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Leadbay stops trading

Leadbay Media Group ceased trading last month and its directors have confirmed they are taking steps to place the lead generator into administration.

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FSCS declares Havant credit union in default

The Financial Services Compensation Scheme has declared the Havant Area Savers Credit Union in default. The FSCS says it will aim to pay compensation to members of the union, who have been unable to access their savings since December 31, 2010, within seven days “in the vast majority of cases”. It emerged earlier this week […]

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Calls for capital tiered tax to replace IHT

The Government should replace inheritance tax with a tiered system to increase revenues, according to the Institute for Public Policy Research. In a recent report, called Death and Taxes, the IPPR says a capital receipts tax payable on cash and non-cash gifts over £150,000 would raise an extra £1bn. IPPR director Nick Pearce says: “Inheritance […]

Former BlackRock star Graham Birch moves up at Petropavlovsk

Former BlackRock manager Graham Birch has become the senior independent non-executive director of Russian gold miner Petropavlovsk. Birch retired as head of BlackRock’s natural resources team in 2009, where he had responsibility for about $40 billion of assets.

He became a non-executive director of Petropavlovsk, formerly known as Peter Hambro Mining, in February 2010. He replaces […]

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