Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

Posts Tagged ‘UK’

Statement of the UK Coordination Group and the leaders of the political groups of the EP

Posted by fidest press agency su sabato, 12 settembre 2020

The UKCG and the EP political group leaders issued the following statement after meeting with Chief EU Negotiator Michel Barnier and Joint Committee Co-Chair Maroš Šefčovič, on Friday.The European Parliament’s UK Coordination Group (UKCG) met today to assess the impact of the United Kingdom Internal Market Bill on the implementation of the Withdrawal Agreement with EU-UK Joint Committee Co-Chair Maroš Šefčovič and to evaluate the ongoing negotiations on the future EU-UK relationship with EU Chief Negotiator Michel Barnier.EP political group leaders and UKCG members are deeply concerned and disappointed that the UK Government published an Internal Market Bill that clearly represents a serious and unacceptable breach of international law. It violates the Withdrawal Agreement that was signed and ratified by the current UK Government and Parliament less than a year ago. The Internal Market Bill gravely damages the trust and credibility that the European Parliament has already said is “an essential element of any negotiation”, thus putting at risk the ongoing negotiations on the future relationship.The European Parliament supports EU Chief Negotiator Michel Barnier and Commission Vice-President Maroš Šefčovič in asking the UK government to withdraw these measures from the bill immediately; by the end of September, at the very latest. The European Parliament’s UK Coordination Group stresses that:the Withdrawal Agreement, including the Protocol on Ireland/Northern Ireland, has legally binding force regardless of whether or not the EU and the UK conclude any new treaty governing their future relationship; and any issue regarding the implementation of its provisions should be addressed by the Joint Committee and in no case unilaterally by any party to the agreement. The European Parliament expects the UK government to uphold the rule of law and demands nothing less than the full implementation of all provisions of the Withdrawal Agreement, including the Protocol on Ireland/Northern Ireland, which is essential to protect the Good Friday Agreement and peace and stability on the island of Ireland.Should the UK authorities breach – or threaten to breach – the Withdrawal Agreement, through the United Kingdom Internal Market Bill in its current form or in any other way, the European Parliament will, under no circumstances, ratify any agreement between the EU and the UK.Regarding the outcome of the eighth negotiating round, the European Parliament remains committed to an ambitious partnership with the UK. We are disappointed with the continued lack of reciprocal engagement from the UK side on fundamental EU principles and interests.The European Parliament calls on the UK to work with the EU constructively and find compromises that are in the interests of our citizens and companies on both sides. Any potential deal should not only preserve our interests, but also respect the integrity of the European Union and its single market.For any deal to take effect, democratic oversight institutions on both sides of the Channel must be able to carry out a meaningful assessment, as stated in the Withdrawal Agreement. The European Parliament recalls that its consent to any deal will only be granted after detailed scrutiny of the legal provisions. The European Parliament will not accept having its democratic oversight curbed by a last-minute deal beyond the end of October.

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Smallspark Space Systems and Leaf Space enter agreement to offer cutting edge ground station services to the UK

Posted by fidest press agency su domenica, 19 luglio 2020

Lefa Space Systems and Leaf Cardiff-based aerospace company Lefa Space Systems has entered into an exciting agreement with Leaf Space, an Italian provider of ground segment services to satellite operators and launchers, to bring cutting edge ground station services to UK Government and private sector clients.Smallspark and Leaf Space plan for a partnership to deliver joint bids for projects with the UK Government and other commercial operators in the UK, with the aim of becoming the primary contractor for services related to supporting the UK governments ambitions with OneWeb, the proposed 650-satellite constellation which will provide worldwide satellite internet and broadband services to people across the globe.This major proposed collaboration changes the landscape of UK aerospace, with both companies working together to provide UK-based services for OneWeb, including the development of new, low-cost, rapidly deployable ground stations, expansion of ground segment coverage to new geographies as well as operating & maintaining OneWeb’s existing ground station networks.At a time when the economy has contracted, and many businesses are facing difficult challenges, such positive news will provide a major boost for the UK Space sector.If successful, the bid will kickstart rapid development across the space value chain, creating new skilled jobs, providing massive opportunities for investment across the sector, with new sites proposed across the country, and exploring the potential of manufacturing opportunities in the UK.

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EP wants data protection guaranteed before allowing fingerprint exchange with UK

Posted by fidest press agency su lunedì, 18 maggio 2020

MEPs rejected the Council draft implementing decision on the exchange of fingerprints with the UK with 329 votes for, 357 against, and 4 abstentions. MEPs urge the Council not to take any decision on the topic until the UK gives guarantees on full reciprocity and data protection and to wait until the new legal framework for the new partnership cooperation with the UK has been concluded.
The launch of the fingerprint exchange between the United Kingdom and EU member states, bound by the Prüm decision, would allow the responsible national authorities to share fingerprint data to prevent and investigate crimes.This decision on the fingerprint data exchange would be limited to the transition period ending on 31 December. MEPs say however that, since it is not clear if the UK will meet EU data protection standards after this date, such a decision could pose a serious risk to the protection of fundamental rights and freedoms of EU citizens after the transition period.
Furthermore, MEPs think that the reciprocity of the data exchange should be guaranteed before any decision on the matter is taken. As stated in the Council draft implementing decision, the UK does not intend to make fingerprint data from suspects’ profiles available, in contrast with other member states participating in the Prüm system.Decisions on automated exchange of fingerprint data in the EU are enabled by the Prüm framework. It lays down provisions under which EU member states grant each other access to their automated DNA analysis files, automated fingerprint identification systems and vehicle registration data.
The Parliament has a consultative role in the decision.

