Tag Archives: Business

Business

Un leader innovativo nel trading forex online Orbex annunciato una partnership strategia con l’Università LUM Jean Monnet

CYPRUS, 24-Aug-2016 — /EPR FINANCIAL NEWS/ — Orbex, un leader innovativo nel trading forex online, ha annunciato quest’oggi una partnership strategia con l’Università LUM Jean Monnet, un’università privata italiana, conosciuta in tutto il mondo e altamente stimata come centro di formazione economica. La partnership unirà l’esperienza di Orbex nelle soluzioni di trading e nell’analisi di mercato con l’approccio scientifico avanzato della LUM nello sviluppo economico.

Questa partnership risponde alla domanda nel settore di professionisti di alto calibro in materia di trading e soluzioni di investimento multi-target di prossima generazione, qualità che possono essere sviluppate solo tramite progetti di ricerca collaborativa.

L’iniziativa di Orbex è una risposta olistica alle sfide che il settore pone. Orbex espanderà il programma formativo del Master in Analisi finanziaria e di borsa e contribuirà con la sua conoscenza pratica dei mercati internazionali. Gli specialisti di Orbex hanno preparato un programma speciale per gli studenti del Master, che prevede anche seminari teorici e pratici e webinar. Inoltre, gli studenti avranno libero accesso a tutto il materiale formativo della società, trasformando così il centro formativo Orbex in un polo di innovazione e scambio di idee.

La comunità di trading, a sua volta, avrà l’opportunità unica di attingere direttamente dalle conoscenze degli studi scientifici più recenti e di imparare dai più autorevoli docenti di economia.

Kira Vessiari, Content Manager di Orbex, è convinta che “Orbex sta compiendo un passo significativo nel realizzare la propria visione di diventare la destinazione online preferita per una formazione nel trading di qualità. Questa partnership con l’Università LUM ha il potenziale di dare vita a nuovi approcci verso il trading e siamo entusiasti delle nuove opportunità che questa collaborazione offrirà a Orbex per avanzare progressivamente.”

Edoardo Ciampelletti, Desk italiano di Orbex, ha dichiarato: “Abbiamo osato unire quella che è sempre stata vista come una sfera strettamente accademica con una sfera giudicata puramente pratica e tecnologica. Credo proprio che grazie a questa collaborazione possiamo dare vita a una vera e propria rivoluzione nella formazione del trading.”

Professor Adriano Carenza, Università LUM: “Il Master mira a formare professionisti che possono offrire supporto a istituti finanziari, in prevalenza banche, SGR, SIM e SICAV, nel processare e monitorare piani operativi finanziari e strategici, così come sistemi di organizzazione e riconoscimento dei rischi degli strumenti finanziari. Orbex ha voluto riconoscere la qualità e la visione di questo progetto formativo firmando una partnership con la Scuola di Management della LUM, che attraverso lezioni, webinar, seminari ed esercizi, si pone come obiettivo uno sviluppo sostenibile del mercato globale dei servizi di trading online e di creare un nuovo tipo di operatore finanziario. Completando il corso, i nuovi professionisti avranno acquisito capacità versatili nel settore della finanza pura.”

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SOURCE:  EuropaWire

Another £400m Into RBS’ PPI Compensation Fund, Says Missoldppiclaims.info

The Royal Bank of Scotland has earmarked an additional £400m to cover the cost of compensation and refunds relating to mis-sold payment protection insurance (PPI), says leading PPI Claims Company Missoldppiclaims.info.

The nationalised bank has released figures for the last quarter showing a pre-tax loss of£1.26bn, a proportion of which is due to the allocation of a further £400m to its PPIcompensation fund. In a move echoed around the banking industry in recent months, RBS now has increased its total PPI allocation to now stand at £1.7bn. However, it is unlikely to be the end of the compensation claims for the beleaguered bank.

Its recent computer problems resulted in significant numbers of RBS, Natwest and Ulster Bank customers being locked out of their accounts for days, a mistake which has cost£175million so far with a further £50m of compensation put aside.

RBS is also part of an investigation by regulators in the UK, US and Asia – including the fraud division of the US justice department – over the part it played in the manipulation of the LIBOR inter-bank lending rate. With settlement negotiations imminent, the fines that could potentially be applied RBS believe could have a “material” impact on the company.

Despite the problems, RBS showed operating profits for the third quarter increased from£650m to £1bn, while bad debt fell by £159m and staff costs were 5% lower due to a 7% reduction in staff.

Stephen Hester, chief executive of RBS, said: “The extraordinary challenges which RBS faced following the financial crisis are being worked through successfully. The five year restructuring plan is now in its later stages with important work still to do, including an emphasis on dealing with reputational issues now that the bank’s safety and soundness has advanced so well.”

A spokesperson for leading PPI Claims Management Company, Missoldppiclaims.info said: “It’s good to see RBS recognising its responsibilities towards customers that were mis-sold PPI policies, in particular the responsibility to put customers first and treat them fairly. This can be seen in its decision to increase lending to its business customers even though there was a downturn in loan applications, but it would be good to see a similar helpful response to borrowing for its non-business customers with personal loans and residential mortgages.

The reputational issues Mr Hester refers to are likely to be industry criticisms that RBS customers play second fiddle to the short-term interests of shareholders and staff. As a result, RBS has relaxed its lending position towards its small and medium (SMEs)businesses, which has led to a an increase of new lending by 3% since the second quarter despite a 25% drop in SME loan applications due to the Olympics and doubts over the stability of the UK economy.

Analyst Richard Hunter, head of equities at Hargreaves Lansdown, said: “There is no doubting the immensity of the task RBS has faced in executing its turnaround plan, nor indeed the progress made so far.”

Via EPR Network
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EquityRelease.net Publishes New Beginners Guide Factsheet For Equity Release Mortgages

The equity release resource website EquityRelease.net is pleased to announce that they have added The Essential Equity Release Factsheet to the website to provide UK residents with a concise and easy-to-read introduction to equity release schemes in the UK. EquityRelease.net is an independent equity release information resource website that provides a detailed information resource of equity release as well as free equity release advice and quotes.

