UK’s largest private firm Ineos agrees $1.1bn deal for boatbuilding supply business November 15, 2018 The UK’s largest privately owned firm Ineos has signed a $1.1bn (£850m) deal to buy the composite business of Ashland Global Holdings, which produces composite resins for use in boat building. Ineos, which was founded by the UK’s richest man Jim Ratcliffe, has acquired Ashland’s 20 manufacturing sites in Europe, North and South America and the [...]
The UK’s top law firms are relying on foreign exchange movements to boost their growth figures, according to PwC data November 13, 2017 The UK’s largest global law firms have generated significant amounts of growth in 2017 not through innovation or new business, but through foreign exchange movements, according to a PwC survey. Currency movements resulting from a weaker sterling caused a 4.9 per cent growth in fee income for the UK’s global top 10 firms, PwC’s 2017 [...]
City moves for 14 January – who’s switching jobs at Robeco, Greenberg Traurig and Aminex? January 14, 2019 Who’s moving roles today? Robeco Robeco, the pure-play international asset manager, has appointed two senior members to its global fixed income macro team. Jamie Stuttard joined the team as co-head of the global fixed income macro team and fixed income strategist. Regina Borromeo (pictured) joined the team as portfolio manager. Jamie will co-manage Robeco’s global total [...]
Karen Millen buys Coast after collapse but 300 jobs still at risk October 11, 2018 Fashion retailer Coast has collapsed into administration, putting an estimated 300 jobs at risk. Retail rival Karen Millen has bought the brand’s website and UK department store concessions, it announced this evening, however all 24 stand alone Coast outlets and European concessions will close. Read more: Retail sales growth slumps after bumper summe A total of [...]
HS2 will cost taxpayers 25 per cent more than similar schemes abroad, says leaked report October 18, 2018 High Speed Two (HS2) will end up costing taxpayers 25 per cent more than similar projects in other countries, a leaked report has said. HS2 is projected to cost £56bn and will link London to the north in two phases: the first phase will link London to Birmingham and is set to open in 2026, while phase two [...]
Ollie Phillips: Ireland are favourites but the opening round could shape a tight Six Nations January 31, 2019 The Six Nations finally gets under way tomorrow and the fixture list has thrown up some fascinating ties to kick off with. England travel to Dublin to face defending champions Ireland on Saturday, which I think might actually prove to be a blessing rather than a curse as there is little pressure to improve their [...]
Audit’s perfect storm: How bean counters found themselves at the centre of a public uproar October 21, 2018 On the the surface, there is little reason for audit to get the blood pumping. The reality, however, is quite different, and threatens to present the sector’s biggest players – sprawling multi-nationals used to finding that all news is good news when you count the beans – with the toughest challenge they have seen in [...]
Lehman lives: Administrators approach the end of the road a decade on September 13, 2018 It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]
Lehman lives: Administrators approach the end of the road a decade on September 13, 2018 It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]
Ollie Phillips: Brilliant England need to prove Ireland performance was not just a flash in the pan February 7, 2019 What a difference one match makes. England’s outstanding win over Ireland was a performance which saw them emphatically back to their best, displaying their true potential. It was the perfect way to start the Six Nations and a World Cup year, with intensity, physicality, accuracy and pace which out-did one of the best teams in [...]