The nominations roll in as we launch our awards June 29, 2014 It’s that time of year again – City A.M. is today launching its fifth annual awards, one of the most hotly anticipated occasions in the City calendar. The event, which celebrates those who have helped put the City of London at the centre of the world’s financial markets, will take place on 13 November at [...]
City Moves for 23 June 2014 | Who’s switching jobs June 23, 2014 Canaccord Genuity The wealth management firm and investment bank has appointed Guy Marks as a managing director in business services in its London-based investment banking team. He previously worked at JP Morgan Cazenove, where he was most recently in its UK corporate finance team. TSB Desmond McDaid has been appointed head of savings at the [...]
Advice black hole looms for UK pensioners April 14, 2014 THOSE APPROACHING retirement could face an advice “black hole” according to a new report by PwC. Under changes announced by the chancellor in his Budget last month, people about to retire will no longer be forced to buy an annuity product, opening up a range of other options. But a new study by PwC claims [...]
City Moves for 19 June 2014 | Who’s switching jobs June 18, 2014 KPMGThe professional services firm has appointed Steve Labrum as financial services transfer pricing partner. He was previously global head of transfer pricing at Alvarez and Marsal, and has also held senior positions at EY, Deloitte and PwC. JP Morgan Private BankEdward Novis has been appointed as an executive director and senior investor for the private [...]
Albemarle and Bond is rescued from scrapheap April 15, 2014 THE UK’S second biggest pawnbroker Albemarle & Bond will remain a fixture of the high street after it was rescued from bankruptcy yesterday. The company, second to rival H&T in the pawnbroking market, has been acquired by a consortium led by former Bank of Scotland boss Sir Peter Burt and his investment firm Promethean Investments. [...]
Autumn Statement 2014: What does George Osborne’s budget mean for you? From single parents to entrepreneurs December 3, 2014 THE SINGLE PARENT Catherine Gannon, 51 Managing partner of law firm Gannons Gannons Commercial Law continues to perform extremely well as profits and earnings increase on last year. Catherine is commercially savvy and has recently restructured the business from an LLP to a Limited Company due to the new Legislation covering LLPs. This illustrates that [...]
Strategy&… is it a typo? No it’s another rebrand April 3, 2014 MANAGEMENT consultancy firm Booz & Co, to mark its takeover by accounting giant PwC, is undergoing a rebrand with an unusual new name, Strategy&. Pronounced “Strategy and” the change is apparently a requirement of the break up of Booz Allen Hamilton in 2008, from which Booz & Co emerged, which stated that the firm couldn’t [...]
Auditors are told to get tough with banks on loss provisions May 28, 2014 AUDITORS for British banks and building societies are not scrutinising the firms’ books closely enough, despite repeated warnings that auditors should have caught some of the warning signs ahead of the 2008 financial crisis, a watchdog said yesterday. The Financial Reporting Council flagged up poor testing of loan impairment models and a widespread reluctance among [...]
UK bosses say skills shortage is biggest risk to business growth May 19, 2014 EMPLOYEE skill shortages are the largest threat to the UK economy, business leaders say. A report released by PwC this morning shows that despite a strong desire to hire, two thirds of businesses are concerned about skill shortages. Some 64 per cent of firms think that problem may hamper their expansion. It polled as the [...]
PwC prepares for new normal as revenues rise September 8, 2013 ACCOUNTANCY giant PwC has said it is adjusting to a “new normal”, where the economy grows more slowly and the group faces the prospect of losing out on audit work. The Big Four company, which today posted a three per cent rise in revenues to £2.69bn for the year to the end of June, said [...]