Many older UK residents look forward to retirement as a time when they can engage in hobbies and activities that were not possible when they worked. Unfortunately, there is growing concern over whether people’s pension and retirement savings are enough to maintain their standard of living and spend their time as they please. As many retiring homeowners look into equity release as a means to provide the income they desire in retirement, the information website EquityRelease.net hopes to answer their basic questions with the addition of “The Essential Equity Release Factsheet” to the website.

“Our goal as always is to help older UK residents understand how equity release in their homes actually works, and the new infographic reduces our voluminous information contained on the website to its most basic terms, primarily using graphics to explain how equity release works,” said an EquityRelease.net representative.

As an introduction to equity release, the fact sheet begins by explaining the basic nature of home equity release. The equity of a home is the current value on the open market minus the debts held against it. Equity release allows the homeowner to obtain cash for this value without having to move out of their home. Equity release is for individuals over the age 55 who own property valued at around £70,000 or more, and most schemes also stipulate a minimum and maximum amount that can be released.

A common question answered by the fact sheet is who can take advantage of equity release. The new infographic shows the general profile of people that routinely take advantage of equity release as well as the eligibility requirements that they must meet to qualify. Many people have a fear of losing their home with equity release schemes so the fact sheet explains the limited risk of losing a home and how it can be avoided.

When it comes to the basics of releasing equity, readers will learn about its two forms, which include lifetime mortgages and home reversion plans, which are both approved and regulated by the Financial Services Authority (FSA). While the Essential Fact Sheet infographic is meant to be an introduction to equity release, readers can find far more detailed information on the website about all aspects of equity release. Website visitors can also take advantage of free advice and a quote provided by one of their specialists. For more information, please visit http://www.equityrelease.net/

Via EPR Network
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Lyon Equipment’s New Supply Chain Solution Will Eliminate Paper Job Cards And Move Document Management Online

Outdoor pursuits and training specialists Lyon Equipment is future-proofing its organisation with a new ERP solution from Access which will automate many manual processes, increase efficiency, and move document management online. The 40 user Access Supply Chain solution is part of a modernisation process Lyon is going through which includes a £3.5 million investment in a new building.

Access’ manufacturing and supply chain offering will revamp Lyon’s returns and manufacturing processes, and support the company as it continues to grow over the next ten years. Rick Cockayne, IT project manager at Lyon, said, “Our business is growing and Access Supply Chain offered us the flexibility to support our planned growth. We were also very impressed with the integrated document management system.”

With two arms to the business; distribution & wholesale, and training courses, as well as some manufacturing there are a lot of paper-based processes in place. “We’re going to be putting everything online from equipment specs and training details to sales invoices and purchase orders. Our manufacturing job cards are currently hand written, and not easily tracked. We’ll be using Access to generate job cards directly from sales orders and track them through to completion. We will therefore be able to easily report on them on a continual basis with no additional effort.” continued Rick.

The new solution will also allow Lyon to modernise its returns system, saving a lot of time and effort. “We currently have a separate returns data base which means there is additional work re-keying information into our current accounts software. With Access Supply Chain we’ll use workflow forms to create a tailored returns system to our design. This will mean we can easily process the return all the way through to credit or replacement all on the one system, removing the additional work and reducing the chances of keying in errors. This will greatly improve the efficiency and simplify the reporting of our returns processing.” said Rick.

“We liked the look and feel of Access Supply Chain from the start, and theflexibility of the product was also a huge plus point. It’s easy-to-use and has more in it than a lot of the other solutions we looked at. It also filled us with confidence to work with the UK author of the product who we felt were willing to look after our needs from the moment we engaged with them,” Rick concluded.

Via EPR Network
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APT Publish New Whitepaper on Risk Management

The technology firm APT have just published a new whitepaper. The paper discusses the issues associated with analysing risk in multi-asset class investments.

APT work to offer risk management solutions to investors, and have much experience behind them in doing so. They work with many different groups involved in investment, such as private wealth managers, hedge fund managers, brokers and others. They provide them with the kind of quality, evidence-based risk management they need. It is against this background that APT publishes this whitepaper, which looks at how investors working across multiple asset classes can best mitigate their risks. The paper is called ‘Building a Multi-Asset Class Model: the Commodities Example – Correlation is the Key’.

APT’s solution to the specific risks involved in multi-asset class investments is scenario-based risk management. Such products can help investors by offering them a solution based on thorough research, which responds clearly to events, and is flexible, to meet changing needs. APT recognise that markets will always undergo shocks and dislocations, and that this means that good risk management is important. Analysis of how and why these shocks happen helps to contribute to this risk management. This is APT’s approach: real research that looks at real research to help investors manage risks well. When looking at mulit-asset class investment, risk management needs to look at how the different asset classes may correlate, and also how to recognise that the management of risk is only really effective if separated from the attribution of risk.

Via EPR Network
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Pensioners Suffering As The Money Runs Out, Says Debt Solutions Company Trust Deed Scotland

A new report reveals that pensioners across the UK are being left penniless as their money disappears every week in a whirlwind of bills, says Debt Solutions Company, Trust Deed Scotland.

An income of £207.15 per week is typical for most pensioned couples, but a report by Standard Life shows it goes straight back out the door as £207.24 is spent on food, fuel, housing and transport.

The report highlights rising inflation as the reason why the average pensioner has difficulties making ends and are being hit hard – many are having issues even affording a new pair of shoes, a holiday or a present for a grandchild.

While the Consumer Price Index remained the same in September at 4.5%, the Retail Price Index was hovering at 5.2% and threatening to rise again. Pensioner have a fixed income that doesn’t change from month to month, and that combined with inflation and large energy rises from utilities companies means turn some have turned towards credit cards to make ends meet.

