Finance heads cut spend as growth stalls October 9, 2011 THE MAJORITY of finance chiefs in UK companies plan to cut investment and hiring over the next year as they batten down the hatches and prepare for another recession, a new report today shows. More than 40 per cent of CFOs believe the UK economy will start to contract again soon, and are choosing defensive [...]
HomeServe halts telesales to launch mis-selling review October 30, 2011 EMERGENCY repair and insurance group HomeServe has suspended all telephone sales after it launched a review into whether some of its staff could have been mis-selling products. The company said last weekend that following a comprehensive review it had halted telephone sales and they would not resume until its staff had completed a retraining programme. [...]
HomeServe halts telesales to launch mis-selling review October 30, 2011 EMERGENCY repair and insurance group HomeServe has suspended all telephone sales after it launched a review into whether some of its staff could have been mis-selling products. The company said last weekend that following a comprehensive review it had halted telephone sales and they would not resume until its staff had completed a retraining programme. [...]
COLD COMFORT AS CITY SLEEPS ROUGH FOR CENTREPOINT November 10, 2011 DECEMBER 15, 2009 is a night that Seyi Obakin will always remember – the night he spent sleeping rough with the future King of England near Blackfriars Bridge. “It was not a pleasant experience,” said Obakin on the sub-zero conditions, who said Prince William was particularly struck by how the “sense of drift” could contribute [...]
Bakrie in $1bn Bumi sell-off November 1, 2011 INDONESIA’S Bakrie group has announced a $1bn (£626.5m) deal to sell half its stake in London-listed coal miner Bumi – its venture with Nat Rothschild (pictured) – to help tackle its debts. The stake is being bought by Indonesian rival Borneo Lumbung Energi and will allow Bakrie to avoid a default on $1.35bn of loans [...]
Bakrie in $1bn Bumi sell-off November 1, 2011 INDONESIA’S Bakrie group has announced a $1bn (£626.5m) deal to sell half its stake in London-listed coal miner Bumi – its venture with Nat Rothschild (pictured) – to help tackle its debts. The stake is being bought by Indonesian rival Borneo Lumbung Energi and will allow Bakrie to avoid a default on $1.35bn of loans [...]
PwC revenue hits record high October 3, 2011 Strong gains in its consulting business helped PwC increase revenues by ten per cent in the past year, it has said, returning it to its position as the world’s biggest professional services firm. PwC’s global network of firms reported record revenue of $29.2bn (£18.7bn) for the year that ended June 30, up from $26.6bn in [...]
PROFESSIONAL SERVICES | OF THE YEAR September 21, 2011 IAIN EVANS L.E.K. CONSULTING L.E.K. is a “wonderful British success story”, said the judges – it now competes with McKinsey, Bain and BCG from a standing start in 1983, over-delivering for its growing roster of private equity clients. SHORTLIST KPMG Ernst & Young Deloitte PwC
LUKE JOHNSON ENDORSES LAUNCH FOR THE CITY’S BEST-CONNECTED November 28, 2011 ARE YOU fed up with receiving endless invitations to “connect” with people you have never met on digitally promiscuous social networking sites? Then Ndoorse, the new network for high-quality professionals founded by ex-Deloitte strategy consultant Jeremy Weil and JC Rathbone director Kristian Rathbone is perhaps for you. The only problem is that the City-meets-entrepreneurs network, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 10, 2011 Sciens Sciens Fund of Funds Management Holdings has appointed Alex Allen as senior portfolio manager in Sciens’ fund of hedge funds business. Based in the London office, he will report to Stavros Siokos, president of the Sciens fund of hedge funds and managed account platform businesses. Prior to joining Sciens, Allen was a co-founder and [...]