Friday, 3rd July 2009

Business from the Guernsey Press

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Island must follow Jersey and Man on tax

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GUERNSEY will have to follow Jersey in the automatic disclosure of tax information, according to a top adviser.

‘Green shoots of recovery are hampered by lack of lending’

Oliver Stones

BANKS failing to lend to each other could undermine any recovery in the economy, according to Quilter head of fixed income Oliver Stones.

More powers for FSA a good thing: GFSC

Nik van Leuven

A NEW Banking Act planned for the UK could offer benefits for the island, the Guernsey Financial Services Commission has said.

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IoM seek gain…

THE States of Guernsey is consulting the local finance industry about whether it should drop the withholding tax arrangement.

Final salary pension schemes unsustainable in the long term

IT IS of little surprise that more firms are looking to freeze their final salary pension schemes, according to Guernsey Association of Pension Providers chairman Stephen Ainsworth.

Expansion on Langham Hall’s future wish-list

AWARD-winning fund administration business Langham Hall is planning for a big future in Guernsey.

Restructuring of Opus Media a catalyst for accelerated output

FOUR new Opus titles should be released before Christmas following the successful management buyout of Kraken Sport & Media Ltd.

Legal group’s 20th year

THE new committee of the Guernsey International Legal Association is busy making plans to mark its 20th year.

‘Put contingency plans into action’

BUSINESSES should put their contingency plans into action now that swine flu has hit Guernsey, according to a disaster control expert.

Reinsurance rebuttal

GUERNSEYFINANCE chief executive Peter Niven has moved to set the record straight on the efforts being made to make the island a home for reinsurance business.