Canadian pension fund Ivanhoe Cambridge buys Deloitte’s London HQ Stonecutter Court for £112m December 8, 2014 Canada's second-largest pension fund has bought Deloitte’s City offices from Hines Global Reit for £112m as it looks to step up its exposure to the London office property market. Ivanhoe Cambridge, the real estate arm of Canada’s Caisse de depot et placement du Quebec, said yesterday it has bought Stonecutter Court near Holborn. [...]
Former Tesco chief executive Philip Clarke to be quizzed by Serious Fraud Office August 28, 2015 Former Tesco boss Philip Clarke is set to be grilled by the Serious Fraud Office (SFO) as part of an investigation into the supermarket chain’s multi-million pound accounting black hole. The UK prosecutors have also called in ex-commercial director Kevin Grace for questioning, according to people with knowledge of the matter cited by Bloomberg. Read [...]
British retailer Next is the latest FTSE giant to invite companies to compete for its audit contract September 13, 2015 Recent regulatory changes have seen blue-chip companies enter an audit merry-go-round, with big names like Shell, British American Tobacco, Vodafone and RBS changing accountants. PwC, the market leader, is expected to lose out under the new rules, but chairman Ian Powell commented: “It’s obviously a challenge to the business, but actually our experience so far [...]
London stock market flotations outpace FTSE 100 performance June 28, 2015 NEWLY listed companies have performed marginally better than the FTSE 100 benchmark so far this year, according to a half-year roundup of initial public offerings (IPO). The 16 floats this year (see right) have returned 17.8 per cent on average, according to Deloitte, 18.4 percentage points ahead of the FTSE 100. It means £1,000 invested [...]
Wolseley gives PwC the flush June 22, 2015 THE WORLD’S largest plumbing supplies group Wolseley yesterday said it was changing auditors and hiring Deloitte to carry out its statutory audits, instead of rival PwC. PwC has been the FTSE 100 company’s auditor since before it was listed in 1961 and the change, which is subject to approval by shareholders at the 2015 AGM, [...]
City Moves for 22 July 2015 | Who’s switching jobs July 21, 2015 Mount Anvil The property developer has appointed Adam Leach as senior development manager in its acquisition team, focusing on land-buying in central London. He joins from Berkeley Homes, and has also held roles at Generator and JLL. Oppenheimer Europe The investment bank has announced the launch of a debt capital markets and syndication business, appointing [...]
Figures reveal more UK firms turning to shadow banking June 7, 2015 NON-BANK lenders recorded 50 deals in the UK and mainland Europe in the first three months of 2015, financing 33 takeovers. Alternative lending is on the rise in the UK, with 28 of those 50 occurring in Britain, financial services giant Deloitte said today in its Alternative Lender Deal Tracker. These lenders range from larger [...]
The UK is great at supporting startups – so why can’t we do the same with scale-ups? November 6, 2015 The last five years have seen an unprecedented growth in the number of new, registered companies and we have now surpassed the rate at which even the United States produces startups. This is terrific progress, but when these businesses grow and try to move to the next stage – be that taking on more employees, [...]
Manchester United’s Anthony Martial deal will take Premier League summer transfer window spend to record level September 2, 2015 Premier League clubs will today set a new record for summer transfer window spending, after Manchester United agreed a £36m deal for Monaco teenager Anthony Martial yesterday. Read more: Manchester United and Manchester City account for over a third of all Premier League transfer spend Clubs had already shelled out around £730m – fractionally short of [...]
July Budget 2015: Are you an entrepreneur, an apprentice or a single parent? What does George Osborne’s statement mean for you? July 8, 2015 THE SINGLE PARENT Catherine Gannon, 51Managing partner at law firm Gannons Gannons Commercial Law continues to do well, with profits and earnings up on last year. Catherine is commercially savvy and has restructured the business from an LLP to a limited company, illustrating that she is a smart operator in a segmented legal [...]