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For a comprehensive agreement with the UK

Posted by fidest press agency su lunedì, 30 marzo 2020

“Last week, the European Union and the UK government exchanged draft legal texts covering their respective visions of our future relationship. The EU’s text is fully based on the Political Declaration, while that of the UK seems to cover only some elements.
The EU is still convinced that a comprehensive agreement covering all areas of the Political Declaration is better suited to the kind of ambitious partnership that would be in the interests of both the EU and the UK. The European Parliament remains fully committed to reaching a broad agreement with our British partners that encompasses not only trade, but a wide range of sectors. The UK’s commitments and obligations must be consistent and commensurate with the level of cooperation they are seeking to strike with us.From the first round of talks, major differences became evident on fisheries, on level playing field issues, on police and judicial cooperation in criminal matters and on the overall governance of the future relations. We need to work relentlessly to find solutions to these disagreements. Despite the ongoing COVID-19 crisis, the European Parliament remains committed to fulfil its role. It will continue to scrutinise the negotiations and hold regular exchanges of views with the EU chief negotiator.For now, we are still waiting to see guarantees that the UK will fulfil all of its commitments stemming from the Withdrawal Agreement, including the Irish Protocol. This is key for us in the European Parliament. The British side must live up to its commitments.
With the end of the transition period, regardless of the deal struck, any changes will be important for the citizens and businesses in the UK and, to a certain extent, in the EU. Both sides therefore need to ensure the best possible outcome in the negotiations, to the benefit of both parties.”

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The UK will succeed economically after Brexit

Posted by fidest press agency su venerdì, 31 gennaio 2020

The EU Parliament ratified the EU-UK Withdrawal Agreement. It is an historic day”, says Gunnar Beck, Member of the EU Parliament and Brexit spokesman for the Identity & Democracy Group, “because this is the first time a country is leaving the EU. Undeterred by numerous prophets of doom, the majority of the British people voted to leave the EU to assume greater responsibility for their own decisions and secure a prosperous future.From a German perspective, Britain’s departure is both sad and good news. Britain is one of Germany largest trading partners, and Germany’s besieged automobile industry will come under further pressure. However, Brexit is also a great chance for all Europeans. The UK will succeed economically, and this will send a signal to others that the EU is stifling rather than promoting growth and success. It will be a wholesome lessons, especially for my German compatriots who have been taught, wrongly, that there is no future outside the EU.”

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Chetu Continues European Expansion with New UK Office Opening

Posted by fidest press agency su lunedì, 16 dicembre 2019

Chetu, the leading provider of world-class software solutions, today announced the extension of its European presence with the opening of its newest office in Birmingham, England.Approaching its 20th anniversary, Chetu has augmented its growth in Europe with its new software delivery hub opening near Birmingham’s bustling City Centre. The office, which is located at 119 Holloway Head, Suite SF04, will serve as the home base for the European and Middle Eastern markets.With 1,800 dedicated software developers, Chetu is looking to help bolster the burgeoning UK tech scene by bringing their vast industry expertise to the nation’s companies and provide them with the mechanisms required to enhance their current IT systems. Aside from facilitating real-time communication between its expert developers and United Kingdom-based clients, the new office will also support Chetu’s European marketing team, and serve as the home offices for the company’s expanded sales team of UK-based national account managers.
Serving as Chetu’s second office in Europe – outside of its Netherlands location, which opened in 2014 – Chetu’s Birmingham office will aid in the company’s international expansion, simplifying the journey from concept to code for European proprietors. For more information on Chetu or to request a consultation, please visit http://www.chetu.com.

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Hisense Roku TV Models – Now Available in UK

