City Moves for 1 October 2015 | Who’s switching jobs September 30, 2015 APAM The commercial property asset manager has appointed Simon Hardwick as chairman. Hardwick was formerly at PwC Legal, where he lead its real estate practice. He is also an independent non-executive member of the management board at the Royal Institution of Chartered Surveyors, and has over 35 years’ experience. BARINGS The investment firm has appointed [...]
Quindell share price plummets as it hires PwC to carry out review into accounting December 8, 2014 Shares in embattled insurance outsourcer Quindell plunged as much as 16 per cent as the market opened this morning, after it announced it had hired accounting giant PwC to carry out an independent review into its accounting practices. The company, whose shares have lost more than 90 per cent in value since April, said the review [...]
Creativity and innovation: the neglected distinction January 7, 2016 Pro-active, synergy – the inanity of modern corporate vernacular is irritating to many of us. But a number of more established terms are also being misused in business today. The interchangeable usage of “creativity” and “innovation” is a prime example, and confusion may even impede the implementation of new ideas. So what’s the difference? ONE [...]
British retailer Next is the latest FTSE giant to invite companies to compete for its audit contract September 13, 2015 Recent regulatory changes have seen blue-chip companies enter an audit merry-go-round, with big names like Shell, British American Tobacco, Vodafone and RBS changing accountants. PwC, the market leader, is expected to lose out under the new rules, but chairman Ian Powell commented: “It’s obviously a challenge to the business, but actually our experience so far [...]
City Moves for 18 December 2015 | Who’s switching jobs December 17, 2015 TOGETHER Andrew Murdoch has joined specialist lender Together as group valuations manager, after 12 years with Eddisons. A Royal Institute of Chartered Surveyors-registered valuer and registered receiver, he has extensive experience in valuation, asset management and value enhancement. At Eddisons, he spent eight years specialising in corporate recovery, insolvency and LPA receiverships, including two year-long [...]
Gatwick Airport boss Stewart Wingate blasts recommendation to build third Heathrow runway August 18, 2015 The chief executive of Gatwick Airport has hit out at a recent commission’s recommendation that Heathrow be expanded. A 50-page catalogue of criticisms, published yesterday, targets the Davies Commission’s use of analysis from consultants PwC, despite its own expert panel urging caution on it. It also said the commission’s proposals, which rejected calls to expand [...]
PwC restructuring ladies take over Fortnum & Mason for a night November 20, 2014 WEDNESDAY night saw the ladies from PwC’s restructuring team enjoy their fourth annual “Culinary Christmas Cracker” event at the epicurean bazaar of Fortnum & Mason. They were joined by guest speaker Jo Fairley, one of the founders of the Green & Blacks chocolate brand (pictured, far right with Heather Swanston, leader of the refinancing and [...]
Former Tesco chief executive Philip Clarke to be quizzed by Serious Fraud Office August 28, 2015 Former Tesco boss Philip Clarke is set to be grilled by the Serious Fraud Office (SFO) as part of an investigation into the supermarket chain’s multi-million pound accounting black hole. The UK prosecutors have also called in ex-commercial director Kevin Grace for questioning, according to people with knowledge of the matter cited by Bloomberg. Read [...]
From Aldi to PwC: the year’s heroes revealed November 13, 2014 The 2014 City A.M. awards were as glamorous and entertaining as ever with guest speaker Sir Martin Sorrell kicking off an exciting ceremony with 14 awards given THE GRANGE St Paul’s Hotel was packed to the rafters last night with some of the City’s favourite faces as the City A.M. awards took its annual place [...]
Lord Mayor tours London firms on City Giving Day October 1, 2015 Shoes were shined, ties were straightened, balloons were inflated and cakes were freshly baked for the arrival of Lord Mayor Alan Yarrow at dozens of the Square Mile’s banks and financial institutions to mark City Giving Day, where he saw first-hand what they do to give back to society. Joined by company leaders from [...]