Deloitte sees revenues lift September 13, 2010 DELOITTE Touche Tohmatsu, one of the largest accountancy firms, saw global revenue hit $26.6bn (£17.2bn) in 2010 as the group sets its sights on significant expansion plans. Global revenue for the firm, which is part of the Big Four group of accountants, marked a 1.8 per cent rise on the previous year when income came [...]
Shearings for sale for £40m April 17, 2011 The coach holiday company Shearings has been put up for sale by 3i for an estimated £40m, according to reports yesterday. 3i, the London-listed private equity company which bought the firm from Bridgepoint Capital, last year appointed advisers from Deloitte to find a buyer for the company. But after a deal with a trade buyer [...]
Shearings for sale for £40m April 17, 2011 The coach holiday company Shearings has been put up for sale by 3i for an estimated £40m, according to reports yesterday. 3i, the London-listed private equity company which bought the firm from Bridgepoint Capital, last year appointed advisers from Deloitte to find a buyer for the company. But after a deal with a trade buyer [...]
Ronson forms private equity firm April 10, 2011 Property tycoon Gerald Ronson has launched a private equity group, backed by Middle Eastern investors, to buy up central London real estate. Ronson Capital Partners is funded by the Heron founder’s personal fortune and investors including an Omani sovereign wealth fund. Its first investment is an office building in Marylebone, which was owned by Targetfollow [...]
Oddbins enters administration April 4, 2011 Wine and alcohol retail chain Oddbins has formally entered administration proceedings, having been unable to convince creditors, including HM Revenue & Customs, to back its company voluntary agreement and accept lower repayments. Deloitte has been appointed as administrator and says several interested parties are in talks to provide the funding required to recapitalise the business.
Barca cast doubt on Fabregas deal with debt pledge June 9, 2011 BARCELONA have cast fresh doubt on the future of Arsenal captain Cesc Fabregas by insisting their summer transfer budget is strictly limited to £40m. In a highly unusual step, the European champions announced the size of their kitty and vowed to tighten their belts with the aim of clearing a £430m debt pile in just [...]
CITY MOVES | WHO’S SWITCHING JOBS May 25, 2011 Cable & Wireless The telecoms company has appointed Ian Gibson as chief financial officer and executive director, with effect from 21 July. Gibson joined the group in 1995 and has held a number of senior management positions, most recently deputy chief financial officer. In 2009 he was appointed as acting chief financial officer and played [...]
CITY MOVES | WHO’S SWITCHING JOBS May 23, 2011 Agent Provocateur Retail veteran Chris Woodhouse has been appointed as non-executive chairman of luxury retailer Agent Provocateur. Woodhouse, director of Debenhams and chairman of restaurant group Gondola, which owns Pizza Express and ASK, will take a small stake in the lingerie business, which he will oversee alongside his existing role. Agent Provocateur, owned by private [...]
Deloitte quits its Swiss base for British HQ September 21, 2010 ACCOUNTING giant Deloitte Touche Tohmatsu has given the UK a vote of confidence after ditching its Swiss base and relocating to British shores. The move comes as part of a radical legal overhaul of the accountant’s global structure and sees Deloitte make the UK its new legal home. As part of the legal overhaul, Deloitte [...]
CITY MOVES | WHO’S SWITCHING JOBS April 4, 2011 Stamford Associates The investment consultant has appointed Sir Mark Weinberg as senior adviser, with the aim of expanding Stamford Associates’ investment strengths and expanding its pool of institutional investors. As the founder of life insurance provider Abbey Life, Weinberg will bring 40 years’ business and investment experience to the firm. He is also the chairman [...]