WISE BOSS FCA TAX PROBE
CITY watchdog the Financial Conduct Authority is investigating the co-founder of money transfer group Wise over a tax issue.
Wise revealed the FCA was looking at chief executive Kristo Kaarmann’s status as a so-called “deliberate tax defaulter”. The move comes after the 41-year-old was named and shamed by HMRC last year. It issued a £365,651 fine over £720,495 of unpaid taxes or duties in the year to April 2018. Wise, formerly TransferWise, floated on the London Stock Exchange last July in what was the largest London tech listing in history.
THE company behind fake tan St Tropez was left with a healthy glow yesterday after signalling a strong end to its year. Manchester-based PZ Cussons, which also makes Imperial Leather and Carex, said it expected to report sales of around £590million in the 12 months to the end of May.