Risk appetite spikes in 2011 April 10, 2011 RISK appetite at FTSE companies has hit its highest rate since a leading survey of chief financial officers began in 2007, it was revealed today. Four in ten (41 per cent) CFOs think this is a good time to take on greater risk on their firms’ balance sheets, according to a Deloitte survey – up [...]
Risk appetite spikes in 2011 April 10, 2011 RISK appetite at FTSE companies has hit its highest rate since a leading survey of chief financial officers began in 2007, it was revealed today. Four in ten (41 per cent) CFOs think this is a good time to take on greater risk on their firms’ balance sheets, according to a Deloitte survey – up [...]
CITY MOVES | WHO’S SWITCHING JOBS April 18, 2011 Ladbrokes Ladbrokes has appointed Ian Bull as chief financial officer, effective from 4 July, when he will report to Ladbrokes chief executive Richard Glynn. Bull joins Ladbrokes from Greene King, where he was group finance director from 2006, contributing to the expansion of the business through organic growth and the acquisition of 2,500 pubs across [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 25, 2011 FINANCIAL TIMES HACKING FEARS SPARK TRINITY REVIEW Trinity Mirror, the publisher of the Daily Mirror, has launched a review of its editorial controls and procedures amid investor anxiety that phone-hacking claims could spread beyond the defunct News of the World. Trinity saw its shares fall 9.8 per cent yesterday over concern among investors that the [...]
OFT looks for audit change May 17, 2011 UK regulators believe the market for auditing services is anti-competitive enough to warrant a full investigation and are looking for ways to improve it, the Office of Fair Trading (OFT) said yesterday. An OFT investigation and a high-profile House of Lords inquiry has concluded that the Big Four auditors – PriceWaterhouseCoopers, KPMG, Ernst & Young [...]
Transport boss takes chief exec role at De Beers May 16, 2011 DIAMOND miner De Beers has hired French transport industry boss Philippe Mellier (see left) to replace former chief executive Gareth Penny, the first time the South-African based firm has looked externally to fill its top role. Analysts say the appointment of a non-mining specialist is indicative of a broader problem for the industry, as it [...]
Transport boss takes chief exec role at De Beers May 16, 2011 DIAMOND miner De Beers has hired French transport industry boss Philippe Mellier (see left) to replace former chief executive Gareth Penny, the first time the South-African based firm has looked externally to fill its top role. Analysts say the appointment of a non-mining specialist is indicative of a broader problem for the industry, as it [...]
CITY MOVES | WHO’S SWITCHING JOBS June 9, 2011 Barclays Wealth Calum Brewster has been appointed as a director within Barclays Wealth’s wealth management and private banking business, based in Glasgow. Brewster will join on 21 June from Lloyds Banking Group, where he is head of customer experience and strategy in the life pensions and investment division, responsible for a team of 150 staff. [...]
UK launches probe into “big four” auditors May 17, 2011 Competition authorities are to probe the stranglehold of the world’s biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behaviour. The Office of Fair Trading (OFT) said dominance of the sector by the so-called “Big Four” threw up barriers for rivals and made it hard for firms to switch auditors. The [...]
UK launches probe into “big four” auditors May 17, 2011 Competition authorities are to probe the stranglehold of the world’s biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behaviour. The Office of Fair Trading (OFT) said dominance of the sector by the so-called “Big Four” threw up barriers for rivals and made it hard for firms to switch auditors. The [...]