Markets
London - UK stocks closed higher on Monday, recouping some of last weeks losses, as energy stocks tracked crude prices higher and defensive drug makers gained. The FTSE100 closed 46.4 points higher at 5667.2. Crude oil prices were up $1.46 to $136.82, edging towards their record near $140 a barrel as tension between Iran and Israel countered the impact of Saudi Arabia’s pledge to pump more oil, and a vow by Nigerian militants to halt attacks. Royal Dutch Shell rose 1.5 percent, BP gained 1.8 percent and Centrica jumped 2.4 percent.

Posted: June 24th, 2008 under Asset Management.
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The Companies Act 1985 required every company to have a company secretary.
The Companies Act 2006 (with effect from April 2008) provided that private companies were no longer required to have company secretaries.
The changes brought about by the 2006 Act do not prevent a private company from having a company secretary and it is [...]

Posted: June 23rd, 2008 under Corporate Finance.
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A new method of document execution was introduced by the Companies Act 2006 in April 2008. The new method allows a company to validly execute a deed or document where:

it is expressed to be executed by the company; and
it is signed on behalf of the company by a director in the presence [...]

Posted: June 23rd, 2008 under Corporate Finance.
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Markets
London - The London market ended a dire week with some hefty losses on Friday as more gloom for the banking sector and rising oil prices cast a cloud over the final session. Analysts hit HBOS with an earnings downgrade following the group’s trading update yesterday, knocking it and rival shares into the red. Oil also reasserted itself above the $135-a-barrel mark, prompting a flight from the travel sector and leaving the FTSE 100 Index down 87.6 points to 5620.8 at the close.

Posted: June 23rd, 2008 under Asset Management.
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Markets

London - UK stocks closed lower on Thursday as banks fell on concern over asset quality and oil stocks tracked soft crude prices, though sales data lifted retailers and firmer metal prices supported miners. The FTSE100 closed 48.5 points lower at 5708.4 in a volatile session.

Posted: June 20th, 2008 under Asset Management.
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