New takeover rules set to test the City September 18, 2011 ALMOST two years after Kraft’s unsolicited bid for Cadbury, changes are being introduced today designed to strengthen the hand of companies that find themselves the subject of unwanted advances. But critics fear the changes will further damage the UK’s stalled M&A market, proving onerous for bidders and diverting investment away from the UK economy. Shortly [...]
CITY MOVES | WHO’S SWITCHING JOBS | WHO’S SWITCHING JOBS June 29, 2011 LSCA Grant Jones, a partner at accountancy firm Cooper Parry, has been appointed as the new president of the London Society of Chartered Accountants, as announced at the body’s recent AGM. The other office holders announced include David Symes, managing director of compliance recruitment solutions, as deputy president and Naima Siddiqi, a director at corporate [...]
Defending wholesalers September 26, 2011 Wholesalers are the middlemen that oil the wheels of commerce – integral for national and international economic coordination, and crucial for the growing wealth of nations. Particularly maligned when supplies are disrupted, wholesale businesses are also vital to the recalculation necessary to deal with change. ECONOMIC COORDINATION Complex economic coordination is a wonder of human [...]
Mouchel calls in Deloitte as austerity bites December 2, 2010 MOUCHEL yesterday confirmed Deloitte has been drafted in to examine how far the firm’s future income could drop, sparking fears it could follow Connaught and Rok into administration. The engineering consulting and design group has been rocked by swingeing cuts in government spending, resulting in the haemorrhaging of contract income. Deloitte was called in by [...]
Deloitte names David Sproul as chief executive December 8, 2010 BIG four accountant Deloitte named the head of its tax practice, David Sproul, as successor to its UK chief executive John Connelly yesterday. The news confirms City A.M.’s November report that Sproul was the preferred of two candidates for the position, alongside executive committee member Martin Eadon. Sproul, who joined Deloitte UK in 2002 from [...]
RESTAURANT KING CLAIMS RAMSAY BID IS A GAMBLE September 20, 2011 THE jury is out as to whether Gordon Ramsay’s Bread Street Kitchen – the One New Change venture dubbed “the acceptable face of high street food” – will prove a hit. “Whatever anyone says about Gordon, he knows what people want and he is incredibly resilient,” said restaurant expert Simon Davis, speaking at last night’s [...]
CITY MOVES | WHO’S SWITCHING JOBS August 11, 2011 More Than The insurance group has hired Janet Connor as its new managing director. Connor most recently worked at over-50s insurance provider RIAS, where she has served as managing director since 2006. Connor has also worked at Legal & General, J Sainsbury and Abbey National, where she was a director in charge of the Abbey [...]
Deloitte woos Roland Berger November 18, 2010 DELOITTE Touche Tohmatsu is in advanced talks about a possible takeover with Roland Berger Strategy Consultants it emerged yesterday. The discussions to merge the German firm with Deloitte’s strategic consulting practice are in line with consolidation activity in the wider consulting sector this year. Risk management firm Aon acquired Hewitt Associates in a $4.9bn (£3.05bn) [...]
Ex-Deloitte man linked to insider trading November 30, 2010 A FORMER Deloitte tax partner in the States and his wife have been charged with leaking secrets about upcoming merger deals to family members at the City brokerage Blue Index, in a scheme that US regulators claim made $23m (£14.8m). Arnold McClellan and his wife Annabel have been accused by the US Securities and Exchange [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR June 27, 2011 ON the back of the Office of Fair Trading launching its investigation into the market dominance of the “Big Four”, it’s never been more important for professional services firms to prove their worth. Never far from the centre of the City’s biggest deals, strategic reviews and financial reports, our shortlisted entrants are favourites of UK [...]