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UK finance minister Hunt to attend meeting with North Sea execs -sources

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UK finance minister Hunt to attend meeting with North Sea execs -sources

LONDON, Dec 7 (Reuters) – British finance minister Jeremy Hunt will attend a gathering on Friday with leaders of North Sea oil and gasoline producers to debate the federal government’s windfall tax, three trade sources advised Reuters on Wednesday.

Hunt final month introduced plans to spice up the Vitality Income Levy (EPL) on oil and gasoline corporations from 25% to 35%, bringing the entire taxes on the sector to 75%, one of many highest charges on the planet.

Friday’s assembly, which shall be held in both Aberdeen or Edinburgh, shall be attended by senior representatives from greater than a dozen North Sea producers in addition to trade our bodies, in accordance with an inventory seen by Reuters.

Hunt can also be anticipated to attend the assembly, together with senior officers from the Division for Enterprise, Vitality and Industrial Technique (BEIS).

Britain’s finance ministry didn’t instantly reply to a request for remark by electronic mail.

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Oil and gasoline trade executives warned that the brand new tax risked a flight of capital from the ageing basin at a time when the federal government is attempting to extend Britain’s power safety.

Executives have urged the federal government to introduce a value ground to the EPL to permit secure investments.

Reporting by Ron Bousso and Shadia Nasralla; Enhancing by Alex Richardson

Our Requirements: The Thomson Reuters Belief Ideas.

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Former Central SC Habitat for Humanity finance director accused of embezzling COVID funds

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Former Central SC Habitat for Humanity finance director accused of embezzling COVID funds

COLUMBIA, S.C. (WIS) – The former Finance Director for Habitat for Humanity of Central South Carolina pled guilty to one count of embezzling COVID-19 relief funds.

According to a federal filing, Ashley Clark Ingram is accused of taking more than $388,000 of coronavirus relief funds owed to Central South Carolina Habitat for Humanity.

An internal investigation found Ingram was “misappropriating funds,” according to a statement from William Jeter, treasurer and president-elect of Central South Carolina Habitat for Humanity Board of Directors.

The statement said the third-party investigation found the funds were missing “as the result of ill-intent of this individual who overrode” what was described as “inadequate controls” in the non-profit’s system.

After leaving her job at Habitat for Humanity, Ingram worked for the ACLU of South Carolina as their Finance and Operations Director, an archive of the ACLU’s website shows.

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A spokesperson with the ACLU confirmed Ingram is no longer employed there.

Ingram also previously worked as the accounting manager at Cactus Family Farms in Orangeburg, her biography says.

As part of the plea agreement, Ingram has agreed to surrender all assets, property and possessions purchased using the COVID-19 relief funds.

“The majority of the misappropriated funds have been recovered, and Central South Carolina Habitat anticipates it will fully recover all funds in the near future,” the statement from Jeter said.

Ingram will appear in the federal courthouse in Columbia before Judge Mary Geiger Lewis to receive bond and have a plea hearing.

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9fin hires Kerry McClelland as VP Finance

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9fin hires Kerry McClelland as VP Finance
  • 9fin has further expanded its senior leadership team by hiring Kerry McClelland as VP Finance
  • The company now has nearly 200 employees across three global offices and continues to grow its team

NEW YORK, June 14, 2024 /PRNewswire/ — 9fin (https://9fin.com/), a news and analytics platform for debt capital markets, has announced the hire of Kerry McClelland as its first VP Finance.

As VP Finance, Kerry will be responsible for shaping 9fin‘s financial operations and strategy as the company continues to scale through 2024 and beyond.

Kerry has a wealth of experience, having previously worked as a CFO for Fiit, a leading B2B SaaS fitness app. She also has a strong understanding of capital markets from her time at HSBC and Europa Capital; this new role marks her return to the world of corporate finance.

This hire comes as 9fin has expanded its team to nearly 200 people, and follows the recent opening of its third global office hub in Belfast.

Kerry will report directly to 9fin‘s CEO and co-founder Steven Hunter.

Kerry said:

“I’m really excited to return to the leveraged finance domain — and what better way to do it than by joining 9fin? It’s a great opportunity to sink my teeth into something new, but in an industry I’m already familiar with, and which perfectly combines my banking and SaaS backgrounds. I’m looking forward to leading a stellar team and building out a strategy that helps us grow sustainably and successfully.”

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Steven said:

“We’ve rapidly grown from a startup of 10 people in a small office in London to nearly 200 employees across three global offices. I’m delighted to welcome Kerry to our leadership team. Her expertise will be instrumental in helping us build a best-in-class finance function and I look forward to working closely with her.”

For more information, or to arrange an interview with Kerry McClelland or Steven Hunter, contact Sanaa Siddiqui, +447421329653, [email protected]

About 9fin

9fin is the faster, smarter way to find intelligence on leveraged credit. Our AI-powered data and analytics platform centralises everything that’s needed to analyse a credit or win a mandate in one place, helping subscribers win business, outperform their peers, and save time. 9fin is trusted by the largest asset managers in the world, leading law firms and advisers in debt capital markets, and nine of the top 10 investment banks.

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Photo: https://mma.prnewswire.com/media/2438770/9fin.jpg

SOURCE 9fin Limited

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Westfield-Barnes Airport revenues rising, manager tells Finance Committee

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Westfield-Barnes Airport revenues rising, manager tells Finance Committee

WESTFIELD — Revenues at Westfield-Barnes Regional Airport are up 40% over the past year, which had City Council Finance Committee members this week suggesting that the Airport Department could be on the path to self-sufficiency.

Airport Manager Christopher Willenborg reported at the June 12 meeting of the Finance Committee that the increase in receipts has to do with the addition of a new hangar, new leases and rental adjustments. He said the airport also hired an outside company to collect landing fees, and exceeded its anticipated income for the year.

He said at the end of 2023, takeoffs and landings were up 3% to total 54,000, and this year is trending to a 4% increase, even with very low January numbers. He said Barnes Airport is the preferred airport for University of Massachusetts Amherst athletics, and processed 3,800 student athletes, another big revenue source.

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