HP accuses Autonomy of $9bn lie November 20, 2012 FORMER bosses at British software giant Autonomy were yesterday accused of “serious accounting improprieties, disclosure failures and outright misrepresentation” by the chief executive of Hewlett-Packard (HP), after the US firm wrote off $8.8bn (£5.5bn) over last year’s purchase of Autonomy. Meg Whitman, who took the reins at HP shortly before the $11bn deal was completed [...]
Former FSA boss Sants mulls bank move December 6, 2012 HECTOR Sants may head up Barclays’ regulation and compliance operations, it emerged yesterday, as another major firm vies to win the former Financial Services Authority chief executive’s services. Professional services firm Deloitte is also thought to want to hire Sants.
Cycle to Paris? Scope throws down gauntlet January 9, 2013 DISABILITY charity Scope has challenged our City Boris Bikers to step their game up a notch, and take part in a London to Paris cycle ride. The charity is organising the 24 hour ride as part of a wider fundraising campaign in which participants are encouraged to try and fulfil an ambition in just one [...]
Stock markets call for slashed capital levies December 2, 2012 THE government must slash capital gains and abolish stamp duty on AIM trades in its Autumn Statement, the London Stock Exchange demanded yesterday, in order to boost growth among small and medium enterprises. Cutting capital gains tax to 10 per cent, from the 18 or 28 per cent it currently stands at, combined with completely [...]
City Moves for 29 January 2013 | Who’s switching jobs January 28, 2013 Arbuthnot Latham The private bank has appointed Dan Saxby as director, private banking. He joins from Coutts & Co, where he was an executive director and wealth manager. Saxby has 24 years’ experience in the industry. BDO The accountancy firm has appointed Kevin Cummings as a tax partner. He joins from Berwin Leighton Paisner, where [...]
Comet collapse to be probed by government December 18, 2012 Comet will close down its remaining stores today, as the government confirmed it has launched an investigation into the administration of the electrical chain. The last 49 stores out of a 235-strong chain will be closed today, bringing to an end the store’s 19-year history. Almost 7000 people will lose their jobs, at a cost [...]
City scribbler aims to make a killing with thriller for charity December 16, 2012 THIS evening sees the launch of Michael Crawshaw’s thriller novel To Make A Killing, at the London Capital Club. Crawshaw has previously worked as head of European research at Citigroup and head of research at Schroders. However he has penned his debut Cit-lit to raise money for Joanna Lumley-backed charity Hands Together. The prime suspect [...]
Comet forecast to leave high street by Xmas November 28, 2012 COMET’S administrators yesterday confirmed they are to close a further 125 stores and may shut the entire business by the end of the year unless a buyer can be found, in a devastating blow for the high street. Deloitte said just 70 stores of the original 236 stores will continue to trade until all of [...]
Former regulator Sants takes up job at Barclays December 12, 2012 FORMER financial watchdog Hector Sants is joining Barclays as its head of compliance. Sants, who left the Financial Services Authority in June, had been scoping out new roles at both Barclays and Deloitte. He will take up his new position on 21 January, having already secured FSA approval for his appointment. The 56-year-old will also [...]
City Moves | Who’s switching jobs January 22, 2013 Carmignac Gestion Keith Ney has been appointed co-manager of the asset management firm’s European bond fund, working alongside Carlos Galvis. He has worked for Carmignac for eight years, most recently as head of credit. Stenham Asset Management The asset management firm has made two appointments to its investment team. Akshay Krishnan joins as a senior [...]