Big Four set to face the Lords October 17, 2010 THE HEADS of the Big Four auditors are likely to face an influential House of Lords committee next month, in a probe into the lack of competition in the audit market and the role the firms played in the financial crisis. Watchdogs including the Financial Services Council (FRC) have submitted papers to the Lords’ Economic [...]
Faith shoe chain goes into administration as sale fails April 22, 2010 FOOTWEAR chain Faith has been placed into administration raising fears over the future of more than 1,700 jobs. Faith has been up for sale for a number of weeks, but administrators Mazars said they were called in after directors realised that a “solvent sale was not possible”. The sale of the 78-store chain, which employs [...]
CITY MOVES | WHO’S SWITCHING JOBS April 19, 2010 Bluefin Corporate Consulting The consulting firm, part of Bluefin Advisory Services, which is owned by Axa UK, has appointed Sean Glasgow as its new head of investments. Glasgow previously worked in a variety of roles both in the UK and internationally. He has held senior positions at soft drinks giant Coca-Cola and in the investment [...]
Drought of small firms listing could cost jobs March 31, 2010 QUOTED companies outside London’s FTSE 350 have rarely faced such challenging times. Equity markets are fragmenting while regulations are increasingly onerous and markets illiquid, making it harder to raise capital. But help could be on hand from an unlikely source. A French initiative has produced 20 recommendations to improve capital markets for the small to [...]