Alternative lending volumes at record levels in third quarter December 21, 2014 ALTERNATIVE non-bank lenders recorded a 109 per cent increase in deals in the UK and Europe for the third quarter of this year, according to research from business advisory and accountancy firm Deloitte. Deloitte’s alternative lender deal tracker recorded 73 deals for the quarter, the highest volume on record and over double the 35 for [...]
Aston Martin finance chief Hanno Kirner quits to take new post at Rolls-Royce February 2, 2015 Aston Martin’s chief financial officer has quit the luxury car-maker to take up the same position at Rolls-Royce’s land and sea division. Hanno Kirner, who had been with James Bond’s brand of choice since 2010, has been immediately replaced by Vikram Bhatia, who the company praised for his Deloitte training and “more than 30 years’ [...]
Newcastle named the 19th richest club in the world – but how much of Mike Ashley’s money goes on transfers? January 22, 2015 Newcastle United are the 19th richest football club on the planet. In an era in which St. James’ Park has become synonymous with fan discontent, that seems tough to believe. Yet according to Deloitte’s Football Money League for the 2013/14 season, the north east club made more cash than European giants such as Roma, [...]
Liverpool out of the red as new TV deal heralds return to profit March 2, 2015 LIVERPOOL overturned a loss of £50m to report a small profit for the first time in seven years last season, the Anfield club said yesterday. The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared to losses of £49.8m the previous year, while revenues increased by 19 per cent [...]
Recovery takes UK employment to all-time high with 30.94m people in work March 18, 2015 A record proportion of Britons are in work, providing a timely boost to chancellor George Osborne ahead of May’s General Election. There were 30.94m people in work in the three months ending January – 617,000 more than the same period last year, according to figures released yesterday by the Office for National Statistics. The employment [...]
Tesco probed over supplier mistreatment February 5, 2015 TESCO could be “named and shamed” if found guilty of breaching supplier rules, the grocery industry’s watchdog Christine Tacon said yesterday after launching her own investigation into Britain’s biggest supermarket chain. The retailer sent shockwaves through the industry in September when its new chief executive Dave Lewis revealed profits had been overstated by £263m following [...]
Academies to benefit from clubs’ profits March 25, 2015 Teams tipped to invest in new stadia League more attractive to investors PERHAPS it is pertinent that the Premier League’s emphatic return to profitability after 15 years is confirmed on the day that its club chiefs meet to discuss decisions that could shape the next decade or more. Today in London Football Association chairman Greg [...]
Why the next government must not take economic recovery for granted May 7, 2015 With results still likely to be trickling in from yesterday’s General Election, it is worth reminding ourselves that, whichever party – or combination of parties – ends up forming the next government, they will be faced with the same economic conditions. By and large, these are fairly good. But the recovery should not be taken [...]
Deloitte opens digital office in the capital’s technology district April 28, 2014 DELOITTE has followed KPMG, Tesco and William Hill by moving its digital operations team into the heart of London’s Tech City with a new office in Clerkenwell. The business services firm said it will move 170 staff from its 400-strong UK digital division into the new office on Clerkenwell Green. “If you look at how [...]
City Moves for 20 March 2015 | Who’s switching jobs March 19, 2015 Baker Tilly The audit, tax, and accountancy firm has appointed Rowan Williams as head of its professional services group. She joined Baker Tilly in 2009, and has led its London business advisory team and its professional services group in London and the South. Old Mutual Wealth Mary-Anne McIntyre has been appointed chief distribution officer at [...]