Posted by fidest press agency su lunedì, 25 novembre 2019

Today Hisense and Roku, Inc. announced that starting next week Hisense Roku TV™ models will be available in the UK. Recently announced at IFA 2019, these smart TVs are powered by the Roku® OS, offering consumers a premium TV experience at an affordable price. Hisense Roku TV models offer consumers a customisable home screen, thousands of streaming channels and advanced features like universal search and private listening.
Hisense, celebrating its 50th anniversary this year, plans to release the first Hisense Roku TV models for the UK market on Black Friday (November 29) at Argos. Hisense Roku TV models will be available in 43”, 50”, 55” and 65” screen sizes, enabling consumers to enjoy their favourite TV entertainment in beautiful HD, 4K and 4K HDR.Hisense Roku TV models are powered by the Roku OS and are simple to set up and incredibly easy to use. They come with a customisable home screen that combines all entertainment choices in one overview, including streaming channels and traditional inputs such as pay TV set top boxes and gaming consoles.From the Roku Channel Store consumers can pick and choose from 5000+ streaming channels including popular streaming services such as Netflix, Prime Video and NOW TV. For a complete overview of available channels consumers can visit https://channelstore.roku.com. Hisense Roku TVs also include Freeview Play, bringing live TV and on demand content from BBC iPlayer, ITV Hub, All 4 and My5. Roku TV models can be controlled with a simple and intuitive remote control or through the free Roku Mobile App for iOS and Android devices. The mobile app also enables consumers to cast photos and videos to their Roku TV, use voice search and connect headphones for private listening.

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Oli Walters Joins Podfront UK

Posted by fidest press agency su domenica, 10 novembre 2019

Podfront UK, an exciting joint venture between two of the biggest podcast players in the world, Wondery and Stitcher, today announced that proven industry leader, Oli Walters will be joining the company as Head of Sales in London, effective immediately. In his new role, Walters will be responsible for driving revenue through sponsorships, host reads and dynamic spot ads engaging with agencies and directly with brands. Podfront UK offers a unique opportunity for UK brands to buy on global hit podcast shows, targeting the UK audience or placing a global campaign.
Walters joins Podfront UK from Audioboom where he successfully managed the UK sales operations and delivered huge revenue increases year on year for the business. He was a key member of the sales team that steered the company to a reported 86% increase on quarterly revenue on Q3 2018. He has nearly 15 years of media experience across broadcast radio and digital audio, and previously worked for the UK’s largest radio groups including Global Radio and Bauer Media.

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euNetworks Delivers New Critical Fibre Infrastructure in the UK and Ireland

Posted by fidest press agency su giovedì, 7 novembre 2019

euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, today announced that it has undertaken a strategic investment, building critical internet infrastructure linking Dublin to London and Lowestoft. This state of the art, ultra high capacity duct and dark fibre system utilises new ultra low loss fibre to deliver the lowest cost per bit. That specification plus the unique routing of the system meets the needs of companies transporting multiple terabits of data traffic. Dublin via submarine cable to Southport, and then on to Manchester, London, and Lowestoft, directly connecting key data centres. This major investment in UK national infrastructure compliments euNetworks’ ongoing investment in Dublin, London and Manchester. It also delivers the first new subsea cable system (Rockabill) in the North Irish sea for some years.
euNetworks is focused on delivering high bandwidth data centre to data centre connectivity between and within cities in Europe. Super Highway 1 will support the ongoing investment by companies building out data centres in metropolitan areas, as well as expanding their presence in regions.Construction started in March 2019 and services will be delivered to customers in week commencing 25 November 2019. This new ultra low loss network is entirely new fibre deployment. It includes 1,000 kilometres of high fibre count cable, 340 new chambers, 239 new fibre joints, 2 new cable landing stations and 4 new ILA/PoP sites. The low loss fibre deployed on the terrestrial route is Corning SMF28 Ultra G657 fibre. Corning SMF28-ULL G654C has been used in the Rockabill subsea system.The new subsea cable has been optimised for lowest attenuation, with a subsea distance beach man hole to beach man hole of 221km. The route follows a historically established highly reliable subsea corridor, while being diverse from other live and planned systems. euNetworks worked with McMahon Design & Management Ltd (“MDM”) to undertake the subsea build, with MDM managing the development concept, permitting, licensing and cable lay. The shore end work at Portrane and then Southport was undertaken in July 2019 and the main lay cable works completed in early September 2019.

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Citi Commercial Bank Appoints New Head of UK Operations

Posted by fidest press agency su martedì, 5 novembre 2019

In a sign of its ongoing commitment to the UK market, Citi has appointed Bill Stanton as head of its UK Commercial Banking business. Reporting to Raymond Gatcliffe, EMEA Head of Citi Commercial Bank (CCB), Bill will be responsible for leading the UK franchise, serving the mid-market corporate segment across a number of industries. Bill joined Citi in 2004 and for the past four years has led the CCB business in Korea. Prior to this, he was based in New York and led the global sales management strategy for CCB. The CCB UK franchise launched in 2017 and has delivered consistently strong growth since inception. To further support its evolution, the business has recently made a number of senior hires to lead on key industry sectors, including Consumer Brands & Healthcare, Business Services, Industrials, and Technology, Media & Telecoms.Sarah Briddon has joined to head up the Consumer Brands & Healthcare sector, focusing closely on the food & drink, retail, beauty, consumer services and the life sciences and pharmaceutical industries. Sarah joins from HSBC, and has over 16 years’ experience in Commercial Banking, bringing with her significant practical experience in dealing with businesses operating here in the UK and overseas.Terry Koizou has been appointed as UK Head of Business Services, responsible for leading Citi’s strategy across a key sector for the Commercial Bank, which employs over 3.3 million people and contributes 9.5% of UK GDP. Terry has 13 years of commercial banking experience, supporting management teams and providing banking & financing solutions to UK mid-corporate clients across a number of sectors, most recently at Lloyd’s.Vineet Vetts has been appointed as head of the Industrials sector, focusing closely on a number of sub-sectors including manufacturing, capital goods, chemicals, aerospace and defence, construction, transport and logistics, power, metals and mining as well as oil and gas. Vineet has over 15 years of corporate banking experience providing global banking coverage to UK mid cap corporates across industry sectors, after having worked as process engineer at Downstream Oil refinery.
Sophie Muir has re-joined CCB as head of the Digital and Technology, Media & Telecommunications (TMT) sector. Sophie will focus on digital clients, including fintech companies in the payments space. Previously, she covered TMT clients for larger multinationals at Citi, after which she co-founded a business that originated diligence, structured, and monitored loans for UK SME.

