London Report: New borrowing figures likely a boost for Britain November 17, 2013 CHANCELLOR George Osborne is likely to get a boost this week with October public borrowing figures predicted to show the economic recovery gaining strength. Corporation payments and profits from the Royal Mail share sale have helped boost the government coffers and the final set of figures before Osborne’s Autumn Statement are expected to be strong. [...]
Companies race to court to beat time limit on credit crunch cases November 4, 2013 THE NUMBER of big ticket commercial disputes being taken to the High Court in London has jumped by 23 per cent in the last year, as companies race to beat the six-year time limit for launching credit crunch-related claims. Analysis of court claims by City law firm RPC showed there were 1,393 cases launched in [...]
City Moves for 08 October 2013 | Who’s switching jobs October 7, 2013 Cushman & Wakefield The property company has hired George Edwards as an associate in its London development team. Edwards was most recently at Lambert Smith Hampton, where he was an associate director and member of its investment advisory services team. Mayer Brown The law firm has appointed two partners to its banking and finance group in [...]
ACCA Comment: How to achieve boardroom utopia September 17, 2013 A wider definition of diversity and new roles are key developments THE boardroom is again under the microscope, with challenges recently raised over executive pay, lack of diversity, and business performance, not to mention how much boards actually know about the workings of an organisation. The perception is that sometimes the board is an unrealistic [...]
City Moves for 13 August 2013 | Who’s switching jobs August 12, 2013 Menzies The accountancy firm has announced the appointment of Philip Alfandary as associate director in its tax team. Alfandary has practised as a taxation solicitor for nearly 20 years. He was most recently at law firm TLT, where he was a partner and head of corporate tax. Norton Rose Fulbright Elisabeth Bremner has been appointed [...]
City Moves: Who’s switching jobs August 5, 2013 White and Case The law firm has announced the appointment of Ross Allardice as partner in its UK and European private equity team. He has 11 years’ experience working with private equity funds, and was most recently at Kirkland & Ellis. Barclays The bank’s corporate and employer solutions division has recruited Sean McGowan to its global stock [...]
City Moves for 6 August 2013 | Who’s switching jobs January 1, 2013 White and Case The law firm has announced the appointment of Ross Allardice as partner in its UK and European private equity team. He has 11 years’ experience working with private equity funds, and was most recently at Kirkland & Ellis. Barclays The bank’s corporate and employer solutions division has recruited Sean McGowan to its [...]
FSA could ban UCIS investment adverts August 22, 2012 A CRACKDOWN on the promotion of investments in unusual assets like crops and fine wines could be widened, the Financial Services Authority (FSA) warned yesterday, arguing ordinary retail investors do not have sufficient protection against mis-selling. Unregulated collective investment schemes (UCIS) can currently be promoted if an adviser assesses its suitability – but the FSA [...]
Commercial court cases rise in recession July 22, 2012 THE NUMBER of winding-up petitions presented to the High Court rose by a quarter to 7,166 last year as UK companies continued to struggle, according to research released today. This drove a 1,282 rise in the total number of commercial cases launched in the High Court last year, up to 49,166 from 47,884 in 2010. [...]
FSA approvals taking longer as split looms June 7, 2012 NEW businesses face a longer wait to gain approval from the City regulator, according to new research. Firms waited an average of 19.6 weeks in the first three months of this year, according to Financial Services Authority data obtained by law firm Reynolds Porter Chamberlain. The 13.2 per cent jump, the third consecutive quarterly rise, [...]