A spokesperson for Scottish Debt Solutions Company, Trust Deed Scotland, said:
“According to Age UK, British pensioners are the fourth poorest in Europe, with the worst off set to lose up to 22% of their household income because of cuts to local authority services and changes to the tax and benefits system. This report highlights the dire position our parents and grandparents are in. At a time when they should be relaxing after a lifetime of working, they are pinching pennies and worrying about what the future will hold for them.”

The day before Standard Life published its report, the Institute of Fiscal Studies issued a warning about how ‘real’ inflation was hitting pensioners much harder than younger age groups.

“The Insolvency Service reported the fastest rising group of people claiming insolvency is pensioners,” said the spokesperson. “They are six times more likely to go bankrupt or take out a debt solution such as a Scottish Trust Deed or Debt Arrangement Schemethan they were just a decade ago. The number of people entering retirement with unpaid debts has increased, and when combined with increased life expectancy, the recession and limited options to increase income when you retire, it adds up to a lot of older people in real trouble”.

According to the Consumer Credit Counseling Service the average unsecured debt of newly retired pensioners is £21,370 and few have any savings at all. Once all the bills have been covered, there’s just £85 left at the end of the month.

“There are numerous reasons why pensioners are entering retirement in debt,” said the spokesperson. “Previous good house values led to many people remortgaging for home improvements or to loan to children or grand children for house deposits. There’s also the issue of divorce, where one partner will often buy the other out of their share of the property by extending their mortgage. And then some people are marrying and having families much later in life or having second families in their fifties.”

“For many life as a retiree in today’s world is just as expensive as it was when they were working, but now they have less income to live on.”

Via EPR Network
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MidCountry Financial Hires Chief Accounting Officer – Adds Additional Planning, Compliance, And Industry Experience To Seasoned Executive Team

MidCountry Financial Corp. (MCFC) is pleased to announce that Darren Cantlay has joined the executive team as Vice President of Accounting and Finance, and Chief Accounting Officer. In this newly-created position, Cantlay will manage all financial reporting, budgeting, financial systems, and tax functions for MCFC, among other things, and will also assist with strategic planning and overall financial management for the organization. Cantlay begins his new role Sept. 1, 2010.

“We’re extremely excited to have Darren join the MidCountry Financial family,” said David Hall, chief financial officer for MCFC. “He brings a diverse and extensive set of financial skills to the company, and he will be a valuable asset as we continue to grow and expand our organization.”

Cantlay has more than 15 years of experience handling a variety of accounting, compliance, planning, and operational issues for a variety of financial institutions, including McIntosh Bancshares, the Bank of Ellijay, Appalachian Bancshares, and United Bank Corporation. He has previously held the positions of chief financial officer, chief operating officer, controller, and accountant.

A graduate of Valdosta State University, Cantlay has been an adjunct faculty member at Griffin Technical Institute, where he taught both accounting and tax courses. He is a member of the Georgia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the Institute of Management Accountants, the Georgia Bankers Association Asset Liability Committee, and was Secretary of the Gilmore County Rotary Club from 2008-2009.

Via EPR Network
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Insure4USA.com Goes Social With Twitter for Expands Social Outreach

Insure4USA.com, a leading independent online insurance service has adopted social networking site, Twitter, to keep in close contact with its growing list of followers. According to Alex, CEO of Insure4USA.com, the insurance industry thrives on information and communication. Moreover, the industry is best suited to leverage social networking to the fullest. A huge workforce, a client base of various ages, and the constant need to liaise with various partners such as doctors, claims adjusters, and regulators, to name a few, can be best met through social networking.

Alex says, “People have changed the way they access information online and seek quicker and more personal attention when they look for affordable insurance. There is a variety of information to share with our customers concerning changes in insurance rules, policy updates, quotes, and much more. In this respect we found Twitter to be a powerful tool that reaches not only peoples computers, but their cell phones as well.”

No longer does the industry need to take a conservative approach to new technologies and business practices. Social networking is all about sharing information, and when it comes to an important issue like life, health, or even auto insurance, Insure4USA.com feels it must go the full distance to enhance internal communication. The website now whole-heartedly embraces social networking and plans to expand its horizons to other sites as well.

Via EPR Network
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Finding Cheap Life Insurance Easier Than You Think

To those who have wondered whether or not a cheap life insurance policy exists today, a newly published article on InsuranceAgents.com answers with an emphatic “yes.”

Finding Cheap Life Insurance Easier Than You Think

“Cheap life insurance does exist and its target market are people under 30, that are starting a family,” the articles, ‘Cheap Life Insurance’ states. “Most times cheap life insurance is term life insurance.”

Term life insurance is a policy that has an expiration date. After the term is over, the coverage ceases, as well, unless the policyholder passes on during the term. It’s typically the cheapest life policy to buy. More expensive (but more comprehensive) is a whole life insurance policy—these policies aren’t cheap unless you invest in them very young.

Life insurance can be the line between a financially-broken grieving family and a family that can focus on the death of a loved one because they don’t have to worry about income.

“The death of a loved one is tough enough; combine that with financial devastation and the situation just got worse,” the article states. “A life insurance policy takes care of those you love, should the unthinkable occur.”

The funds from a life insurance policy can be used for any number of things the beneficiary(s) may need to pay for like funeral costs, any mortgage or debts left behind, sending the children to college, and even allowing the family time to grieve before returning to work.

A great way to find cheap life insurance rates is to search online for quotes. You can obtain several life insurance quotes and policies, allowing you the opportunity to compare coverage, rates and insurance providers.

Via EPR Network
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Apex Signs up to Tracesmart’s Online Debtor Tracing Facility

Tracesmart Corporate has been appointed by Apex Credit Management to provide their proprietary data cleansing and online tracing services. The intuitive web based tracing system offers a single source solution, which permits the rapid and confident tracing of gone aways and absconded debtors. The facility will provide Apex with the means to conduct their tracing activities, both efficiently and ethically.

Apex Credit Management is a rapidly growing credit management provider. Headquartered in Stratford-Upon-Avon, the business is focused exclusively upon providing debt management services to the financial services sector; notably early arrears outsourcing, debt collection, debt purchase and tracing services. The company was established in 2000 as a specialist UK based consumer debt collection agency.