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UK, Japan commit to net zero emissions by 2050

Posted by fidest press agency su lunedì, 24 giugno 2019

Two of the world’s largest economies, Japan and the United Kingdom, have announced that they are aiming for carbon neutrality by the middle of the century, as momentum gathers towards a wider commitment towards achieving net zero carbon emissions in industrialised nations.Japan is hosting this year’s meeting of the G20 group of nations, and its commitment has raised hopes that others will follow suit. France is pushing for the European Union to declare a similar goal ahead of a major UN climate summit in September.
Global emissions of greenhouse gases continue to rise, despite rhetorical commitments by governments to reduce them. Currently, the combined carbon emission reductions proposed under nations’ Paris Agreement pledges are not sufficient to prevent global heating of 2ºC above pre-industrial levels, a threshold at which climate change is likely to have severe consequences.In the UK, the outgoing prime minister Theresa May laid legislation before parliament last week enshrining the net zero target in law.“Now is the time to go further and faster to safeguard the environment for our children. This country led the world in innovation during the Industrial Revolution, and now we must lead the world to a cleaner, greener form of growth,” May said. “Standing by is not an option. Reaching net zero by 2050 is an ambitious target, but it is crucial that we achieve it to ensure we protect our planet for future generations.”
In May, the UK’s Committee on Climate Change, an independent body established by the government, said that carbon neutrality by 2050 was achievable, if the country can shift to all-electric vehicles by 2035 and encourage the retrofitting of buildings for energy efficiency.Professor Phil Longhurst, head of the Centre for Climate and Environmental Protection at Cranfield University, said: “This is an important and achievable target but what we now need is a plan as to how meet this, otherwise there is a danger that the target will be missed. Which technologies are going to be invested in, which behaviours are we going to try and change and what innovations are we going to back?

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Visa-free access to the EU for UK nationals after Brexit: vote in committee

Posted by fidest press agency su venerdì, 5 aprile 2019

Civil Liberties MEPs will vote on Wednesday on the proposal to exempt UK citizens of visa requirements to enter the EU for short stays after Brexit.
The Civil Liberties Committee will hold an extraordinary meeting on Wednesday at 8.30, with the vote on the UK visa waiver as the single item on the agenda. MEPs will vote on the outcome of the trilogue negotiations.If approved, UK nationals will be exempted from visa requirements for stays in the EU of up to 90 days in any 180-day period, from the day following the country’s withdrawal from the Union, provided the UK offers the same conditions to EU nationals travelling to the UK.
The proposal was endorsed on Tuesday by the Council’s Committee of Permanent Representatives (COREPER). If approved by the Civil Liberties Committee, it will be put to the vote by the full House on Thursday 4 April. The legislation needs to be adopted and published in the Official Journal of the EU before the 12 of April, for the case of a no-deal Brexit on that date.

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Visa-free access to the EU for UK nationals and to the UK for EU nationals

Posted by fidest press agency su giovedì, 31 gennaio 2019

UK nationals would be able to enter the EU visa-free for short periods after the country’s exit, provided EU nationals enjoy the same conditions when travelling to the UK.
By unanimity (53 votes) on Tuesday, the Civil Liberties Committee backed rules exempting UK nationals who are British citizens of visa requirements for stays in the EU of up to 90 days in any 180-day period, from the day following the UK’s withdrawal from the EU.
Once the bill is agreed by both co-legislators (Parliament and Council), the United Kingdom would be included in the list of countries whose nationals do not need to request a visa to enter the EU for business, tourism or to visit relatives or friends. The visa exemption does not provide for the right to work in the EU.The draft specifically states that the visa waiver will be granted to UK nationals on the basis of reciprocity, i.e. provided that EU nationals are also given visa-free access for short business or tourist trips to the UK if it becomes a non-EU country.If the UK introduces a visa requirement for nationals of at least one member state, “the reciprocity mechanism foreseen in EU legislation should apply”, says the text. This may lead to visa requirements for UK nationals being reintroduced.Civil Liberties Committee MEPs also agreed on Tuesday, with 52 votes to 2, to open negotiations with the Council of Ministers. The negotiating mandate will need to be confirmed by the Chamber, during the session starting tomorrow in Brussels. Talks will then begin once the Council adopts its own common position.The visa waiver will be applicable in all EU member states (except Ireland, which has its own visa policy) and in the Schengen associated countries (Iceland, Liechtenstein, Norway and Switzerland). Ireland and the UK have a specific bilateral arrangement which provides for visa-free travel between both countries.

