CITY MOVES | WHO’S SWITCHING JOBS May 22, 2011 AMEC The international engineering and project management group has appointed Deloitte’s John Connolly as its new chairman, to succeed Jock Green-Armytage. Connelly will retire from his current role as chief executive of Deloitte UK and global chairman of Deloitte Touche Tohamatsu on 31 May and will join the Amex board on 1 June. Connelly is [...]
CITY MINER GOES FOR GOLD WITH ROYAL GIFT August 10, 2011 DISASTER has been averted at the Palace, The Capitalist can reveal, after a well-connected miner stepped in to replenish the stocks of the Welsh gold traditionally used to make the royal wedding bands. Gold from the mines of the Dolgellau field in North Wales has been used to make the royal wedding bands since Anglo [...]
Telemetry to sell stake June 19, 2011 THE founders of online advertising analysis firm Telemetry are set for a £35m windfall as they prepare to sell just over a fifth of the firm. Russell Irwin, Anthony Rushton and Beau Chesluk will each rake in around £11.6m from the sale, with Goldman Sachs and Credit Suisse understood to be in talks with the [...]
On International Paralympic Day Sainsbury’s is relishing the Games September 7, 2011 COUNTDOWN TO THE LONDON PARALYMPIC GAMES 2012 356 DAYS TO GO Gwyn Burr explains the business case for leading the way as the first Paralympics-only corporate sponsor Q.What was your brand’s primary reason for being involved with the Games? A.I think that the Paralympics movement and Sainsbury’s have a very similar brand ethos. The idea [...]
Urgent action needed in dire Championship as TV revenue shows signs of drying up June 8, 2011 AS WORRYING as the situation in the top flight is, it is far worse in the Championship, where £4 is spent for every £3 earned. Financial results for England’s second tier worsened for the sixth successive year in 2009-10, according to Deloitte, while the average wages-to-turnover ratio is an eye-watering 88 per cent. It could [...]
Tax boss leads race for top job at Deloitte November 14, 2010 ONE of Deloitte’s lesser-known figures is in the running to become its top accountant as the search for a successor to the firm’s chief executive John Connolly reaches its final stages. David Sproul was appointed UK head of tax at the big four firm in 2006 and is now being tipped for the top job [...]
Five ways to make sure the cash flows May 22, 2011 NO SMALL business owner wants to hear yet more about how tight lending conditions are at the moment. The pressure this can put on a business’s cash flow is often unbearable and is one of the most common reasons many businesses buckle. But before blaming the banks, there is scope for entrepreneurs to work with [...]
Deloitte predicts slow economic recovery October 31, 2010 THE economy will grow by 1.5 per cent this year and by only one per cent next year, according to a report published today by Deloitte, which also warns the risk of a double dip recession has not disappeared. Roger Bootle, economic adviser at Deloitte, says in the latest issue of its Economic Review that [...]
Small manufacturers storm ahead but Britain faces gloomy consumer outlook May 2, 2011 SIGNS of economic rebalancing in the UK emerged today, as separate reports showed strong manufacturing contrasting with further gloom over consumer spending. Orders at the UK’s small and medium sized factories grew at their fastest rate for 16 years in the three months to April, according to the Confederation of British Industry (CBI). A positive [...]
Households face worst squeeze since the 1870s May 3, 2011 BRITISH households are facing the biggest cash squeeze since the 1870s, a report by Deloitte out today claims. Disposable income is set to fall by about two per cent this year, or the equivalent of about £780 per household, the report claims. The drop is driven by rising inflation, which could rise above five per [...]