HP’s claims against Autonomy management and Mike Lynch just made us even more confused: Here’s who’s suing who April 1, 2015 After years of HP and the former management of Autonomy merrily hurling various threats at one another, yesterday HP finally made the first move, filing a lawsuit in the High Court alleging "fraudulent activity" by former Autonomy executives Mike Lynch and Sushovan Hussain. The move came after nearly three years of to-ing and fro-ing between [...]
Alternative lending deals rocket 43 per cent amid M&A flurry March 14, 2015 Non-bank lending jumped last year, with 195 deals in the UK and Europe, up 43 per cent from a year earlier. Mergers and acquisitions activity drove around 51 per cent of the deals, overtaking refinancing, when considering deals since the tracker began at end of 2012. "With increased confidence in the markets and wider funding options, we [...]
City Moves for 21 May 2015 | Who’s switching jobs May 20, 2015 LDC The private equity investor has appointed Simon Adcock as a portfolio director. Adcock, a qualified accountant with nearly 20 years of big four advisory experience, joins from Deloitte, where he was regional head of its corporate advisory business. He began his career at KPMG. Duff & Phelps The valuation and corporate finance adviser has [...]
UK aerospace and defence sector flies high amid booming sales June 10, 2015 The UK aerospace and defence sector enjoyed a record year last year, with industry pundits predicting the boom times will be here for a while. The UK currently controls 17 per cent of the sector’s market share – second only to the US. “We are in a global growth market which could top £3.6 [...]
Sorrell sets sights on Club Card company as WPP empire grows March 17, 2015 ADVERTISING firm WPP confirmed yesterday that it would be submitting a bid to buy a majority stake in data analysis company Dunnhumby. Chief executive Sir Martin Sorrell confirmed WPP’s intention to take the consumer insight firm off Tesco’s hands at the Deloitte Media and Telecoms conference. Sorrell is said to be interested in Dunnhumby as [...]
Former financiers have mixed political fortunes May 10, 2015 THE CITY’S alumni were well-represented in the General Election, with varying fortunes. Chis Chope – a former Ernst & Young consultant – kept the Christchurch Conservative safe seat he has held since 1997 and Sajid Javid – a former high flyer at Chase Manhattan Bank and Deutsche Bank – is tipped for a cabinet promotion [...]
Technology the biggest threat to European banking sector, says Deloitte June 23, 2014 Banks must begin a more radical transformation to adapt as technology threatens the traditional European retail banking model, according to Deloitte. In a report released today, Deloitte warns that while banks may "take comfort from their success in fending off the first internet-based challengers to their market", customer expectations are increasing and the challenges to [...]
Premier League clubs score a £190m record profit March 25, 2015 England’s leading football clubs have left their loss-making ways behind and entered a new era of profitability after mustering record-breaking pre-tax profits last season. Premier League teams registered a combined pre-tax profit in 2013-14 for the first time in 15 years, with the £190m figure almost four times the previous record of £49m, set during [...]
Grosvenor House Hotel up for sale as owner collapses into administration March 3, 2015 The iconic Grosvenor House Hotel in London has been put up for sale after its owner collapsed into administration. The luxury five-star hotel, located on Park Lane in Mayfair, is expected to go for more than the £470m than its owners Sahara Grosvenor House Hospitality initially paid five years ago – the largest London hotel deal [...]
Championship: Neil: Canaries can soar in top flight May 25, 2015 MIDDLESBROUGH 0 NORWICH 2 NORWICH manager Alex Neil believes his side can thrive in the Premier League next season after he wrote the latest chapter in his remarkable ascent by masterminding victory in the Championship play-off yesterday. Two goals in the space of three first-half minutes from striker Cameron Jerome and winger Nathan Redmond saw [...]