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UK employees to receive among the lowest salary increases in Europe next year

Posted by fidest press agency su giovedì, 16 novembre 2017

londonLondon. UK professionals expected to receive just 0.2% real-terms salary increase in 2018, up to fifteen times less than European peers Higher inflation to wipe out majority of pay increases In Europe, only employees in Hungary, Portugal and Ukraine are likely to be worse off than those in the UK
Real salary increases in Asia-Pacific to continue to lead the world in 2018, filling eight of the top ten positions in the global rankings According to the latest Salary Trends Report by ECA International (ECA), UK employees in the private sector are expected to see a real salary increase of just 0.2 percent in 2018, the equivalent of approximately £4.41 a month (£53 pa) for the average worker¹ before tax. This keeps the UK at the bottom of the salary increase table in Europe, ranking 23rd out of 26 countries surveyed in the region. The real salary increase is calculated based on the difference between the forecast nominal salary increase (2.8 percent in the UK) and inflation² (2.6 percent). The latest survey also reveals that employees in the UK received a disappointing 0.1 percent real salary increase this year, lower than forecast in 2016 (0.3 percent), due to a jump in inflation caused by sterling’s fall in value.
Real salary growth for UK workers is forecast to remain behind most of their European peers. Only employees in Hungary, Poland and Ukraine are anticipated to have lower real salary increases than those in the UK.Although there are early signs of growth in some major European economies, expected real salary increases still lag behind those of a few years ago. Real wage growth in Germany and France is expected to be less than half the rate of 2015 at 1.2 percent and 0.9 percent respectively.Despite the lacklustre predictions for 2018, the average rise across the continent is expected to be 1 percent, and for the first time in five years no European nation is expected to experience a salary decrease. Real-terms pay freezes are pushing Ukraine and Portugal to the bottom of the regional rankings.
Russia is forecast to move to the top of the European rankings in 2018. As its economy stabilises and inflation falls, employees in Russia are set to receive a 3.1 percent real salary increase next year.
After seeing the highest real salary increases in Europe in 2017, inflation is expected to move higher in Romania. This will cause the country to see real pay rises of just 0.7 percent next year, compared to 3.4 percent in 2017, and fall 46 places in the global rankings. Ireland and Hungary face a similar situation, falling 18 and 21 places respectively.
Asia-Pacific countries continue to outperform the rest of the world, occupying eight of the top ten spots in the global rankings with above-inflation salary increases across the board. Despite slower economic growth, China is forecast to rank seventh in the world next year and will maintain its ever-present record in the top ten of ECA’s ranking of global real salary increases. Top spot in the region is taken by India, with a 4.9 percent real salary increase predicted.
India is only beaten to the global top spot by Argentina, which is forecast to receive an impressive 7.2 percent real salary increase in 2018.
In the Americas, average real salary increases are predicted to be 1.6 percent, slightly higher than in 2017 (1.4 percent). Employees in Mexico in particular look set to benefit from lower inflation in 2018 to record a real-terms increase of 0.8 percent compared to a 1.3 percent pay cut in 2017. Uplifts for the USA and Canada are set to remain steady, at 0.9 and 1.1 percent respectively.
Despite both expecting to see 10 percent nominal salary increases next year, Egypt and Nigeria find themselves at the bottom of the global rankings thanks to high inflation, which will likely far outweigh pay rises and cause real decreases of 11.2 and 4.8 percent respectively. Lower inflation in Ghana will help the country to leap 51 places globally and top the regional rankings for Africa and Middle East, where with employees are predicted to enjoy a 4.7 percent real pay hike.The imminent introduction of VAT in the countries of the Gulf Cooperation Council has raised inflation forecasts. Saudi Arabia and Qatar are particularly affected with both anticipated to experience real salary decreases as a result, dropping from among the highest ranked nations in the region in 2017 to the lowest in 2018.

