Quindell share price falls as it finalises Slater & Gordon deal and Lord Howard joins board May 29, 2015 Shares in troubled insurance claims outsourcer Quindell fell in late morning trading after the company announced it had completed a deal to sell its professional services division to legal giant Slater & Gordon. The £637m sale of the division, which comprised 90 per cent of Quindell's business, will return £500m to shareholders. The company took the [...]
PwC opens talks with operators over Phones 4u September 17, 2014 SUITORS picked through the remains of collapsed high street mobile retailer Phones 4u yesterday as administrator PwC entered negotiations with mobile operators and other interested parties over acquiring all or part of the business. PwC is understood to be looking to reach a deal within a 48-hour window that closes before the end of the [...]
City Moves for 15 July 2015 | Who’s switching jobs July 14, 2015 EY The professional services firm has appointed Lisa Ashe as a partner in its UK & Ireland restructuring practice, where she will be working across Europe, Middle East, India and Africa focusing on private equity portfolios. She joins from Alix Partners, where she was managing director in its turnaround and restructuring group across Europe. Ashe [...]
Never mind classical music, here’s the CEO July 23, 2015 WHEN you think of top City bosses, you might associate them with the high-brow things in life. Fine wines, theatre and Radio 3. Well, according to a study published by tech site Plos One, that’s all a farce. Establishment bosses love nothing more than moshing out to the Sex Pistols and Guns n’ Roses. Researchers [...]
City Moves for 13 July 2015 | Who’s switching jobs July 12, 2015 New Quadrant Partners The private client law firm has appointed Helen McGhee as a senior associate. She joins from Squire Patton Boggs. McGhee was recently named rising star at the LexisNexis Taxation Awards, and advises on all aspects of tax affairs. BMO Global Asset Management The investment management firm has announced the appointment of David [...]
UK on track to be the G7’s fastest growing economy again in 2015 June 30, 2015 CHANCELLOR George Osborne may be able to claim the UK economy is the fastest growing in the G7 again this year, new figures reveal. The economy grew by three per cent in 2014, up from earlier estimates of 2.8 per cent, the Office for National Statistics said yesterday. In the first three months of the year the [...]
Top 100 firms double in value to $16.2 trillion: Apple heads list as HSBC named UK’s most valuable company June 1, 2015 The world’s biggest 100 firms now have a combined value of more than $16 trillion (£10.7 trillion), almost double their market capitalisation in 2009, a PwC study reveals today. Technology firms have driven the boom in valuations – just 12 firms in the sector have a combined valuation of $2.8 trillion. Six years ago, the [...]
City Moves for 7 July 2015 | Who’s switching jobs July 6, 2015 EY The professional services firm has appointed Maggie Stilwell as managing partner for talent. She has been a partner in its fraud and dispute services practice since 1996, and has over 19 years’ experience, particularly focusing on contract disputes. BlueBay Asset Management Soumyanshu Bhattacharya has been appointed institutional portfolio manager in the fixed income [...]
Bashing buy-to-let landlords will push up rents and hit the UK economy hard July 23, 2015 Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” That’s how the chancellor explained his decision in the Budget to require that landlords, unlike other businesses, effectively pay tax on their borrowings – their buy-to-let mortgage. But the chancellor has made [...]
Conservative MP: “Ring-fencing pensioners is a departure from the financial reality” July 9, 2015 George Osborne’s decision to ring-fence pensioners is a departure from financial reality, according to Conservative MP Philip Lee. Speaking at a post-Budget briefing hosted by the Taxpayers' Alliance and the Institute of Economic Affairs, Lee said by pushing the burden of deficit completely away from pensioners, the chancellor is “sending the wrong message.” Debt was [...]