China to fuel fresh boom in TV income for English clubs June 4, 2014 ENGLISH football is on course for a Chinese invasion that is likely to propel top clubs’ already rocketing income to even giddier heights, industry experts have predicted. Despite the majority of teams now being foreign-owned, including Abu Dhabi-bankrolled Manchester City, China, the world’s second largest economy, is yet to flex its muscles in the Premier [...]
Tesco’s week from hell: £250m black hole, 16 per cent fall in share price since Friday September 26, 2014 Was this the week Tesco hit rock bottom? Having discovered a huge black hole in its finances, shares have fallen from Friday's closing price of 229.6p, to a low of 191.23p in early morning trading today. That's a fall of almost 17 per cent. Here's a handy, cut-out-and-keep guide to Tesco's week from hell Monday [...]
City Moves for 29 July 2014 | Who’s switching jobs July 28, 2014 Lowendalmasaï Francis Mainoo has been appointed UK head of corporate development at the enterprise cost consultancy. He was previously head of London business development at Grant Thornton, and Mainoo has also held positions at Merrill Lynch and EY. Results International The M&A adviser to the marketing services, technology, and healthcare sectors has announced the promotion [...]
UK manufacturing and industrial firms set to consolidate this year May 29, 2014 ALMOST three quarters of UK-listed manufacturing and industrial companies expect M&A activity to increase this year, according to a new report released yesterday. Interest from private equity firms will be the primary driver for this, according to nearly 44 per cent of the executives surveyed by Deloitte in its bi-annual manufacturing and industrials M&A predictions [...]
Gerard Grech: Three things you didn’t know about the Tech City UK CEO June 23, 2014 Chief executive of Tech City UK Gerard Grech 1 His passion has always been the fusion of art and technology and he was part of the team that launched one of the world’s first smartphones – the Orange SPV – in 2002 . 2 His first record turntable was an upright version, which cost £20 [...]
Tesco in turmoil: Share price dives after £2bn is wiped off market value September 22, 2014 Britain’s largest retailer suspends four executives and launches probes after £250m profit overstating debacle. Tesco shares plunged 12 per cent yesterday after the embattled supermarket chain admitted that an error in its accounts meant profits for the last six months would be £250m lower than expected. The retailer has suspended four senior executives, [...]
We have far more time for leisure than our parents – so why are we so stressed? August 25, 2014 It seems a common refrain that modern life is busier and more hectic than ever – and this can feel especially true on the first day back at work after a Bank Holiday. But the hard data tells a different story. The work week has fallen significantly across industrial countries over the last 40 years. [...]
Visa’s Valerie Dias in a daze at Asian Woman Award triumph June 4, 2014 VISA Europe’s chief risk officer Valerie Dias was taken by surprise in winning the Finance Award at the Asian Women of Achievement awards at Park Lane’s Hilton last night, saying she was surprised to even be nominated. “I was a reluctant participant when my team put me forward – I didn’t think I was worthy,” [...]
City Moves for 18 July 2014 | Who’s switching jobs July 17, 2014 Keystone Law International corporate lawyer Francesca Lee is joining the law firm. She has previously held senior legal roles with Shell Hong Kong and General Electric Capital Corporation. Lee is particularly experienced in cross-border and international mergers, sales, acquisitions and joint ventures. Latham & Watkins London partner Bill Voge has been elected global chair and [...]
Deloitte hit by record fine for MG Rover work September 9, 2013 DELOITTE has been fined a record-breaking £14m and slapped with its first ever severe reprimand from the accountancy watchdog for failing to manage conflicts of interest when advising MG Rover and its owners. An independent tribunal for the Financial Reporting Council agreed with 13 allegations of misconduct in Deloitte’s role in the run-up to the [...]