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Good news only, please

Further good news is that Rolls Royce has won a $2.7Bn order from budget carrier Norwegian Air for a package of new Trent 1000 engines and service support for 19 new 787 Dreamliner aircraft. This is just as well because it looks like the order book for Rolls Royce limousines to oil Sheiks will be slowing down. What a shame.

This week, Google, which is now part of our day-to-day language and activity, showed an impressive share rise by 6%. This pushed its market capitalisation above Apple making it the most valuable Company in our solar system, and possibly beyond.

Lastly, Mark Carney, Governor of the Bank of England has said UK interest rates will remain low until well into next year, and I know many of you will be unhappy about that. Would you like to be happy again? Call us as we have several solutions and will find one that suits you and your circumstances best.

‘Til next time, I’m off for a drive with the family, because I can and cheaply.

Time for action? Call us.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Spanish Tax Office’s Gibraltar crackdown

50 Euro NoteSpanish newspaper ABC has reported that tax authorities in the country are cracking down on expats who fraudulently claim Gibraltar residency for the purposes of wealth management.

Apparently the measures have already led to the collection of €20 million from 160 high-net-worth individuals (HNWIs) claiming residency in Gibraltar when in fact they lived in nearby Andalucía. This meant that, on average, €125,000 was collected from each HNWI.

Jorge Ramírez, a representative of the Tax Agency in Andalucía, told the newspaper, “A tracking system was used to collect verifiable documentary evidence, and we found some Gibraltarians whose primary financial interests were actually entirely situated in Spain.”

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Investment Cons and Misleading Deals

Blacktower FM News

Social Media is now a prime area that investment scams are targeting.  Be careful of very clever advertising using your friends to lure you in.  

I am came across one very recently on Facebook where a friend of mine had supposedly ‘liked’ a company that claimed to compare rates of investment interest from all providers available for Expats in Spain.  The rates offered looked extremely good, as an IFA I am supposed to know all the best rates available so I was intrigued to know more.

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