Biggest IPOs of 2015, including Aldermore, The Gym Group, Shawbrook, Worldpay and Auto Trader, have beaten the FTSE 100’s performance December 2, 2015 The volatile markets this year have not been ideal for company flotations. But despite this, the 28 biggest IPOs in the UK this year have beaten the FTSE 100 by 21.2 percentage points, generating an average return of 17.2 per cent according to Deloitte An investment of £1,000 in each of the 28 IPOs would now be worth £32,811, whereas a £1,000 investment [...]
Tottenham get planning permission for new £400m stadium – pictures of how their new ground may appear December 17, 2015 Tottenham have been given the green light to build the biggest club stadium in London, after Haringey Council approved plans for the new 61,000 capacity ground. Spurs were waiting on the council's verdict for three applications before pushing ahead with the £400m development which they hope to have ready for the 2018-19 season. Read more: In [...]
Panic Saturday is here: 12.6m Britons hit the shops for busiest day of Christmas shopping as sales start early at M&S, Sports Direct, H&M, Argos and Sainsbury’s December 19, 2015 Brace yourselves, Panic Saturday is here. If you still haven’t bought your Christmas presents, be prepared for crowds. A stampede of last minute Christmas shoppers are bearing down on UK retailers today, making it the busiest day of this year’s Christmas shopping. 12.6 million Britons are forecast to hit the shops, spending over £1.1bn on [...]
Deloitte names Cathy Engelbert as first female chief executive February 9, 2015 Cathy Engelbert has been made the new chief executive of Deloitte LLP – Deloitte’s US branch. From 11 March, Engelbert will be the first female chief executive of a major US accounting firm, where she will take the helm for four years. She joined Deloitte LLP in 1986 and currently heads up the firm’s auditing division. She [...]
Hours lawyers work on the up as Big Four and other accountancy firms muscle in on legal turf, with partners putting in 263 hours more this year than they were in 2014 January 25, 2016 Partners at law firms in the UK are expected to clocked up 263 more hours in the office this year than they did in 2014, as accountants and other professionals have crept in on their territory. According to research published today by legal recruiter Laurence Simons, law firm partners will work an average of 2,622 [...]
IG Group Holdings share price down after company reports small dip in profit but also net trading revenue growth in half year results January 19, 2016 IG Group Holdings today revealed profit before tax of £98.6m for the six months ended 30 November 2015, down 2.8 per cent from £101.4m last year. Despite this, net trading revenue growth for the derivatives trading company was stronger, increasing 8.8 per cent to £214.8m, up from £197.4m the year before, while new client numbers were ahead of the company's prior [...]
Here’s why investors should’ve bet on stock market floats last year: IPOs beat the FTSE 100 in 2014 October 13, 2015 Plucky investors looking to make a quick buck should've stomached the risk and brought companies that floated last year, as their shares outperformed the FTSE 100. New research by accounting firm Deloitte shows that the 30 IPOs which completed in 2014 generated an average return of 12.4 per cent, outperforming the FTSE 100 by 14.4 [...]
City Moves for 13 November 2015 | Who’s switching jobs November 12, 2015 SAVILLS The property consultancy has appointed Derek Moir as a director in its building and project consultancy team. He has over 27 years’ experience in the property sector, and is returning to Savills after seven years in China, where he was head of Turner & Townsend’s Beijing office. DELOITTE Jason Warnes has been appointed partner [...]
Manchester United accounts: Incredible growth in club’s financial might revealed in results from 1969 January 28, 2016 No club better symbolises the size and scale of today's football industry than international mega-brand Manchester United – and leaked figures from the club's 1969 accounts reveal just how much they've grown. In Sir Matt Busby's final season as manager, the club paid out £204,028 in "wages and bonuses" to a star-studded squad that included [...]
Barclays’ share price fall and profit losses and Sports Direct’s looming FTSE demotion remind us of the lasting impact of corporate failings March 2, 2016 Barclays has hit the headlines again with news of a dramatic fall in share prices and profit losses. Like many of the world’s big banks, the organisation has been hampered by sins of the past, which have eroded employee and consumer trust. Its response has been one of drastic internal restructuring, and assertions of a new approach [...]