Saturday, 4th July 2009

Business from the Jersey Evening Post

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Financial services spend £610m

Head of the States Statistics Unit Duncan Gibaut

THE Island’s finance sector spent a total £610 million on goods and services last year, according to the latest annual statistics.

AIB: ‘No job cuts in Jersey’

Bond economist Olivier Mangan addresses the breakfast seminar delegates. Picture by Tony Pike (00731036)

THE ‘Celtic Tiger’ is going through an unprecedented decline – and recovery is likely to be slow, specialists on the Irish economy said yesterday at a seminar in Jersey.

Finance profits up to £1.5bn

The head of the States Statistics Unit, Duncan Gibaut

Jersey’s finance industry increased profits by four per cent during 2008, to £1.5 billion.

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£8m earmarked for jobs scheme

ISLAND employers are being asked to provide work experience for unemployed school leavers for up to six months.

Enterprise masterclass focuses on customer care

A JERSEY Enterprise masterclass on customer care is to be held at the Royal Yacht Hotel later this week.

Credit card regulations warning

Businesses which accept customer payments by credit card must heed recent warnings about the dangers of printing bank details on receipts.

Tax plans ‘will have limited impact’

A TAX expert at RBC Wealth Management says that the promised increase in tax information exchange on the part of the Crown Dependencies ‘will not make a huge difference’ to a majority of high net worth taxpayers.

Pasty chain deal struck

THE traditional Cornish pasty is coming to Jersey.

Tax: New era of openness

Jersey has plans to move to automatic exchange of tax information by 2011.

Businessman cleared of UK drugs charge

A MILLIONAIRE businessman from Jersey has been found not guilty of conspiring to export £144,000 worth of cannabis into the Island following a ten-day trial in the UK.