Auto Windscreens collapses February 15, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
Auto Windscreens collapses February 14, 2011 Car window repair firm Auto Windscreens collapsed into administration yesterday after admitting it had run out of cash, putting 1,100 jobs at risk. Administrator Deloitte said it sent employees home yesterday while it holds urgent discussions with creditors over the future of the firm. Deloitte said a major customer had cancelled its contract with Auto [...]
How to triple your chances of winning the job June 1, 2011 TODAY’S job market is one of the most competitive we’ve ever seen. Good job opportunities attract literally hundreds of online applications. Often every one of these lists the same high levels of skills and qualifications. Just how can you stand out and win the job you want in this context? Especially when it is clear [...]
Targetfollow administrators ready to finish last round of asset sales February 20, 2011 ADMINISTRATORS of two Targetfollow portfolios put into administration last autumn are set to wrap up the final asset disposals, City A.M. can confirm. Deloitte last week appointed agents to sell Targetfollow’s residential and retail buildings on Prince of Wales Road, Norwich. In a separate sale, Deloitte is considering options and offers for nearby Harford Place, [...]
CITY MOVES | WHO’S SWITCHING JOBS May 4, 2011 Hastings Direct Mark Adams is joining Hastings Direct as chief financial officer, ahead of the company’s IPO next year. Adams’ recent career includes the roles of interim chief financial officer at EasyJet, group finance director then chief executive at Helphire Group, and chief financial officer at both Alpha Airports Group and STA Travel Group. Adams [...]
Deloitte upbeat despite lower partner profits August 25, 2010 DELOITTE, one of the Big Four accountancy firms, has seen UK revenues fall for the second year in a row in the face of challenging markets and a difficult economic environment. The global firm posted £1.95bn in UK revenue for the year ended 31 May, marking a £16m fall from last year. “Despite a second [...]
Lords call for probe into audit oligopoly March 30, 2011 The “oligopoly” of Big Four auditors contributed to the financial crisis, according to a damning report released yesterday by the influential House of Lords Economic Affairs Committee. The committee, chaired by Conservative Lord MacGregor, called for a full probe into concentration in the industry by the Office of Fair Trading, citing the fact that 99 [...]
Centre Point tower sold March 24, 2011 NEW PROPERTY company Almacantar could turn some floors of the Centre Point tower into luxury flats, after buying the tower out of administration. Almacantar, set up last year by former Land Securities executive Mike Hussey, has exchanged contracts on the Grade II-listed tower near Tottenham Court Road underground station. The firm did not say how [...]
CITY MOVES | WHO’S SWITCHING JOBS April 17, 2011 Halifax Share Dealing The execution-only broker has confirmed Damian Stansfield as its new managing director. Stansfield moves from Lloyds Banking Group, where he held the position of risk director for direct channels and group marketing. In his new role, Stansfield will be responsible for the day-to-day management of Halifax Share Dealing and strategic development of [...]
Time to be tougher towards the EU May 9, 2011 IT was Europe Day yesterday – and no, I wasn’t celebrating. The EU is shockingly badly managed. It wastes vast amounts, its single currency is in crisis (with bailout-hungry Greece’s credit rating downgraded again), it is bureaucratic and its massive regulatory apparatus is crippling, rather than liberating, Europe’s economies. Take two all too typical anecdotes: [...]