Apex recently created a new division, Apex Discovery Solutions, which provides dedicated tracing solutions to the financial services sector. Based in West Malling, Kent, the new enterprise boasts a large team of tracers to fulfil the recent uptake in demand from this sector. Head of Trace is Jamie McGrath, who with over twenty years of experience in the debt recovery and debt purchase sectors has extensive knowledge of tracing and compliance. Commenting on the company’s new partnership with Tracesmart, McGrath remarked, “Forging an alliance with Tracesmart enables us to broaden our data cleansing and tracing services across our client base, which will assist us in our goal of becoming a data led, ethical and compliant trace provider.”

Tracesmart is one of the UK’s leading data specialists, providing debtor tracing and consumer data services to a vast number of the country’s credit management companies. In addition to people tracing, the company also offer identity checks and anti-money laundering services to a varying and growing legion of businesses and industries.

Commenting on the new partnership, Chris Rothwell, Tracesmart’s Sales Director remarked, “We are delighted that Jamie and his recently established Apex division have chosen Tracesmart for their tracing and data solutions. Our debtor tracing facility is industry leading; we are confident we can provide increased productivity and efficiencies to any credit management organisation. We look forward to providing a first-rate and cost-effective service to our new partner, Apex.”

Via EPR Network
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Identity Checks Supplier Continues To Expand

Leading suppliers of identity checks and anti-money laundering services, Tracesmart, are to expand their workforce which will help manage the increasing demand for their services. The expansion will specifically involve the administration, sales and IT teams.

Identity Checks Supplier Continues To Expand

Tracesmart is currently active in a number of industries however the key B2B markets in which it operates include pensions and debt collection. Both these sectors use the company’s data cleansing and consumer location services to trace people in order to re-establish contact. The pensions industry further utilises Tracesmart’s Existence suite of services which can be used to identify scheme members who have relocated or are deceased, this helps pension schemes better manage their member payments, and protect themselves and their members against fraud.

Demand for Tracesmart Corporate services has already prompted the company to recruit seven new members of staff over recent months. They now plan to recruit a further eight to strengthen their numbers and continue their expansion within their core and new commercial arenas. Tracesmart’s employee levels will soon total sixty, and the company headquarters still has capacity for further growth as their Business Support Manager, Rebecca Westlake, commented,

“We recently completed the refurbishment of our newly expanded Cardiff head office. In line with our expansion plans, the improvements have allowed us to develop and deploy individual teams efficiently and effectively to optimise our work environment.”

With close ties to both his front line staff and the company’s major clients, Tracesmart’s Managing Director, Mike Trezise, is fully aware of how and when the company will continue to expand. Commenting on his company’s development Trezise stated,

“We continue to reap the rewards of our ongoing marketing and sales campaigns within our core sectors. Demand has further led us to increase our staff to meet current and new client needs. We will continue to ensure our clients receive the best possible service and I’m confident that we’ll experience sustained growth in 2010.”

About Tracesmart:
Established in 1999, Tracesmart Ltd is a leading provider of consumer intelligence services. It specialises in the provision of data cleansing, consumer tracing and identity verification.

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Education Loan Source Announce Partnership with the Delaware Credit Union League

Education Loan Source, Inc. (ELS) a leading provider of education financial solutions is proud to announce its partnership with the Delaware Credit Union League to provide education loan programs to their member credit unions.

“The Delaware Credit Union League is excited to recommend Education Loan Source programs to our member credit unions for student loan services,” says Jane Bailey, Executive Vice President of the Delaware Credit Union League. “Credit Unions are taking a larger role in helping students and their families obtain the financing they need to attend college. The Delaware Credit Union League is looking forward to offering our member credit unions student loan solutions that can be customized while meeting each individual credit union’s goals.”

Education Loan Source® is committed to offering private education loan options and other financing alternatives uniquely designed for its clients. The Custom Loan SourceSM Program allows credit unions to develop their own customized student loan offering without the need for additional staff or resources and is completely supported by ELS and its affiliates. “This program offers credit unions a great way to provide a student loan product to their existing members, while attracting new members at the same time,” said Tracy Sniscak, Senior Vice President of Business Development. “Credit unions are stepping in to help finance education at a time when traditional lenders are backing away due to the current financial markets. I’m excited for the opportunity to work with the Delaware Credit Union League and their member credit unions to help them better understand the student loan industry and provide student loan solutions to their members.”

“We are extremely pleased that Delaware Credit Union League has recognized ELS as a business partner and recommends our services to their credit union members,” stated Douglas Feist, Chief Executive Officer of Education Loan Source, Inc. “ELS currently serves many clients in multiple states providing education financial solutions and is looking forward to working with the Delaware Credit Union League.”

For more information on the Custom Loan SourceSM Program, go to (www.educationloansource.com) or call Tracy Sniscak at (717) 385-3483.

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New Micro-Lending Program To Help People Establish Businesses

Mexicans and Americans Thinking Together (MATT) and ACCION-Texas, a national micro-lending organization, have jointly created the MATT Micro-lending Assistance Program (MMAP) designed to help individuals establish their new small enterprise.

“The beauty of this program is that we not only provide them with financial assistance but with technical support as well to help ensure their success” says Janie Barrera, President & CEO, ACCION Texas-Louisiana.

The MMAP program depends on the generosity and financial support from businesses and donors to succeed. MATT, a non-for-profit headquartered in San Antonio, Texas, has committed to securing financial supporters to ensure the continuation and success of the program. “Our goal is to assist people help themselves. We have many talented people who need some support and direction to succeed in life. That is what we are committed to do, in association with ACCION-Texas,” comments Aracely Garcia-Granados, executive director of MATT, who helped devise this initiative after she learned that ACCION-Texas is a non-profit and needs 3 million a year in order to serve its constituencies.