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Elezioni UK: il commento delle due affiliate obbligazionarie del gruppo Legg Mason

Posted by fidest press agency su lunedì, 12 giugno 2017

city of londonLondon. By Andrew Belshaw, Head of Investment Management London di Western Asset (Gruppo Legg Mason) “Devi sapere quando continuare a giocare e quando lasciare la mano. Un concetto che il primo ministro Theresa May avrebbe fatto meglio a tenere a mente, quando ha deciso di giocarsi la sicurezza di tre anni di governo con la possibilità di un mandato più forte e duraturo. Il risultato di è chiaro: May ha scommesso e ha perso. Dopo aver fatto una delle peggiori campagne di sempre, il partito conservatore ha ottenuto meno seggi di quanti ne avesse nel Parlamento uscente, insufficienti per formare una maggioranza assoluta, ma abbastanza per rimanere il primo partito in Gran Bretagna. E’ probabile che i Conservatori restino al potere, o con un governo di minoranza o in coalizione con il Northern Ireland’s Democratic Unionist Party (DUP).Adesso entriamo in un periodo di incertezza. La questione più importante è capire che cosa significa per la Brexit. May ha deciso di fare le elezioni anticipate per ottenere un mandato più forte. Ora non ce l’ha. Questo significa che la Brexit sarà più morbida e che il Paese rimarrà all’interno dell’unione doganale europea? Possibile, e la risposta relativamente diversa della sterlina (che ha perso solo il 2% circa rispetto a dollaro e euro) potrebbe riflettere questa eventualità. Ma potrebbe anche non succedere, dato che il DUP è a favore della Brexit e il governo sarà riconoscente con la sua frangia più euroscettica per far passare la legislazione. Vista la portata del voto anti-austerity, un atteggiamento fiscale più morbido/accomodante non può essere escluso dall’agenda del governo, perciò i premi al rischio sui Gilt e altri asset britannici potrebbero aumentare. Qualsiasi governo si formerà nei prossimi giorni, il prossimo primo ministro dovrà fare i conti con altre elezioni a breve termine. Dovrà essere un premier abbastanza forte da guidare il parlamento nei prossimi mesi, anche se è chiaro che il Paese ha perso fiducia nei confronti di Theresa May e della sua leadership.
Siamo sottopesati sulla duration britannica e generalmente neutrali sulla sterlina nei portafoglio dei nostri clienti, e con i rendimenti dei Gilt e i differenziali delle obbligazioni corporate UK che sono un po’ mutati, non anticipiamo nessun cambio immediato nelle strategie di portafoglio. Continueremo a valutare il mercato una volta che le conseguenze politiche diventeranno più chiare.”
By Jack McIntyre, portfolio manager di Brandywine Global (Gruppo Legg Mason)
“Fino al voto, i mercati avevano prezzato una maggioranza del partito conservatore, compresa la possibilità di aumentare il numero di seggi all’interno del Parlamento. Il Primo Ministro May e il partito conservatore non potranno più godere di quella maggioranza e probabilmente dovranno affrontare una situazione di blocco legislativo nei negoziati per la Brexit. Riteniamo che la retorica del Primo Ministro sia stata utilizzata semplicemente a fini politici, per cui forse un parlamento “sospeso” potrebbe portare la May a rivalutare il suo stile e a cambiare approccio nell’affrontare i negoziati per la Brexit, dato che un divorzio con attriti con l’UE non sarebbe nell’interesse del partito.
Tuttavia, i mercati non vedono di buon grado la mancanza di una salda leadership governativa, quindi ci aspettiamo un crollo nella sterlina nel breve periodo, così come nei rendimenti dei Gilt. Sebbene la nostra view di lungo periodo suggerisca che una migliore crescita economica consentirà alla Banca d’Inghilterra una politica più restrittiva, riteniamo che la BoE mantenga il suo attuale atteggiamento accomodante alla prossima riunione del 15 giugno e, più in generale, nel breve termine. Questa elezione è stata sicuramente più impattante sulla sterlina che sull’euro, quindi non ci aspettiamo che l’euro si muova molto contro il dollaro Usa in conseguenza di questi risultati. Ci sono stati altri fattori, come una più forte crescita della zona euro e la recente riunione della BCE che potrebbero influenzare la valutazione dell’euro.”

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Cost of sending expatriates to the UK falls for foreign companies

