Businesses are not out of the woods just yet January 13, 2010 DAVID HUDSON LONDON HEAD OF CORPORATE INSOLVENCY, BAKER TILLY WHILE businesses fail during recessions, many also fail coming out, having spent the cash reserves during the hard times that they so crucially need when they have to grow again to serve a more confident customer base, against revitalised competition. The underlying message of Baker Tilly’s [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2010 Piper Jaffray The mid-market investment bank has poached Ian Wainwright from Canaccord Adams to join its corporate broking team as a principal. Wainwright has been a managing director at Canaccord since 2007, and was instrumental in building the firm’s life sciences franchise. Prior to that, he was in specialist biotech, medtech and pharma sales at [...]
SMOKING-HOT CUBANS LAUGH IN THE FACE OF A CIGAR SALES SLUMP February 23, 2010 CAVIAR, lobster, champagne and sports car sales have all been dwindling over the course of the downturn, so I suppose we really should have seen this one coming. Apparently, the latest luxury product to take a tumble is the Cuban cigar, synonymous with bulging wallets the world over – which saw an eight per cent [...]
CITY MOVES | WHO’S SWITCHING JOBS January 13, 2010 Smith & Williamson The professional services group has appointed Vivienne Oliver as an associate director in its restructuring and recovery services team. An 18-year veteran of Ernst & Young, where she worked on formal appointments, divestments, restructurings and wind-ups of investment trusts and funds, Oliver also formerly worked as a director at Baker Tilly. She [...]
Negotiation is the only way to resolve pension scheme trouble November 25, 2009 BAKER TILLYBRUCE MACKAY FOR all but a lucky few, final salary pension provision is rapidly becoming a thing of the past. Already in inexorable decline as companies struggled to manage the escalating costs of gold-plated pension schemes, the recent challenging economic environment has accelerated fund closure, and not just for new members but to all [...]
ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]
ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]
Aim stock valuations on rebound in third quarter October 25, 2009 LIGHT is on the horizon for small cap investors after stock valuations on the Alternative Investment Market (Aim) showed a strong rebound in the third quarter of the year. The total Aim market capitalisation has risen 50 per cent to £56.6bn since the end of last year, with 27 per cent of this increase being [...]
Aim stock valuations on rebound in third quarter October 25, 2009 LIGHT is on the horizon for small cap investors after stock valuations on the Alternative Investment Market (Aim) showed a strong rebound in the third quarter of the year. The total Aim market capitalisation has risen 50 per cent to £56.6bn since the end of last year, with 27 per cent of this increase being [...]
WHAT IS THE OUTLOOK FOR ACTIVITY ON THE AIM MARKET? September 20, 2009 JUDITH MACKENZIE ACUITY CAPITALAim has fallen heavily and this is more of a bounce than a correction. However, I’m pessimistic on the prospects for Aim. There has been some cash coming into the market recently, but the macro environment is still negative and the smaller firms in particular will continue to struggle.CHILTON TAYLOR BAKER TILLYUltimately [...]