MATT will identify and secure businesses to support ACCION-Texas. However, MATT’s contribution comes with a twist. “We are going after Mexican-owned companies so that they give back to the community that has helped them succeed,” confirms Garcia-Granados. “We need to cultivate a sense of philanthropy among Latinos and this is one small way to do it.”

MMAP-San Antonio is possible due to the generosity of Anne-Marie Grube, owner of La Tradicional Tortilleria. As a successful small business owner, Anne-Marie jumped at the opportunity to help others realize their dream. She knows how hard yet liberating it is to be an independent entrepreneur and when approached by MATT and ACCION-Texas, she agreed to be the first to help establish the MATT Micro-lending Assistance Program in San Antonio. “There are many talented people in our communities, especially among Latinos, who just need a little counseling and financial support to make the American dream come true. I am glad to have had this opportunity to partner with MATT and ACCION-Texas. I cannot think of a better cause and a more needed program.”

It is MATT’s goal to work with its national network of supporters to identify communities where MMAP is most likely to succeed. “At this point, we want to get the information out there to create interest among potential donors but we are also going to aggressively promote this program and get supporters. There is a lot of need out there and we are committed to make this program work for those who will most benefit,” concluded Garcia-Granados.

Mexicans and Americans Thinking Together (MATT) is a San Antonio-based, bi-national, non-profit organization. MATT’s mission is to bridge the gaps of understanding between Mexicans and Americans.

Via EPR Network
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How To Lower Your Insurance Premiums During the Recession

During a recession, such as we are currently experiencing, it is essential that all businesses should reduce their expenditure wherever possible. It is a simple fact to understand that when income falls, expenditure must also be reduced in order to balance the books. When businesses have completed their cost-cutting exercises in the obvious areas, such as payroll and suppliers, they look to make savings in the peripheral areas of expenditure- such as insurance.

All businesses are required to hold insurance cover to a greater or lesser extent, be it material damage, goods in transit or the legally unavoidable road risk cover and employers liability insurance. Staveley Head, one of the UK’s leading motor trade insurance providers, has some important advice for those looking to reduce their insurance premiums. A spokesman said “Many people will opt for policies which are cheaper because the additional benefits such as windscreen cover or a courtesy vehicle in the event of an accident have been excluded from the policy. This can prove a false economy as the reduction in premium will only be marginal, and those benefits can prove very worthwhile if and when needed. It is far more effective to look at areas we tend to take for granted. Many policyholders request any driver cover because once in a blue moon, due to illness or holidays perhaps, someone else will be required to drive their vehicle. This is a very costly way of covering that eventuality. It is far cheaper to name on the policy the drivers you think you may need, and even cheaper again if it is your spouse or partner.”

The Staveley Head representative went on to say “It is also worthwhile considering an additional voluntary excess on the policy, certainly for careful and claim-free drivers. If you divide the amount of the voluntary excess by the number of years since your last claim and compare that to the annual saving in premium it should give you an indication of the overall economy of increasing your excess. Keeping your vehicle overnight in a garage or secure compound or driveway will also reduce your premium. A low annual mileage will also produce a lower premium. The annual average is between ten and twelve thousand miles, but if you only cover five thousand miles a year tell your insurer. Less miles means less risk for your insurer and consequently less premium. There is a number of ways that premiums can be reduced without losing any benefit in cover, and Staveley Head will be delighted to assist and advise anyone if they contact us on our website at www.staveleyhead.co.uk or telephone us on 0845 017 9991.”

Via EPR Network
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Commonwealth Capital Advisors Joins More Than 650 Organizations In The United States To Educate And Inspire The Next Generation Of Entrepreneurs Nov. 16 – 22

This November, young people around the globe will get together to change the world. To celebrate the vital role entrepreneurs play in innovation, job creation and economic recovery, Commonwealth Capital Advisors is participating in Global Entrepreneurship Week on Nov. 16 – 22, 2009 to inspire, connect, mentor and engage young people.

Commonwealth Capital Advisors, an 11 year old American investment banking advisory firm serving entrepreneurs worldwide, will give away 1 million e-books explaining to aspiring entrepreneurs how to raise enough capital to start a business. It is the only resource available online that shows Entrepreneurs the whole process so they can successfully get the capital they need without wasting time or money where others fail.

Co-founded in 2008 by the Ewing Marion Kauffman Foundation in the United States and Make Your Mark, a business-led government-backed campaign in the United Kingdom, Global Entrepreneurship Week will connect young people through local, national and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and others will participate in a host of activities that include virtual and face-to-face events, large-scale competitions and intimate networking gatherings.

In 2009, the Week is estimated to exceed the 3 million people and 8,800 organizations around the globe that participated in the inaugural Global Entrepreneurship Week in 2008. Already, more than 650 organizations in more than 80 countries have signed up.

“Our primary purpose is to increase every entrepreneur’s probability of raising substantial amounts of capital to the highest degree possible at a mere fraction of the traditional cost without giving up any permanent equity or management control.” Timothy D. Hogan, Chairman & CEO, Commonwealth Capital Advisors.

“The world knows that entrepreneurship is the key to economic recovery, and the next generation of innovators holds that key,” said Carl Schramm, president and CEO of the Kauffman Foundation. “Now more than ever, we need to unleash the creativity and ingenuity of our youth by engaging them in the endless possibilities of entrepreneurship.”

Details

You can get started by reading the abridged version of the e-book “The Secrets of Wall Street – Raising Capital for Start-Up and Early Stage Companies” the most comprehensive guide to the world of raising capital. To download your personal copy, visit www.CommonwealthCapital.com and enter promotional code gew.

CCA has become the advocate for the entrepreneur by specializing in assisting start-up and early-stage companies raise seed, development and expansion capital through the issuance of securities. They have taken one of the most complex, arduous and expensive processes and reduced it to a simple, easy and inexpensive system. The amounts can range from $100,000 to $50 million for operating companies and up to $500 million for REITs, Film Production Companies, Oil & Gas projects or other Investment Funds. CCA has invested hundreds of thousands of dollars in the legal, accounting and investment banking work product, just to license it to its users and to enable them to have a shot at their dream.

