Hotels back on investors’ lists as transactions reach six-year high January 12, 2014 HOTELS are back in vogue with investors, according to research out yesterday by Deloitte, which shows that hotel deals in 2013 were at their highest in six years. UK hotel transactions totalled around £800m in the second half of 2013, up 66 per cent on the same period last year and taking deals for the [...]
City Moves for 20 March 2014 | Who’s switching jobs March 19, 2014 Deloitte The professional services company has announced the appointment of Craig Robinson as head of neighbourly matters in its real estate division. He has 20 years’ experience as a chartered surveyor, and was most recently at Savills, where he established and led its rights of light team. Spring Law The law firm has appointed Sven [...]
Three things you didn’t know about… February 2, 2014 Deloitte’s Head of Real Estate Andrew Rothery 1 He bought a £35,000 bespoke camper van for his wife’s birthday a few years ago. It’s lowered, comes with chrome wheels, lilac leather seats and a huge sound system. The insurance company laughed at him when he tried to insure it. 2 He goes to Glastonbury every [...]
Finance bosses think companies are ready to splash out this year January 6, 2014 CHIEF financial officers at Britain’s biggest companies say UK firms are happy to spend money this year as lending conditions improve and hopes rise about the economy. Seven in 10 finance bosses expect UK firms to hire more this year, while 65 per cent predict higher capital expenditure and 46 per cent believe discretionary spending [...]
City Moves for 10 March 2014 | Who’s switching jobs March 10, 2014 Shoosmiths The law firm has appointed Amanda Howlett as a partner in its EU and competition team. She specialises in contentious and non-contentious competition law. Howlett was previously head of competition at Pannone. HedgeGuard The asset management technology company has hired Richard Hutton to its family office business. He has over 10 years’ experience, and [...]
UK companies sitting on cash December 17, 2013 BUSINESSES in the UK racked up £69bn of unproductive cash in 2012, an eight per cent increase on 2011, a new report from Deloitte has found. The money is equivalent to a cash injection worth five per cent of the businesses’ total income and is largely the result of inefficient financial and operational practices. Andrew [...]
City Moves for 12 March 2014 | Who’s switching jobs March 11, 2014 MHA MacIntyre Hudson The accounting firm has announced the appointment of Sarah Jarvie as a manager in its restructuring and recovery team. She has over 15 years’ experience, and was most recently at KPMG. PwC The professional services firm has appointed two data analytics partners to its financial services risk and regulation team. Nick Bouch joins [...]
Could Megaupload’s Kim Dotcom spark an entrepreneur album trend? January 21, 2014 (Kim Dotcom) Kim Dotcom, the founder of the now shut down internet sensation Megaupload, is a fan of an anniversary. The entrepreneur/hacker/DJ, who at 6’7” could himself be described as “mega”, has celebrated the two year anniversary of the day the FBI raided his New Zealand home and closed his file sharing site, by [...]
UK business optimism at 20-year high January 6, 2014 Three major business surveys out today have shown that companies of all sizes are growing in confidence over their ability to grow sales, exports and profits. In fact, they're more optimistic this year than they've been over the last twenty, said Lloyds' external relations head Stephen Pegge to the BBC. A survey of over 1,500 [...]
Game’s court case sees “pay as you stay” introduced February 24, 2014 The Court of Appeal has made a big change to the way retail administrations are handled, deciding that landlords should be paid even when the company has collapsed just after receiving a rent bill. The test case involved Game Group, which filed for administration the day after its quarterly rent was due in March 2012, [...]