Wire
Guardian: Vindictive billionaire's fortune finally distributed
He called it his "golden egg", and for 92 years it has been incubating quietly in a trust fund in his hometown of Saginaw, Michigan. But by the end of this month its shell will crack and out will come a fortune worth up to $110m (£67.5m), enriching people he never knew and bringing to an end the saga of one of the strangest bequests in US history
BoE: Growth revised down, inflation high till 2013
GDP growth for the first quarter of this year was estimated at 0.5 per cent, and for the whole of 2011 it is expected to be 2.7 per cent, down from the February forecast of 2.9 per cent
Art Newspaper: Sotheby's stock falls as sales fail to meet estimate
As Sotheby's prepared to hold the second part of its contemporary art evening sales tonight, the company's stock took a tumble and was downgraded from “buy” to “accumulate”
FT: HMRC aiming for billions from LDF
Revenue & Customs said it was on track to collect billions of pounds from its amnesty with Liechtenstein, after statistics showed the deal had brought in just over £140m from tax evaders so far.
Withers: Mosley case good news for press
The decision from Strasbourg will be applauded for its good sense and vital protection of free speech
Sunday Times Rich List 2011
Having seen their wealth soar 30% in 2010 to £334 billion, still recovering from 2008's low, Britain’s richest 1000 have continued to flourish
Guardian: ArtFinder brings social media to art
Of the startup pitches I've heard in the past five years, ArtFinder must be the most ambitious yet believable of them all
WBrief: Millionaire wealth to reach $202tr by 2020
The total wealth of millionaire households in 25 major world economies, consisting of 15 developed economies and 10 emerging market economies, is to grow from $92 trillion in 2011 to $202 trillion in 2020, according to a new study by the Deloitte Centre For Financial Services and Oxford Economics
RBS: Private banking profits up nearly a third
The outlook at RBS’s private banking division is substantially rosier than this time last year, with operating profits rising from £62 million in Q1 2010 to £80 million in Q1 2011
Lloyd's Wealth division hit by £1.4bn charge
Lloyd’s Wealth and International branch was hit with an impairment charge of £1.4 billion in the first quarter of this year, as the bank felt the effects of its exposure to Irish real estate and vulnerable assets in Australasia, according to its Q1 2011 report, released today
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
Is it really possible to avoid stamp duty land tax when purchasing land and property?
A
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.
Spear's Wire