About Global Entrepreneurship Week
With the goal to inspire young people to embrace innovation, imagination and creativity, Global Entrepreneurship Week will encourage youth to think big, turn their ideas into reality, and make their mark. From Nov. 16-22, 2009, millions of young people around the world will join a growing movement to generate new ideas and seek better ways of doing things. Tens of thousands of activities are being planned in dozens of countries. Global Entrepreneurship Week is founded by the Ewing Marion Kauffman Foundation and the Make Your Mark campaign. For more information, visit www.unleashingideas.org, and follow @unleashingideas on Twitter.

Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people’s eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. It also works to prepare students to be innovators, entrepreneurs and skilled workers in the 21st century economy through initiatives designed to improve learning in math, engineering, science and technology. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets. For more information, visit www.kauffman.org, and follow @kauffmanfdn on Twitter.

Make Your Mark
Make Your Mark is the campaign to give young people in the UK the confidence, skills and ambition to be enterprising – to have ideas and make them happen. Run by Enterprise Insight, which was founded by the four leading UK business membership organisations – the British Chambers of Commerce, the CBI, the Federation of Small Businesses and the Institute of Directors. Their Director-Generals sit on our board, which is chaired by entrepreneur Peter Jones, from BBC’s Dragon’s Den. It is supported by the Department for Business, Innovation and Skills and endorsed by the Prime Minister, Gordon Brown.

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Health Initiatives Gaining Momentum With UK Firms, Report Says

PruHealth, private medical insurer, has revealed as part of its new Workplace Health Report into the impact of health and wellbeing measures and culture in the workplace, that 89% of larger firms in the UK and 33% of SMEs offer health incentives for their employees.

Senior executives (75% of larger firms and 55% of SMEs) believe fostering a healthy lifestyle in the workplace is part of their role as a responsible employer. Furthermore, 83% of employees stated that an employer’s attitudes to health and wellbeing are an important factor when looking for a new role, which means providing a health and wellbeing programme has never been more important to help attract and retain quality.

Firms also believe health initiatives can help increase staff morale, improve productivity and reduce absenteeism as a ‘halo’ effect of a healthier workforce. Additionally benefits of encouraging a healthy culture in the workplace are also evident, with 51% of larger firms and 38% of SMEs experiencing a drop in absenteeism since introducing wellbeing initiatives.

With sickness and absence costing UK plc £20 billion a year larger firms with over 250 employees are actively encouraging a healthier and happier workforce as part of their responsibility as employers. As well as introducing initiatives, 81% of senior management are leading by example and engaging in healthy behaviour in the workplace, like sponsoring employees’ charity fun runs (55%), taking part in exercise classes and sports teams at work (49%) or eating healthily in the office (35%).

With economies of scale proving a barrier for some companies, only 33% of SMEs offer health initiatives to staff. However, 47% of SME senior executives said they are setting a good example through healthy behavior and taking part in exercise classes and sports teams at work.

PruHealth’s Vitality incentive programme enables smaller companies to provide a full ‘blue-chip’ range of healthy activities for employees as part of their corporate private health insurance, enabling companies of all sizes to benefit from a healthier workforce.”

About PruHealth
PruHealth was launched in October 2004 as a joint venture between Prudential and Discovery Holdings from South Africa to provide private health insurance. Since launch, PruHealth has grown quickly. PruHealth medical insurance now covers over 190,000 lives and in a sample of its individual customers, one third said they had changed their behaviour for the better because of its Vitality reward scheme which encourages policyholders to look after their health.

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Saxo Bank, The Online Specialist In Trading And Investment, Maintains Profitability In First Half Of 2009

Saxo Bank, the online specialist in trading and investment, has reported its half year results showing that clients’ collateral deposits and assets under management in total exceeded DKK 25 billion and, in a very difficult year, profit before tax reached DKK 55 million.

Saxo Bank, The Online Specialist In Trading And Investment, Maintains Profitability In First Half Of 2009

Operating costs increased primarily due to new office openings, product launches, as well as contributions to the Danish State Guarantee Scheme and with unchanged income, profit before tax declined from the same period in 2008.

– Pre-tax profits of DKK 55 million (DKK 162 million).
– Operating income of DKK 969 million (DKK 969 million).
– EBITDA of DKK 128 million (DKK 221 million).
– Clients’ collateral deposits increased to more than DKK 11 billion (DKK 8 billion).
– Assets under management in the Asset Management department exceeded DKK 14 billion (DKK 0).
– The solvency ratio for Saxo Bank Group was 18.9% (10.1%).

In a joint statement, Saxo Bank co-CEOs and co-founders, Kim Fournais and Lars Seier Christensen, commented: “We did expect 2009 to be a difficult year. However, the results reassure us that we took the right decision when we chose to steer the Bank into a new phase based on a more flexible structure before the financial crisis took hold. We also find it encouraging that the Bank managed to strengthen and optimise its entire value chain, product offering and geographical footprint during what were six very challenging months for the financial markets as a whole. And, equally importantly is of course, that our new Asset Management department got off to a good start with DKK 14 billion in assets under management, a number that since has grown to DKK 16 billion”.

During the first half of 2009, Saxo Bank introduced a number of enhancements to its award-winning online trading platform, the most significant of which were related to Commodity CFD’s and FX options. In addition to a broader product offering, the Bank widened its geographical footprint and established its presence in Milan, Madrid and Prague, and acquired two Dutch broker houses and a Tokyo-based provider of FX services. In May, Saxo Bank became the first Danish bank to receive regulatory approval to operate a regional office in the Dubai International Financial Centre.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling Forex Trading for clients, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online trading platforms.

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St Peter Port Capital Limited, An AIM Listed Investment Company Announces Its Preliminary Results For Its Second Year Of Investment

St Peter Port Capital Limited (the “Company” or “St Peter Port”), the AIM listed investment company whose aim is to generate value by investing predominantly in growth companies shortly before an initial public offering (“IPO”) or other exit event, announces its preliminary results for its second year of investment..

