The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]
City Moves for 09 September 2013 | Who’s switching jobs September 8, 2013 Ernst & Young The professional services firm has hired Sheila Nicoll as a senior adviser in its asset management practice. She was most recently director of conduct policy at the Financial Services Authority. Prior to that, she was deputy chief executive of the Investment Management Association. Coutts The private bank has announced the appointment of [...]
Mullins: a man on a mission February 19, 2014 LAST year’s visit to Ballydoyle remains one of the highlights of my journalistic career, but yesterday’s return to the Emerald Isle may just have shaded it when it comes to my racing bucket list. Since a young age I’ve wanted to visit the corner of County Carlow that Willie Mullins calls home – and a [...]
City Moves for 23 October 2013 | Who’s switching jobs October 22, 2013 Deloitte The business advisory firm has appointed Olaf Theilmann as a senior partner in its financial services practice. He was most recently at Barclays, where he was European chief commercial officer and member of its executive committee. Baker Tilly The accountancy firm has announced the hire of Karen Hine as head of private client tax. [...]
Stalled productivity poses threats to public services September 11, 2013 THE GOVERNMENT’S performance in the last year has lacked focus on productivity, one of the major challenges to the economy, according to a report published yesterday. Deloitte and think tank Reform’s analysis indicates that the government is also still losing out through fraud and struggling to tackle its long-term liabilities. The report [...]
Hargreaves hits out at auditors July 30, 2013 FINANCIAL services firm Hargreaves Lansdown has dropped Deloitte as its auditor, appointing PwC for the 2014 financial year. The group also criticised the closeness of firms with their auditors. CEO Ian Gorham said: “Failing to seek fresh expert challenge should be a source of embarrassment.” Hargreaves Lansdown has used Deloitte’s services since 2006, and the [...]
Modelzone to vanish from high street August 28, 2013 Modelzone administrators Deloitte yesterday confirmed that all of the model and toy retailer’s stores are set to close after failing to find a buyer for the business. The business advisory firm will close the remaining 18 shops next month, resulting in 126 job losses. Modelzone, which opened its first store in Brighton in the 1930s, [...]
Deloitte partners roll up their sleeves for charity cook-off January 17, 2013 SEVEN partners from Deloitte shared a kitchen with MasterChef’s Michel Roux Jr this week. And not just in an attempt to improve the staff canteen, but to raise money for the charity Wildhearts. Affectionately known as the Deloitte MasterChef Canapé Challenge, the office competition saw seven senior partners cook live under the strict judging eye [...]
Inside Track: Sparkling flotation returns help to attract new investors November 7, 2013 The favourite retort from fund managers who staged a near full-scale buyers’ strike for a few years on new issues in the UK was that they too often felt short-changed. Andy Brough of Schroders famously said that kids expected party bags when they went to birthday gatherings and that’s what fund managers had in mind [...]
Banks blasted by watchdog on PPI claim failure September 10, 2013 BRITAIN’S biggest banks face more fines and punishments for failing to deal with payment protection insurance (PPI) claims effectively, Financial Conduct Authority head Martin Wheatley told MPs yesterday. For some banks up to 97 per cent of claims they rejected were later found to be valid by the ombudsman. “It is outrageous this is still [...]