RSSCategory: Finance & Business

BVCA launches Channel Islands Working Group

| November 21, 2014 | 0 Comments

The British Private Equity & Venture Capital Association (BVCA) is pleased to announce the formation of the Channel Islands Working Group (CIWG). The new group, chaired by Andrew Whittaker, Managing Director at Ipes, is comprised of senior professionals from the private equity and venture capital industry and will seek to enhance BVCA engagement with the […]

Continue Reading

Landmark decision in the Guernsey Employment Tribunal

Landmark decision in the Guernsey Employment Tribunal

| November 20, 2014 | 0 Comments

The Guernsey Employment Tribunal has, for the first time, chosen not to hear a claim of constructive dismissal on the grounds that the claim was vexatious. Adrian McManus, former science teacher at Elizabeth College, resigned with immediate effect on 3 March 2014 alleging that timetabling changes had breached his trust and confidence. For the first […]

Continue Reading

2014 SET TO BE PEAK YEAR FOR OFFSHORE DEALMAKING

| November 20, 2014 | 0 Comments

GUERNSEY — 19 November 2014 — Despite a dip in the value and volume of offshore deals in the third quarter of 2014, the year as a whole is on track to be among the best showings for offshore M&A in the past decade, according to a report released today by Appleby, one of the […]

Continue Reading

ARC London office spearheads expansion plans

ARC London office spearheads expansion plans

| November 18, 2014 | 0 Comments

Investment research and consulting firm Asset Risk Consultants has ambitious plans to expand the services it offers to its clients. At an event marking the opening of ARC’s office in Covent Garden, Guy Christie, newly-appointed director of the London operation, told 200 clients, advisers and investment managers that the business was pursuing further growth. “As […]

Continue Reading

Meeting of the Crown Dependency Regulators

| November 17, 2014 | 0 Comments

The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014. The meeting provides an annual forum for members of the respective Boards to meet and discuss common issues affecting the Crown Dependencies and to share their regulatory knowledge and experience. On this occasion the meeting was […]

Continue Reading

Guernsey banking deposits grow in Q3

| November 17, 2014 | 0 Comments

The value of deposits held by banks in Guernsey grew by £3.5 billion (4.5%) during the third quarter of the year. Figures from the Guernsey Financial Services Commission (GFSC) show that the value of bank deposits reached £80.9 billion at the end of September. This is still around £3 billion lower than the same time […]

Continue Reading

GLI Finance to acquire Sancus Limited for £37.75m

GLI Finance to acquire Sancus Limited for £37.75m

| November 17, 2014 | 0 Comments

Jersey-based peer-to-peer lender Sancus Limited (Sancus) has signed an agreement to be acquired by GLI Finance Limited (GLIF) for £37.75m. The deal is set to complete in mid December 2014. GLIF is Guernsey-based and listed on the Alternative Investment Market, focusing on Small and Medium Enterprises (SME) lending. GLIF currently has 15 investments in alternative […]

Continue Reading

Collas Crill advises on Jacksons CI acquisition

| November 17, 2014 | 0 Comments

Collas Crill has worked with Ravenscroft on the acquisition of the Jacksons CI group by a consortium of investors. It was recently announced that a consortium including Bailiwick Investments Limited has agreed, subject to regulatory approvals, to buy the Jacksons CI group at a price of £41.7 million. The group includes the Jacksons and Motor […]

Continue Reading

CICRA announces start of second telecoms customer satisfaction survey

| November 11, 2014 | 0 Comments

The Channel Islands Competition and Regulatory Authorities (CICRA) has announced the start of its second telecoms customer satisfaction survey to review the service offered by local telecoms operators. Feedback from CICRA’s first survey, which took place in May this year, received widespread support across the Channel Islands from both operators and consumers. As a result […]

Continue Reading

Major UK test case on holiday pay will have limited impact on Channel Islands

| November 7, 2014 | 0 Comments

A major test case in the UK, which this week ruled that overtime should be included in holiday pay will have limited impact on the Channel Islands, say two local employment law experts. Earlier this week the UK Employment Appeal Tribunal made a ground-breaking decision to allow all elements of a worker’s normal remuneration to […]

Continue Reading