…while Nabarro posts slight rise November 9, 2010 COMMERCIAL law group Nabarro reported a three per cent rise in revenue for the six months to November yesterday. The London and Sheffield-based firm generated £53.5m turnover in the period, compared to a stark 18 per cent income drop at the same point last year. Nabarro, whose client list includes Land Securities and Nationwide Building [...]
…while Nabarro posts slight rise November 9, 2010 COMMERCIAL law group Nabarro reported a three per cent rise in revenue for the six months to November yesterday. The London and Sheffield-based firm generated £53.5m turnover in the period, compared to a stark 18 per cent income drop at the same point last year. Nabarro, whose client list includes Land Securities and Nationwide Building [...]
Report fuels tax protests against HSBC December 19, 2010 THE campaign group UK Uncut has chosen its latest target, HSBC, as a result of suggestions from a former tax inspector that the banking giant is negotiating with the Inland Revenue to withhold around £2bn in tax. The protest group yesterday said the bank is “next in line” for a fresh wave of protests, after [...]
Pimlico Plumbers eyes float November 7, 2010 Pimlico Plumbers, Britain’s biggest independent plumbing company, is considering a flotation which would value the firm at £50m, according to its founder Charlie Mullins. Mullins, 57, was quoted over the weekend, saying he planned to keep a 50 per cent stake in the business and use the proceeds of the flotation to expand nationwide. In [...]
A twenty-first century wine firm, bringing Burgundy’s reds to China February 27, 2011 What is it like to work for a firm with two and a half centuries of tradition at your back? Hew Blair says it “drives you forward,” and his young broking manager Tom Jenkins agrees. The wine merchant Justerini and Brooks, the first wine firm to receive the royal warrant, has provided wines for every [...]
New bank law to give Ireland sweeping powers December 14, 2010 IRELAND’S government has passed a new law giving it wide-ranging powers to shrink and overhaul its banks. The bill, which applies to banks that have received state support, building societies and credit unions, will enable the government to force losses on junior bondholders on a case-by-case basis in the High Court. Ireland has agreed to [...]
Irish Nationwide losses rise tenfold April 19, 2010 IRISH Nationwide Building Society (INBS) yesterday said its loss widened tenfold in 2009 due to a jump in bad loan provisions and it was unlikely to agree soon with EBS Building Society on a merger. INBS and nationalised Anglo Irish Bank have become the two lenders with proportionally the biggest exposures to Ireland’s property market [...]
JJB warns it may breach debt facilities December 2, 2010 JJB SPORTS warned yesterday it could breach the financial covenants of its £25m revolving credit facility with Bank of Scotland (BoS) by the end of January next year citing continued difficult trading conditions as the main reason. The trading statement comes less than a month after the firm, which employs 6,300 staff nationwide, put out [...]
JJB warns it may breach debt facilities December 2, 2010 JJB SPORTS warned yesterday it could breach the financial covenants of its £25m revolving credit facility with Bank of Scotland (BoS) by the end of January next year citing continued difficult trading conditions as the main reason. The trading statement comes less than a month after the firm, which employs 6,300 staff nationwide, put out [...]
Official figures confirm fall in house prices in September November 16, 2010 THE fall in house prices in September was confirmed by the Department for ommunities and Local Government (DCLG) yesterday. It published figures which showed house prices fell 0.8 per cent in September. Prices also fell 0.7 per cent in the third quarter compared to a 1.6 per cent rise during the preceding three months. The [...]