Downton Abbey tax cuts for gaming and TV industries March 21, 2012 THE TREASURY has agreed to a £50m loss over two years from next April in a bid to boost the nation’s entertainment industry and make the UK “the technology hub of Europe”. Osborne yesterday announced the long-called-for introduction of corporation tax reliefs for the video games, animation and high-end television industries – because “we want to keep [...]
WHO’S SWITCHING JOBS April 25, 2012 Drivers Jonas Deloitte The provider of property consultancy services has announced that Jeremy Castle has joined as director in its planning team. Castle most recently spent four years leading planning strategy at Battersea Power Station as planning director of Treasury Holdings. He has also previously worked at Legal & General. In addition, Nigel Hawkey arrives [...]
Consultancies will help to decide size of bailout June 10, 2012 SPAIN has refused to say how much cash its ailing banks need until audits from two consultancies, Oliver Wyman and Roland Berger, have been completed. While the IMF has already estimated that Spanish banks need a capital injection of between €40bn and €80bn (£32.4bn and £64.7bn) under its own stress tests, Madrid has decided to [...]
UTILISE WHAT GOVERNMENT ALREADY GIVES March 18, 2012 EVEN the staunchest opponent of George Osborne would have to concede that there is no silver bullet to reduce the deficit and boost growth that can come out of Wednesday’s Budget. So, what do we expect? Clearly some quick, high level cost-cutting measures. The personal allowance is already pledged to increase to at least £8,105. [...]
Game appeals for saviour to avoid collapse March 11, 2012 STRUGGLING video games retailer Game has put itself up for sale as it scrambles to raise cash ahead of a looming quarterly rent bill and fend off administration. Game, which hired Rothschild last month to advise on a strategic review of the business, has instructed the bank to find a potential buyer for all of [...]
CITY MOVES | WHO’S SWITCHING JOBS February 6, 2012 Deloitte Mark Williams has been appointed as a partner in Deloitte’s economic consulting practice. Williams, who joins Deloitte from the World Bank, will join a team of more than 30 in Deloitte’s economic consulting practice, where he will focus on telecoms clients. He worked at the World Bank for five years, where he led the [...]
CITY CYCLISTS SHOW THEY CARE WITH OLYMPIAN CHARITY RIDE March 18, 2012 TEAMS from the City are signing up to CARE’s Gold Bike Ride supported by City A.M. on Saturday 23 June. The route will see cyclists ride a minimum of 65 miles and a maximum of 130 miles of the Olympic Road Race route a month before the nation’s competitors take to the saddle. A team [...]
CITY MOVES WHO’S SWITCHING JOBS April 19, 2012 Grant Thornton UK The business and financial adviser, and UK subsidiary of Grant Thornton International, has reappointed Scott Barnes as chief executive. He was first given the role in 2008 and has led the firm’s restructuring during the financial downturn. He will remain in the position through to 2015. Yorkshire Building Society The UK’s second [...]
CITY MOVES WHO’S SWITCHING JOBS April 16, 2012 Fleming Family & Partners The private equity firm has appointed two new investment directors. Llewellyn John joins from Nova Capital Management, where he was associate partner. He previously worked at Deloitte from 1999 to 2006, and reached the position of assistant director within corporate finance. Dan Walker has been promoted to investment director, following four [...]
London firms call on new Mayor to invest in the city February 29, 2012 LONDON First, a business group whose members represent over a quarter of the capital’s GDP, have set out their demands for the mayoral election. The organisation, which includes such firms as KPMG, HSBC and Deloitte, have told the mayoral candidates of their “common sense” demands to improve infrastructure and keep the city open for business. [...]