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January 10, 2012

Maintaining an entrepreneurial approach, integrating non-family members and planning succession are the main challenges UK mid-sized family businesses face, but a new initiative promises to unlock growth at these firms and boost the country’s economic development. 

Maintaining an entrepreneurial approach, integrating non-family members and planning succession are the main challenges UK mid-sized family businesses face, but a new initiative promises to unlock growth at these firms and boost the country’s economic development.

That’s what lobby group the Institute for Family Business told CampdenFB.

November 30, 2011

A new study by consulting firm Booz & Co says that wealth managers in Switzerland could lose as much as €41 billion as a result of a tax crackdowns by the UK and German governments.

A new study by consulting firm Booz & Co says that wealth managers in Switzerland could lose as much as €41 billion as a result of a tax crackdowns by the UK and German governments.

Based on interviews with senior wealth management experts in Switzerland, the report also said that private banks will also lose around €1 billion in revenues as clients with offshore assets start withdrawing their money.

But some reckon that the tax treaties signed with the UK and Germany will benefit the Swiss financial sector in the long run.

October 24, 2011

British medium-sized businesses have the potential to be a powerful engine of growth, injecting up to £50 billion (€57.6 billion) into the country’s economy by 2020. However, their ability to contribute to economic growth often goes unlocked as they are overlooked by government and financiers.

British medium-sized businesses have the potential to be a powerful engine of growth, injecting up to £50 billion (€57.6 billion) into the country’s economy by 2020. However, their ability to contribute to economic growth often goes unlocked as they are overlooked by government and financiers.

This is the main finding of a new report by the Confederation of British Industry, the UK’s biggest employers' organisation.

August 25, 2011

Most ultra-high net worth individuals and members of family businesses and offices are unlikely to be affected by the new tax agreement between the UK and Switzerland, which aims to tackle offshore tax evasion, despite reports to the contrary, according to a top London lawyer. 

Most ultra-high net worth individuals and members of family businesses and offices are unlikely to be affected by the new tax agreement between the UK and Switzerland, which aims to tackle offshore tax evasion, despite reports to the contrary, according to a top London lawyer.

May 20, 2011

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

With philanthropy in the UK at its lowest level since the beginning of the financial crisis, the latest survey by JP Morgan Private Bank on ultra-high net worth individuals’ charitable habits hasn’t given much to cheer about.

The survey, which questioned around 100 UK-based UHNW clients of the bank, revealed that around half of them give over 5% of their wealth to charity, while three-quarters give regularly to charitable causes.

April 1, 2011

Edward Stobart, the trucking magnate who is credited with growing his father's business into an international concern, died on 31 March aged 56.

Edward Stobart, the trucking magnate who is credited with growing his father's business into an international concern, died on 31 March aged 56.

The Stobart Group said in a statement that Edward died due to heart problems and is survived by his parents, wife and children.

Eddie Stobard Ltd was founded in the 1950s by Eddie Stobart Sr. What began as a small agri-business, grew to become a household name in UK haulage. Second-generation Edward was instrumental in expanding the UK-based group's operations to include haulage.

February 3, 2011

The UK-based Institute for Family Business has recommended that the rules governing creation of a family business trust be simplified so that families can plan their succession successfully.

The UK-based Institute for Family Business has recommended that the rules governing creation of a family business trust be simplified so that families can plan their succession successfully.

According to IFB, family businesses use trusts to ensure stable management of the business, especially when handing over control to the next generation.

September 13, 2010

Associated British Foods, the food and retail group owned by the Weston family, announced 13 September that trading for the second half had risen substantially and that it expected strong full-year results for the year ending 18 September.

Associated British Foods, the food and retail group owned by the Weston family, announced 13 September that trading for the second half had risen substantially and that it expected strong full-year results for the year ending 18 September.

September 10, 2010

A ruling by Mumbai’s high court that has landed UK-based phone operator Vodafone with a huge tax bill could have ramifications for family companies looking to build business interests in India.

A ruling by Mumbai's high court that has landed UK-based phone operator Vodafone with a huge tax bill could have ramifications for family companies looking to build business interests in India.

The high court ruled on Wednesday that the $11 billion (€8.64 billion) sale of mobile phone business Hutchison Essar, a subsidiary of the Li family's Hong-Kong-based Hutchison Whampoa conglomerate, to Vodafone in 2008, is eligible for capital gains tax in India.

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