Posted by fidest press agency su domenica, 21 maggio 2017

mondo-multi-polareThe United Kingdom is the most expensive destination among the top-40 financial-hub countries* for expatriates from foreign companies. This was one of the findings of the latest MyExpatriate Market Pay survey published annually by ECA International, the world’s leading provider of knowledge, information and software for the management and assignment of employees around the world.When considering the cost of an expatriate package companies need to factor in three main elements: the cash salary, benefits – such as accommodation, international schools, utilities or cars – and tax. To assist companies relocating staff with benchmarking their packages against the market, ECA conducts its annual MyExpatriate Market Pay Survey of pay levels for expatriates around the world, including benefits, allowances, salary calculation methods and tax treatment.Over the past couple of years, it has become cheaper in USD terms to send expatriates to the UK due to the pound’s decline in value. The cost of a typical expatriate package for Middle Managers in the UK is now GBP 262 900 / USD 384 400.“The total cost of expatriate packages in the UK, in US dollars, has fallen by 11% in the past couple of years. This is mainly due to a weakened pound against the US dollar making the UK comparatively cheaper. In local terms, typical Middle Manager expatriate salaries have increased by 3% over this period,” said Steven Kilfedder, Production Manager, ECA International.
However, the UK still has some of the highest personal tax rates in the world and the second highest cost for typical expatriate benefits.“The tax element is the most expensive component of an expatriate package in the UK by a considerable margin. Once tax is removed, the UK falls out of the global top five most expensive locations in the world. The cost of providing benefits is also considerable, at around double the salary element due to high expatriate rental accommodation prices,” explained Kilfedder. When choosing an expatriate pay approach, companies need to be clear about the reasons behind the assignment so that their choice reinforces this. This can help organisations to decide whether they wish to create equity among home or host country peers – something that has become even more complex as companies manage increasingly diverse nationalities in and out of different markets. This will also need to be balanced against benefits and costs to the business.
Europe
France is sixth in the global rankings this year. The value of a typical expatriate package for Middle Managers in France is now EUR 232 000 /USD 264 500. The cost of an expatriate package to foreign companies has fallen in France by 16% in USD terms over the past two years due to the euro declining against the dollar over this period.Expatriate packages for Middle Managers in Germany are the lowest out of all ranked European countries. The combination of comparatively low salary, benefits and tax all contribute to Germany ranking 23rd out of the 27 locations included in ECA’s rankings. The total cost of an expatriate package for Middle Managers in Germany isEUR 177 800 / USD 202 800 – falling by 15% over the past two years, also due to the euro’s decline against the dollar.
Americas
The cost of an expatriate package has increased by 2% in the USA since our last survey, with the US rising in our rankings to eighth place. The value of a typical expatriate package for Middle Managers is now USD 257 400.”In the US, the costliest element of the package is the benefits provision, the fifth highest in our global rankings. To incentivise employees to accept an assignment to some countries companies will often grant additional allowances on top of the base salary that aren’t necessary when sending staff to the US. In Hong Kong, for example, dangerous levels of air pollution, combined with high international school fees and accommodation costs, mean that companies have traditionally offered generous expatriate packages to attract highly sought-after talent,” said Kilfedder.
Middle East
Countries like Qatar, United Arab Emirates and Saudi Arabia sit near the bottom of the global rankings. Even though the highest global Middle Manager expatriate salaries are found in Saudi Arabia and the UAE, as the employee pays no tax on their salaries or benefits in these countries, the total cost is low by international standards with both sitting in the cheapest six locations in the global rankings. The values of expatriate packages in these locations are USD 172 800 and USD 188 400 respectively. Qatar will cost foreign companies the least out of our ranked locations, at USD 160 200 per annum.
Asia Pacific
Japan is home to Asia’s most expensive expatriate packages, second only to the UK on a global scale. On average, a package for an expatriate Middle Manager there is worth USD 367 500. The total package has risen by a significant amount from last year’s total, by around 12 per cent, with the yen strengthening against the US dollar in the survey period.
Expatriate pay packages in Hong Kong have fallen to a five-year low, falling by two per cent since 2012 in USD terms. However, they are still the fifth highest in the rankings this year. The value of a typical expatriate package for Middle Managers in Hong Kong is around USD 265 500.A total package for an expatriate Middle Manager in China is worth around USD 282 500 on average.Expatriate packages in China have declined in USD terms from last year’s totals due to the yuan weakening against the dollar over this period.“China remains attractive for foreign companies sending expatriates here as although costs are rising in local currency they have fallen in USD terms since our previous survey,” stated Lee Quane, Regional Director – Asia, ECA International.

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Deutsche Bank registra un risultato netto pari a 559 milioni di Euro nel primo quarter 2015

