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 [...]
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 [...]
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.
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 [...]
Rates held at 0.5pc by Bank of England May 5, 2011 ARCH hawk Andrew Sentance ended his term at the Bank of England yesterday unable to convince his colleagues to normalise interest rates. Historically low interest rates were kept on hold at 0.5 per cent for May, the monetary policy committee (MPC) announced. Today, coincidentally, marks 14 years since the Bank of England’s independence was announced [...]
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 [...]
Banking set for Asian jobs boom May 22, 2011 CITY workers are looking towards the Far East for the fastest expanding job opportunities, a survey from a top headhunting firm out today reveals. Almost three quarters of banking or hedge fund staff named eastern Asian cities as the leading job-creators for financial services, according to recruiters Astbury Marsden. Singapore will create the most financial [...]
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 [...]
Companies face £7 trillion debt pile due in five years March 20, 2011 INDEBTED companies face a scramble for capital as they try to refinance $11.5 trillion (£7.15 trillion) of loans globally in the next five years, a report showed today. But the supply of capital is likely to be limited, as banks hold nearly $6 trillion of maturing debt and will be negotiating their own refinancing efforts [...]