UK car sales rise in September October 4, 2012 UK car sales rose by a better-than-expected 8.2 per cent in September. The Society of Motor Manufacturers and Traders association said this morning that car registrations last month increased to 359,612 from 332,476 a year earlier, exceeding expectations by more than 26,000 cars. September is a critical month for the industry, accounting for around 20 [...]
Quilter bolts on Cheviot Asset Management November 13, 2012 PRIVATE equity owned wealth manager Quilter yesterday confirmed it had bought investment firm Cheviot Asset Management to create one of the biggest independently owned wealth managers in the UK. Quilter, owned by mid market European private equity firm Bridgepoint, will acquire Cheviot using cash provided by Bridgepoint. The amount paid for the firm was not [...]
Making it in the big bag world December 16, 2012 A GOOD quality leather satchel was a rare find four years ago. The schoolbag market was dominated by canvas and velcro record bags that Julie Deane, founder of the hugely successful Cambridge Satchel Company, found “shabby”. So when she considered possible business ventures, satchels were high on the list. Her timing could not have been [...]
R3: Half of jobs survive after shops collapse August 20, 2012 MORE than half of all jobs at risk when high street retailers fall into administration are saved, new figures from the insolvency trade body R3 show. Its analysis of major retail insolvencies in the last financial year reveals that 53 per cent of jobs are saved during the insolvency process while 48 per cent of [...]
Probe censures Deloitte over Phoenix Four advice February 1, 2012 THE UK’s corporate governance regulator has criticised accountancy firm Deloitte’s advice during the controversial 2005 takeover of MG Rover, saying the firm’s conduct “fell short of the standards” expected. Deloitte – and then-corporate finance partner Maghsoud Einollahi – acted as adviser to companies involved with MG Rover and the so-called Phoenix Four directors. The investigation will now [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
City Moves | Who’s switching jobs October 16, 2012 Saffery Champness Ben Melling has been appointed partner in the accountancy firm’s London office. He joins from Rawlinson & Hunter, where he spent eight years as a partner. Melling also worked for Grant Thornton for 18 years, and was appointed to the partnership in 2000. Deloitte The business advisory firm has announced two senior appointments [...]
City A.M. Awards 2012 Winners October 17, 2012 City A.M.'s third annual awards celebrating the best and brightest of London's business, financial and investment communities. Over 500 guests from 116 different firms attended the celebration, held at the Grange Hotel in St Paul's. PERSONALITY OF THE YEAR Lord CoeLocog chairman Former Olympic middle distance runner and politician Lord Coe was a clear stand-out [...]
Consumers reject paid advice July 30, 2012 Most UK consumers remain unaware of the forthcoming retail distribution review that will introduce charges for most financial advice, according to a YouGov survey carried out for accountancy firm Deloitte. It also found 54 per cent of respondents would refuse financial advice if charged a fee. As a result Deloitte claim there will be a [...]
Who’s switching jobs October 4, 2012 Alliance Trust Savings The consumer finance division of Alliance Trust has appointed Patrick Mill as its new managing director. Mill has over 20 years’ experience in financial services, and has previously worked as sales director at Prudential and managing director of financial services at Bradford and Bingley. Linklaters Charles Clark has been appointed global knowledge [...]