Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom September 20, 2018 Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]
Vicious cycle: Bike chain in hunt for rescue buyer as retail woes loom September 20, 2018 Cycle Evans is ramping up efforts to find a buyer amid mounting fears that the retailer could be the latest victim of this year’s high street bloodbath. Potential bidders for the embattled bicycle chain have been asked by advisers to put forward any final takeover offers by the end of next week, according to Sky [...]
Over-50s holiday and insurance company Saga hires new finance boss from Zurich September 20, 2018 Saga has ended its six-month search for a chief financial officer with the hire of James Quin from Zurich. Quin, who will join on 1 January, will become Saga’s chief financial officer (CFO) and executive director. He joined Zurich in 2013 from PwC and prior to that was a managing director at Citi where he [...]
Over-50s holiday and insurance company Saga hires new finance boss from Zurich September 20, 2018 Saga has ended its six-month search for a chief financial officer with the hire of James Quin from Zurich. Quin, who will join on 1 January, will become Saga’s chief financial officer (CFO) and executive director. He joined Zurich in 2013 from PwC and prior to that was a managing director at Citi where he [...]
The pressure is on to fix the broken audit market November 14, 2018 Accountancy may be “an art, not a science”, but there needs to be less “Jackson Pollock”. That’s according to the Labour MP Rachel Reeves, chair of the Business, Energy and Industrial Strategy Select Committee, who has made it her mission to fix the broken audit market. The Big Four firms (PwC, Deloitte, EY, and KPMG) are [...]
What will float investors’ boats in 2019? December 6, 2018 This year has been a good period for new listings, although recent volatility has put others off. While the easy days are behind us, sensibly priced issues are still likely to be popular. Data from PwC shows we saw 173 initial public offerings (IPOs) to the end of September, raising over $40bn (£31.4bn) and up [...]
Pressure mounts on the CMA to break up accountancy’s Big Four October 1, 2018 The UK’s competition body has been told to “bare its teeth” and investigate breaking up the Big Four accountancy firms, as it prepares to announce a decision on whether it will investigate the sector. Three senior politicians from across the main parties have called on the Competition and Markets Authority (CMA) to find ways to [...]
US Treasury secretary Steven Mnuchin withdraws from Saudi conference over missing journalist October 18, 2018 The US has joined the UK, France and the Netherlands in withdrawing from a high profile Saudi investor conference amid the disappearance and alleged murder of journalist Jamal Khashoggi. US Treasury secretary Steven Mnuchin said that following a meeting with Donald Trump and secretary of state Mike Pompeo, he would not be attending the Future [...]
Business secretary Greg Clark orders competition watchdog to carry out review of audit sector September 29, 2018 Business secretary Greg Clark has ordered the competition watchdog to carry out a sweeping review of the UK's audit sector. In a year when the Big Four audit firms have been hit by numerous scandals, Clark has told Andrew Tyrie, head of the Competition and Markets Authority (CMA) to carry out the review into competition in [...]
UK economy grows at fastest rate in two years but longer term growth subdued November 9, 2018 The UK economy grew at its fastest rate in two years in the three months to September after a strong summer. GDP grew by 0.6 per cent in the third quarter of the year, up from 0.4 per cent in the three months to July, the quickest economic expansion since the end of 2016, according [...]