St Peter Port Capital Limited

Highlights

• 36 investee companies at year end

• realised to date, £22.5m in cash f r o m investee companies, generating a gain on investment of 39%

• following the year end, a further £5.67m invested in five companies, two of which are new to the portfolio

• NAV of 105.6p per share, up 3.1% over the year

• profit of £877,000 (2008: £3.69m), eps of 1.2p (2008: 4.9p)

Bob Morton, Chairman of St Peter Port, said:
“I am pleased to report that the Company has weathered the storm and maintained the net a s s e t value of the portfolio. We believe that many of the companies within the portfolio have considerable upside potential in a portfolio of high risk/high reward companies.”

Tim Childs, Chief Executive of St Peter Port Investment Management Limited, said:
“As at the 14 July 2009, we had £16.6m to invest in new opportunities and follow-on investments. Competition is limited and we are therefore being offered these on attractive terms.”

St Peter Port Capital Limited floated on AIM on 16 April 2007, raising £75m in new equity. The Company is a Guernsey registered closed-ended investment company. The Company’s objective is to achieve returns f r o m the uplift on or shortly after IPO, but the exit f r o m the investment could also be a trade sale. The universe for investment is principally companies across a broad range of sectors and geography expecting to conduct an IPO or achieve a trade sale or other liquidity event in the months after the Company’s investment. However, in current conditions, it may also include companies which are already public whose value is not properly recognised by stock markets. The initial focus is on companies targeting UK, US and Commonwealth stock markets although pre-IPO companies looking to float on other exchanges will also be considered. The Company appointed St Peter Port Investment Management Limited, a joint venture between Broughton Investments Group Limited (“Broughton”), a company in which Tim Childs is interested, and Shore Capital Limited (“Shore Capital”), the absolute return fund management specialist which currently manages approximately £1.4 billion, to act as its investment manager (“the Investment Manager”).

Learn more about Shore Capital :
Google: Shore Capital share price info –
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FT: Shore Capital Profile –
Puma Hotels:Shore Capital

Chairman’s Statement

Introduction

Although our second year of investment was a year of unprecedented difficulty for financial markets around the world, I am pleased to report that the Company has weathered this storm well. It has maintained the net a s s e t value of its portfolio which includes a number of companies with considerable upside potential.

Investment Environment and Portfolio Composition

St Peter Port was relatively fully invested at the start of 2008/9, having invested most of the funds raised at flotation in the previous year. A number of companies in which we had invested were coming to market shortly or otherwise close to a liquidity event such as a trade sale. The portfolio accumulated in the first year was weighted its towards three sectors: oil and gas exploration and production; mining and resources and renewable energy/clean technology, reflecting suitable opportunities which had been identified for St Peter Port’s strategy. At the start of 2008/9 St Peter Port held stakes in 41 companies.

During the earlier part of 2008/9, commodity prices remained high, giving rise to a number of flotations and other exit opportunities. Wherever possible, as described in the report below, the Investment Manager took full advantage of these to release cash. Over the same period the Company redeemed nearly all its hedge fund holdings other than one much reduced holding in a third party fund of funds which has staged redemption arrangements. However, after the banking crisis became extreme in September 2008 the opportunities for achieving exits vanished and only began tentatively to return since the year end.

Given the extent of the turmoil in financial markets, and its impact on the global economy, the Company refrained f r o m making any further investments in the second half of 2008/9. This reflected the conditions for a number of months in which markets – were unable to find any sort of equilibrium.

Investments and Realisations during the Year

During the first half of 2008/9, the Company invested a further £14.9m in nine companies, two of the investments being follow-ons. The focus of these investments shifted f r o m a possible exit through flotation to investments where there was a credible expectation of a liquidity event in any form within a relatively short period, such as a trade sale or repayment of a loan.

To date the Company has realised over £22.5 million through disposals (over £22 million in 2008/9), generating a gain on investment of 39 per cent. This was largely derived f r o m six investments which were wholly or substantially realised during the year and one other which was partially realised.

Share Buy-Back

Shortly before the year end the Company bought back 1.95m of its own shares at 30p per share. These shares are currently being held in treasury. As discussed below, the effect of this buy-back was to enhance net a s s e t value per share.

Basis of Valuation for Financial Results

Determining the Company’s financial results for the year is an exercise largely dependent on an assessment of the fair value of each investment held. Where investments are now quoted, there is an external basis for determining fair value and we have valued holdings at the bid price of the shares. Where this is not available IFRS rules require us to select a fair value.

Values of our oil and gas and resource stocks are influenced by a number of factors, including company progress, exchange rates and commodity prices. Where we have invested in a mining or petroleum project, when the company receives positive results f r o m drilling geological investigation this should lead to a rise in value. We report in sterling but many of our investments were made in foreign currency. Even where this was not the case, the value of the investment is frequently determined by reference to dollar values rather than sterling. We have also taken account of any pre-defined uplift on a liquidity event; in some cases we have written investments down heavily and in others written them up.

Financial Results

The Company made a profit in the year of £877,000 (2007/8: £3.69m), generating earnings per share of 1.2p (2007/8: 4.9p). Income arose largely f r o m the net gains in fair value of investments of £2.51m (2007/8: £4.57m).

Net a s s e t s at year end were largely unchanged f r o m the previous year at £77.13m (31 March 2008: £76.84m). However, net a s s e t value per share increased by 3.1 per cent to 105.58p (31 March 2008: 102.45p), largely as a result of the share buy-back.

Balance Sheet

As at 31 March 2009, the Company held £54.3m in investments in companies, being equity investments and loan instruments (31 March 2008: £55.9m). Nearly all of the remaining balance sheet was in cash, £22.6m (31 March 2008: £12.5m – including commercial paper), the principal difference being that £8.7m was held in hedge funds at 31 March 2008, which was reduced to £130,000 at the year end.

