wealth advisors (IWA) are increasingly selecting discretionary fund managers that provide them with a more active role in the shaping of their investment proposition, according to independent industry insight on 40 institutions across UK, Hong Kong and Singapore markets
Exclusive: Williams de Broë CEO on buying BNP Paribas PIM
Talking exclusively to Spear's, Philip Howell, CEO of William de Broë, has said he hopes to complete the acquisition of BNP Paribas Private Investment Management 'within weeks, not months'
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Is it really possible to avoid stamp duty land tax when purchasing land and property?
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A lot has been made recently in the press about buyers of some of the UK’s most expensive homes avoiding stamp duty land tax (SDLT) by purchasing their home through a company.
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