Sainsbury’s bids adieu to its cherished King July 9, 2014 Hundreds of Sainsbury’s shareholders gathered in Queen Elizabeth Hall yesterday for the Great Justin King Love-in, otherwise billed as the supermarket’s AGM. Van Morrison was blaring, there were “Goodbye Justin” t-shirts and the hall was packed with shareholders eager to bid farewell to their King (as it was actually his last day on the job). [...]
Challenger bank Aldermore hires two new non-executives June 6, 2014 ALDERMORE, the challenger bank founded by Phillip Monks in 2009, said yesterday it has hired two new non-executive directors to its board, including a former PwC partner. The bank named John Hitchins – who spent 38 years at the big four accountancy firm before retiring this summer – and Cathy Turner, who has worked at [...]
City Moves for 25 July 2014 | Who’s switching jobs July 24, 2014 Quantum Advisory Sean Gilfeather has been appointed principal consultant and actuary at the actuarial and benefits consultancy. He joins from Lorica Consulting, where he was head of actuarial and risk management. Gilfeather has also held roles at PwC and Towers Watson. Mercer The talent, retirement, health and investment firm has appointed Jane Barker as its [...]
PwC snaps up Booz & Co as the accountant shifts to consultancy October 30, 2013 ACCOUNTANCY giant PwC added more firepower to its consultancy business yesterday by snapping up Booz & Co for an undisclosed sum. While it was announced as a merger, the deal combines PwC’s $32bn annual revenues with a US strategy specialist that generates an estimated $1bn a year. PwC, which already makes around 29 per cent [...]
Bunzl ditches KPMG as auditor May 20, 2014 Distribution and outsourcing firm Bunzl yesterday said it had dropped KPMG as its auditor and hired PwC in its place. The FTSE 100-listed company said in last year’s annual report that it intended to hire a new auditor, to comply with good governance practice, following KPMG’s tenure as auditor that has spanned almost three decades. [...]
Management consultancy tie-up as PwC and Booz & Co agree merger October 30, 2013 A big tie-up in management consultancy, as PwC – one of the big four accountancy giants – has announced a conditional merger agreement with Booz & Co. Booz's 300 partners will now have to vote that deal through in December if it is to proceed. In September PwC said that it had adjusted to a [...]
City Moves for 13 June 2014 | Who’s switching jobs June 12, 2014 Investec Asset Finance Jane Mantell has been appointed head of portfolio risk at the asset finance provider. She joins from Insight Plus, the consultancy, where she has worked since 2007. Mantell previously spent nine years with Foxreed Consulting. UBS Michael Hafner has been appointed head of oil and gas, Europe, Middle East and Africa (EMEA) [...]
Tata steelworks cuts 400 jobs due to “uncompetitive” energy costs July 1, 2014 The Tata steelworks in Port Talbot is set to shed 400 jobs, with chief executive Karl Koehler saying the moves were necessary for the company to remain competitive. High business rates and rising energy costs were cited as reasons for the job losses. "Steel demand and prices are likely to be under pressure for some [...]
City Moves for 22 May 2014 | Who’s switching jobs May 21, 2014 Marsh The insurance company has appointed David Bramall as head of placement in its national corporate practice. He joined in 2008 as a casualty broker from Willis, where he was also a casualty broker. Lloyds Bank The bank has announced the appointment of Nigel Brady as a director for sterling financials trading in its commercial [...]
Miners start to recover after challenging 2013 June 4, 2014 THE MINING sector is returning to calm after a challenging 2013 that saw profitability at its lowest level in a decade, according to a new report from PwC today. A slowdown in growth in China, the world’s largest consumer of commodities, hit the industry hard last year. Mineral and metal prices, led by gold’s greatest [...]