Activity since the Year End

Since the year end conditions have become more stable and the Company has resumed making new investments, described below in the Investment Manager’s report. Three of these investments are follow-ons into companies in which we were already shareholders and the other two are new investments. The pricing of each of these reflects the depressed market conditions which currently prevail and offer the prospects of significant uplifts on exit.

As a result of these investments since the year end, the Company, as at the 14 July 2009, held £16.6m in cash and available for investment. We therefore have the cash to cherry pick f r o m the best of our existing portfolio and new opportunities at a time when many potential participants are illiquid.

The investment climate has become less volatile and commodity prices have recovered substantially since their lows around the turn of 2008. Competition in our area f r o m other funders is limited. We believe that many of the companies within the portfolio have considerable upside potential in a portfolio of high risk/high reward companies. The Board views the future with confidence.

Bob Morton
Chairman

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The British Public, Which Has Been So Severely Hit By The Economic Recession And The Crumbling Sterling Exchange Rate, Is Turning To Campervans And Motorhomes As Both A Cheap And Fun Alternative To The Foreign Holidays They Would Normally Have

The old VW Campervan, so beloved of hippies in the 1960s, is making a big comeback. The British public, which has been so severely hit by the economic recession and the crumbling sterling exchange rate, is turning to campervans and motorhomes as both a cheap and fun alternative to the foreign holidays they would normally have.

Holidays abroad are becoming increasingly expensive. The pound has lost a third of its value overseas in the last year, and Spain, which is probably one of the most popular destinations for holidaying Brits, has suffered inflation running at 14% for the last few years and is now more expensive to visit than Blackpool or Southend.

A spokesman for Staveley Head, one of the UK’s leading motorhome insurance providers, said “This time of year is always a busy period for campervan insurance enquiries, but this year we are experiencing an unprecedented number both on the internet and by telephone. People are finding it more financially viable to buy a used campervan or motorhome and have several holidays touring the UK than to spend the same amount of money on one big continental blow-out. And it’s not just the bottom end of the market that’s active. More and more people are buying the larger American style motorhomes which offer virtually all the facilities you can find in a hotel.”

Another advantage of the motorhome is that it easily accommodates the spontaneous holiday or long weekend that everyone wants when the British sun decides to shine. No last minute planning needed with a campervan , no airport delays or travellers cheques needed – just get in it and drive. How many people sleeping under canvas and wallowing in the mud at the Glastonbury Festival wished for a campervan.

The Staveley Head spokesman went on to say “It isn’t only motorhome insurance where we are seeing a substantial increase in activity. Caravans, both statics and tourers, appear to be increasingly popular this year. And the volume of caravan insurance policies we have issued in recent weeks is far exceeds the same period last year.”

Staveley Head is one of the country’s leading motorhome insurance brokers and will give you all the advice and assistance you need regarding this matter, including a very competitive campervan insurance quote, if you log onto their website at http://www.staveleyhead.co.uk You can also compare caravan insurance quotes and even take out motorhome insurance online.

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Trading Floor To Open Up Trading Information For Forex And Equities

Saxo Bank, the online trading and investment specialist, is addressing the problem of market information overload with its TradeMaker module to complement its trading platforms, as well as a new Trading floor website.

Trading Floor

The information barriers of the past that limited trading to professional traders with a Bloomberg or a Reuter’s screen have long gone. The quantity of trading information and Forex news available to all types of traders on a home or business PC has increased to such an extent that now it is possible to trade not only stocks, but also Forex and more exotic instruments such as Futures and CFDs.

But while speed is vital when making trading decisions, speed without solid strategic insight won’t bring any advantages. The main problem is that as the cost of information has fallen, the volume has increased accordingly. Trying to find a way through this jungle of FX crosses, quotes and trades is sometimes a challenge even for the most experienced trader.

TradeMaker is a real-time trading idea generator that is part of Saxo Bank’s award winning trading platforms. It provides ten daily intra-day trading ideas on major currency crosses and CFDs including intuitive charts and interface, as well as one click pre-populated trade tickets or the ability to tailor the idea to personal trading strategies.

“Using the information and services provided by TradeMaker, we hope to be encouraging those traders that are looking to enter the market but need more direction,” said Patrick Mortensen, Global Head of Partner Marketing at Saxo Bank.

“We have already received feedback that tells us users actually feel more secure in their trading decisions, as TradeMaker enables them to better identify and manage the risks involved in the market,” said Patrick Mortensen.

The advent of the electronic trading platform has brought an end to the ‘open outcry’ of busy, noisy trading floors. As traders have retreated behind desks and screens, the shouting, signaling and pulling faces have disappeared. And with it has gone some of the human interaction that helped inform the markets.

Trading Floor is an attempt by Saxo Bank to bring some of that noise back by getting the markets rubbing shoulders, dealing – and shouting. Trading Floor provides up to date, forex news and market place analysis.

The aim of the new Tradingfloor site is to bring market participants together through the web site. Saxo Bank provides the web site and the expertise of its strategists and analysts and those of its partners.

The Daily Trading Stance is the mainstay of Tradingfloor’s daily offering. It is the position that Saxo bank’s own strategists distribute to traders with a rundown of the main themes of the day in FX, equities, futures, and FX options.

The commentary is prepared by Saxo Bank’s Chief Economist David Karsbøl and Saxo Bank’s Equity Strategist Christian Tegllund Blaabjerg, with additional advice from Forex expert John hardy, who was named as one of the most influential people in Forex in 2008. Commodities expertise is provided by Ole S Hansen and Alan Plaughmann. Tradingfloor.com also has its own YouTube Trading Floor channel which is updated daily with the day’s trading information and delivered by David or Christian.

The speed of trading has picked up tremendously in recent years with the use of automated and semi-automated systems. But the systems are only as good as the information they receive. The key to success in online trading is to find reliable sources of solid tradable information.

About Trading Floor:
Trading Floor is run by Saxo Bank – a global investment bank specialising in online trading and investment across the international financial markets. Trading Floor provides up to date forex news and market place analysis.

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