A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
Everton takeover: Farhad Moshiri purchases 49.9 pc of the club after selling stake in Arsenal February 27, 2016 Everton will receive fresh investment after Britisih-Iranian billionaire Farhad Moshiri purchased 49.9 per cent of the Premier League club. The former Arsenal shareholder, who has a net worth of £1.3bn according to Forbes, beat Americans John Jay Moores and Charles Noell to a deal. Moshiri sold his 15 per cent stake in Arsenal to business partner [...]
EU referendum: Travel association Abta says uncertainty after Brexit vote would likely weaken the pound making holiday and business travel abroad more expensive March 14, 2016 The period of uncertainty following a Brexit vote would have an impact on the pound, making the cost of holidaying more expensive, as well as adding costs for UK businesses to buy abroad, the UK's largest travel association has said. In a report titled What Brexit might mean for UK Travel, Abta and Deloitte found [...]
Deloitte fine over MG Rover case reduced to £3m after appeal tribunal April 13, 2015 Deloitte has been fined £3m by a City watchdog over failures in the lead-up to the collapse of MG Rover a decade ago. The penalty is a significant reduction on an initial fine imposed last year, following an appeal by Deloitte and former partner at the firm Maghsoud Einollahi, the advisers who worked on MG Rover's sale [...]
Finance executives feel UK business outlook is bleak, and confidence is low across Europe in general November 16, 2015 More than a quarter (29 per cent) of UK chief financial officers (CFOs) feel less optimistic about the financial prospects of their business than they did three months ago, according to a Deloitte report released today. Of the UK CFOs questioned for Deloitte’s latest European CFO Survey, which surveyed a total of 1,298 CFOs across [...]
Business confidence dips as the City braces itself for a challenging 2016 January 4, 2016 The City is bracing itself for a tough 2016, with data out today showing that business confidence has taken a knock and finance chiefs are approaching the new year with caution. Lloyds Bank’s business confidence index – a gauge of expected sales, orders and profits – declined to a score of 38 per cent this [...]
One in five Brits has fallen victim to cybercrime in the last year, with a similar proportion having had their bank details stolen and used to make purchases November 23, 2015 One in five (22 per cent) Brits has fallen victim to cybercrime in the last year, according to a survey released today by security software company Norton by Symantec. The survey of more than 1,000 UK consumers also found that 44 per cent of people had suffered a cybersecurity incident at some point in their life. “We no [...]
What to expect from Sir Philip Green’s appearance before MPs tomorrow June 14, 2016 The day is almost here… Sir Philip Green himself will (probably) make his appearance in front of MPs tomorrow to explain his part in the sale of BHS. So far there have been allegations of death threats, tantrums, and dramatic confrontations in hotel lobbies. As David Buik, market commentator for Panmure Gordan & Company, put it: "Wednesday’s testimony [...]
City Moves for 10 December 2015 | Who’s switching jobs December 9, 2015 DELOITTE Business advisory firm Deloitte has appointed Andy Lees as a partner in its financial services team. He joins from Capgemini, the French management consulting corporation, where he was UK chief executive of its financial services business. Prior to this, Andy worked for Atos Consulting as a managing partner, after spending many years at KPMG [...]
UK manufacturing rounds off a poor 2015 with end-of-year stagnation February 10, 2016 The UK's manufacturing sector ended its decline toward the end of last year, but contracted over 2015 as a whole. Factory output was the same in the final three months of 2015 compared with the three months to September, the Office for National Statistics said this morning. The stagnation rounded off a poor year for the [...]