Posted by fidest press agency su lunedì, 27 aprile 2015

Deutsche-Bank-Sede-Milano (XETRA: DBKGn.DE / NYSE: DB) ha annunciato i risultati per il 1Q2015. I ricavi netti del Gruppo sono aumentati del 24% rispetto all’anno precedente. Il risultato prima delle imposte è stato di 1,5 miliardi di euro. Il trimestre in corso include le spese processuali di 1,5 miliardi di euro. Jürgen Fitschen e Anshu Jain, Executive Officers co-amministratore, hanno dichiarato: “Nel primo trimestre 2015, i ricavi sono stati vicini a livelli record, che riflettono la forza del Gruppo in tutte le nostre attività principali. I profitti sono stati influenzati da spese legali pari a 1,5 miliardi di euro, per effetto della conclusione delle vicende giudiziarie in materia di tassi interbancari (IBOR) con le autorità USA e UK. I due co-CEO hanno anche affermato che: “L’adjusted Core Bank IBIT pari a 3,5 miliardi di euro è stato il migliore da quando abbiamo lanciato Strategia 2015+ nel 2012, riflettendo sia la robustezza dei ricavi che il controllo dei costi. La divisione CB&S ha ottenuto i migliori ricavi di Debt Sales & Trading degli ultimi otto quarter e il miglior risultato di redditività di
Equity Sales & Trading dal 2008, spinti da una forte attività della clientela, mercati robusti e una normalizzazione della volatilità del mercato dopo i recenti minimi storici. Sia Retail Banking che Global Transaction Banking hanno superato la sfida dei tassi di interesse persistentemente bassi per raggiungere profitti trimestrali quasi da record. I ricavi di Deutsche AWM sono cresciuti in modo significativo, l’utile ante imposte è incrementato del 75% anno su anno, e ha registrato 17 miliardi di raccolta netta. ”
Entrambi hanno concluso che: “Questi risultati forniscono un’istantanea di una Deutsche Bank che è molto più forte rispetto a quando abbiamo iniziato il nostro viaggio nel 2012. Abbiamo raggiunto una solida performance operativa pur mantenendo una rigorosa gestione delle risorse e facendo fronte ad importanti investimenti per allinearci alle normative vigenti. Abbiamo rafforzato in modo significativo il nostro capitale. Iniziamo la prossima fase della nostra strategia da una posizione di forza. ” Il gruppo tedesco, con base alla Bicocca, quartiere post industriale di Milano, è stato protagonista di uno sviluppo costante: è passato da 240 a 340 sportelli, preferendo un più marcato incremento del numero dei promotori della rete di Finanza e Futuro (da meno di mille a 1.500). Il motto di DB in Italia è sempre stato quello di una “crescita silenziosa”, Flavio Valeri, CCO Italia.
Una crescita che conferma essere l’Italia il primo mercato europeo per il nostro gruppo dopo la Germania».
Deutsche Bank opera in Italia con un franchise completo
– 650 punti vendita su tutto il territorio, di cui 70 aperti negli ultimi due anni (in controtendenza rispetto al mercato),
– 5.500 collaboratori, 380 nuove assunzioni e 500 nuovi promotori finanziari
– 2,5 milioni di clienti privati e 65mila clienti corporate.

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UK Higher Education in Crisis

Posted by fidest press agency su mercoledì, 18 febbraio 2015

Queens University Belfast,Speaking at a breakfast meeting today, Robin Chater — Secretary-General of the Federation of International Employers (FedEE) — pointed out that “the UK spends less as a percentage of GDP on higher education than most of our major world competitors. According to the latest UNESCO statistics just 1.02% was spent on the tertiary educational sector in the UK compared to 1.29% in France, 1.38% in Germany and 1.39% in the USA.” Robin Chater went on to point out that, on closer examination, the pattern of spending was far from even. “The cost per head in England is far lower than in Wales, Scotland or Northern Ireland. In fact, the per capita expenditure in Northern Ireland is 60% higher than in England (Public Expenditure National Statistical Analyses 2014). This is largely due, of course, to the growth of student tuition fees and the fact that Wales and Northern Ireland heavily subsidize ‘home’ students, and Scotland has lifted tuition fees altogether.”
“It could be argued, however, that asking English students to pay excessive tuition fees does at least increase funding to higher education and thereby raise educational standards. The increased financial burden on students might also be seen as a greater incentive to apply themselves to their higher educational studies. Yet there is little evidence that standards of education or student diligence has risen. Many gifted students have decided to skip University education altogether, student drop-out rates are higher than ever and Universities have not responded by increasing staffing numbers to any significant extent. In fact, the preoccupation of many English Universities has been on recruiting foreign students who may be charged tuition fees around 50% higher than those of home students.” “If we take as an example Reading University. Funding body grants fell between 2009 and 2014 by ₤25.8m, but tuition fees rose over the same period by ₤50.8m. However, during the same period staff numbers fell by 2.1% . Moreover, over 20% of the extra student revenue came from foreign student tuition fees. So where has all the additional funding gone? One answer is in higher salaries for senior personnel. In 2009 there were 22 University staff earning over ₤100,000 a year, whilst by 2014 this had virtually doubled to 41.” “The present higher educational funding system in the UK can also lead to many anomalies and inequalities. For instance in Northern Ireland, at Queens University, Belfast, students from other parts of the UK are charged ₤9,000 a year in tuition fees whilst students from the Irish Republic or other non-UK EU countries are charged only ₤3,685. What is more, students attending institutions at the bottom of the University league table can pay virtually as much for tuition as those in the best institutions. For instance, The University of East London was ranked at the last review (http://www.thecompleteuniversityguide.co.uk/league-tables/rankings) as one from the bottom, but its annual fees are only ₤531 lower than the maximum that can be charged.”“If the pace of economic growth in the UK is to be regained and sustained at pre-2007 levels, much more needs to be done to increase public investment in the development of human capital. As things stand Universities are not providing good value for money to home students, they are directing resources away to more lucrative foreign students and there is a lack of centralized control by government to ensure that standards are maintained and fairness is achieved. England is trying to get its intellectual wealth on the cheap and in the resulting free-for-all it is only the most senior University staff who are winning out.”
The Federation of International Employers (FedEE) was established in 1988 with initial assistance from the European Commission. FedEE now operates on an independent basis from regional offices in the UK and Hong Kong. All its members are major multinational enterprises and it is currently chaired by the Ford Motor Company.

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