PwC faces probe over auditing of BarCap December 16, 2011 Accounting firm PricewaterhouseCoopers (PwC) is being investigated over its auditing of Barclays Capital Securities in relation to the investment bank’s compliance with rules governing the protection of client money. The Accountancy and Actuarial Discipline Board said on Friday its investigation would cover PwC’s conduct in preparing reports on Barclays Capital, the investment banking arm of [...]
Barratts to cut 170 jobs before Christmas Eve December 21, 2011 BARRATTS Priceless, the ailing footwear company, will shut 18 stores before Christmas, resulting in the loss of 170 jobs, its administrators said yesterday. Deloitte, which has been trying to find a buyer “for all or part of the rest of the business” as a going concern, said five Barratts shops and 13 Priceless stores will [...]
CITY MOVES | WHO’S SWITCHING JOBS February 13, 2012 Avoca Capital The European credit investment manager has strengthened its credit offering by hiring Credit Suisse banker Vaibhav Piplapure, who joins as head of structured and illiquid credit. At Credit Suisse, Piplapure was most recently head of asset finance for Europe in the securitised products group. Prior to that, he was global head of the [...]
Law firms post strong growth amid turmoil December 8, 2011 THE UK’s top 100 law firms have managed to post strong growth in the second quarter, despite an uncertain backdrop that’s likely to make conditions tough going into 2012. Fee incomes at the biggest 100 firms rose by an average of 9.8 per cent in the three months to 31 October compared to the same [...]
Ex-Deloitte UK chief to join AMEC May 19, 2011 JOHN Connolly, the chief executive of Deloitte in the UK, has been appointed chairman of engineering firm AMEC. He is due to retire from his role at the top of the international accountancy firm’s British operation at the end of this month and will join the AMEC board on 1 June. He joins at a [...]
Barratts enters administration December 8, 2011 SHOE retailer Barratts has fallen into administration, the latest victim of a downturn in consumer spending, putting 3,840 jobs under threat. Business advisory firm Deloitte said yesterday it had been appointed joint administrator over the Barratts Priceless Group, and that it would continue to keep the stores trading as it seeks a buyer for the [...]
Online sales to hit £350k each second November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY UK CONSUMERS are expected to kickstart the busiest online shopping day of the year today, with Christmas shoppers predicted to spend more than £350,000 each second on their Visa cards, the company said. The day has been coined Cyber Monday in the US and Visa Europe expects 4.8m purchases [...]
MOUCHEL NAMES FOURTH CHAIR OF 2011 December 6, 2011 STRUGGLING infrastructure group Mouchel named former Deloitte senior partner David Shearer its new chairman yesterday, making him the fourth holder of the post this year. Describing him as a “turnaround specialist”, Mouchel said Shearer would replace interim chairman Sir Michael Lyons on 9 January next year. Shearer joins Mouchel after a string of profit warnings [...]
Diversity is about far more than making your company look nice April 17, 2012 Making the most of diverse ways of thought is central to getting your business to perform at its full potential DIVERSITY is often a word thrown around in business without much thought. Too often, “diversity” is seen as a presentational device: something that looks good in a corporate social responsibility report. “What does our company [...]
CITY VIEWS: HAVE YOU NOTICED PRICE RISES EASING IN CONSUMER GOODS? December 13, 2011 TONY KIERNAN ACME PACKET “Not so much with food – but to be honest I don’t do the shopping, my wife does. I’m more aware of the price of petrol – it often stops me getting in the car.” PHILIP GIFFORD DELOITTE “I’ve definitely noticed food prices stagnating, especially bread and milk. Prices have risen [...]